财通资管：于价值深处求索 以长期主义锻造高质量发展新引擎

Core Viewpoint - The article highlights the journey of Caitong Securities Asset Management Co., Ltd. towards high-quality development in the public fund industry, emphasizing its unique broker asset management gene and a decade of public fund experience, focusing on team building, counter-cyclical layout, and win-win cooperation with clients [1] Group 1: Business Structure and Performance - Since its establishment in 2014, Caitong Asset Management has developed a "one main, two wings" business structure focusing on active management of multiple assets, with total entrusted asset management exceeding 300 billion yuan and public fund management exceeding 100 billion yuan as of Q3 2025, ranking third among broker asset management institutions [1] - The company has maintained a commitment to long-term value creation and prioritizing the interests of holders, which is reflected in its significant growth in asset management scale [1] Group 2: Talent Development and Team Building - Talent is considered the core of the asset management industry, and high-quality development is achieved by prioritizing investor interests through systematic construction for long-term value [2] - Caitong Asset Management has a nearly 40-member equity team with an average industry experience of 14 years, emphasizing a "mentor-mentee" culture to build a robust talent pipeline [3] - The company has established a clear investment research philosophy focusing on "in-depth research, value investment, absolute returns, and long-term assessment," which serves as a roadmap for the development of its equity business [2][3] Group 3: Research and Investment Integration - The company emphasizes "in-depth research" as a key component of its investment strategy, focusing on vertical industry research, horizontal industry comparisons, and an international perspective [5] - Caitong Asset Management has achieved full coverage of 31 first-level industries and strengthened its research capabilities in mainstream sectors, enhancing its ability to identify emerging trends [6] - The integration of research and investment is facilitated by a structured mechanism that promotes efficiency and addresses research blind spots [5][6] Group 4: Cultural Values and Client Engagement - The core of cultural construction at Caitong Asset Management is centered on investor interests and long-termism, aiming for a three-way win among stable management, long-term investor benefits, and optimized industry ecology [7][8] - The company places significant emphasis on investor experience and education, developing a multi-layered communication mechanism and actively exploring educational initiatives to foster long-term investment perspectives among clients [8] - Caitong Asset Management has committed over 9.4 million yuan to various public welfare projects, reflecting its responsibility as a state-owned financial institution [8] Group 5: Future Plans and Strategic Direction - The company plans to reform its assessment mechanisms to align management and client interests, introduce floating fee rate products, and enhance its investment capabilities in overseas markets following the approval of its QDII qualification [9] - Caitong Asset Management aims to deepen its client-centric approach by innovating service models and enriching its educational framework to guide clients in establishing long-term investment habits [9] - The company emphasizes that asset management is a marathon, focusing on sustainable performance rather than short-term scale, and aims to convert its research advantages and assessment orientation into stable performance and clear client experiences [9]