FINANCIAL STREET(SZ:000402) Bei Jing Shang Bao·2025-10-29 13:17Core Viewpoint - The Beijing Securities Regulatory Bureau and five other departments have jointly issued the "Implementation Opinions on Promoting Long-term Funds to Enter the Market" to enhance the quality of listed companies and encourage long-term investment strategies [5][6]. Group 1: Implementation Opinions - The implementation opinions focus on four main areas: optimizing market ecology, developing equity public funds, improving investment policies for commercial insurance and pensions, and encouraging bank wealth management and trust funds to participate in the capital market [5]. - The plan aims to establish a long-term performance-oriented assessment mechanism for commercial insurance funds and promote share buybacks and increases among qualified listed companies [5]. Group 2: Market Impact - The quality of listed companies in Beijing has improved, with 45 companies implementing buybacks totaling 19.33 billion yuan and 285 companies distributing cash dividends amounting to 605.4 billion yuan [6]. - The coverage of mid-term dividends is increasing, with nearly 100 companies developing three-year dividend plans, enhancing the reputation of listed companies [6]. Group 3: Fund Management - The number of equity funds managed by public funds in Beijing has reached 1,090, a year-on-year increase of 19%, with a total scale of 1.94 trillion yuan, reflecting a growth of 25.56% [7]. - Public fund fee reforms have been effective, with 838 actively managed equity fund products reducing fees, potentially saving investors 10 billion yuan annually [6][7]. Group 4: Long-term Investment Trends - The total assets managed by various pension funds in the region have reached 2.44 trillion yuan, a year-on-year increase of 20.73%, indicating a positive cycle of long-term investment [7]. - Long-term assessment mechanisms are being established for public funds and pension funds, with a focus on three-year performance evaluations [7].