博时基金董事长张东：以科创投资“五大支柱”服务新质生产力发展

Core Viewpoint - The Chinese public fund industry is entering a critical year for high-quality development in 2025, transitioning from scale expansion to value creation, driven by the implementation of the "Action Plan for Promoting High-Quality Development of Public Funds" and the "14th Five-Year Plan" [1][3] Group 1: Industry Transformation - The public fund industry has achieved significant progress, with cumulative investor returns exceeding 8 trillion yuan since 1998, and profits surpassing 2 trillion yuan in the first three quarters of 2025, marking a historical high [3] - The "Action Plan" aims to reshape the industry by focusing on investor interests and supporting the construction of a financial powerhouse, emphasizing the need for a long-term assessment mechanism centered on investor profitability [3][4] - The "14th Five-Year Plan" highlights the importance of developing technology finance, green finance, inclusive finance, pension finance, and digital finance, providing guidance for public funds to serve the real economy [3][4] Group 2: Company Strategy - The company aims to fulfill four key roles: creator of customer value, discoverer of investment value, leader in high-quality development, and builder of a financial powerhouse [4][5] - As a creator of customer value, the company focuses on enhancing asset management and wealth management capabilities, ensuring that investor interests are prioritized [4] - The company seeks to enhance its investment research capabilities, improving pricing and allocation abilities across various asset classes [4][5] Group 3: Focus on Innovation - The company emphasizes the development of rights-based funds and index funds to attract long-term capital and serve small and medium investors, while also establishing a risk compliance system aligned with high-quality development and regulatory requirements [5] - The company plans to actively participate in public fund reforms and innovations, enhancing its service capabilities for the real economy, particularly in technology finance and green finance [6][7] Group 4: Supporting New Product Development - The company is committed to developing a comprehensive system for technology investment, focusing on five key capability pillars, including integrated research systems and dynamic pricing methods for technology enterprises [9][10] - The company aims to create a product matrix that includes various technology innovation indices and ETFs, providing transparent and efficient investment options for the market [10][11] - The company will continue to refine its technology investment research capabilities, striving to enhance investor satisfaction and contribute to the high-quality development of the industry [11]