富达基金总经理孙晨：锚定主动管理、养老投资和跨境投资，把握中国资管行业高质量发展机遇

Core Insights - Foreign capital is increasingly investing in China's capital markets, demonstrating strong confidence in the asset management industry [1] - Fidelity Investments sees significant potential in China's asset management sector, driven by systematic policy guidance leading to high-quality development [1][2] Industry Trends - The China Securities Regulatory Commission (CSRC) has outlined a development blueprint for the asset management industry during the 14th Five-Year Plan, focusing on investor-centric principles and enhancing professional capabilities [2] - The industry is expected to undergo structural changes, with three key trends identified: upgrading of resident wealth demand, increasing personal pension financial needs, and a shift from "sell-side advisory" to "buy-side advisory" [3] Competitive Advantages - Fidelity's competitive edge lies in its ability to combine global expertise with local needs, focusing on three core strengths: deep active management experience, extensive pension management expertise, and comprehensive cross-border allocation capabilities [4][5] - Fidelity has ranked first among foreign public funds in equity product returns for the first half of 2025, with a return rate of 12.24% [4] Market Outlook - Fidelity maintains an optimistic view on the Chinese stock market, citing strong resilience and improving corporate earnings, supported by innovation-driven industrial upgrades and favorable policies [7] - The firm identifies four key investment areas: artificial intelligence, aerospace, low-altitude economy, and innovative consumption, which are expected to yield attractive returns [8] Investment Strategy - Fidelity emphasizes focusing on long-term competitiveness rather than short-term market fluctuations, leveraging fundamental research and a global perspective to identify high-quality value opportunities [9] - The company advises both individual and institutional investors to maintain investments and diversify portfolios to benefit from China's long-term economic growth [10]