为投资者创造价值 国泰基金党委书记、董事长周向勇谈行业高质量发展

Group 1 - The core transformation of the public fund industry is shifting from "emphasizing scale" to "emphasizing returns," which reflects a return to the fundamental principle of asset management institutions as fiduciaries for clients [1] - The industry needs to balance profitability and functionality, prioritizing functionality to create value for investors and enhance their investment experience while supporting national strategic goals [1] - The issue of "funds making money but investors not benefiting" is attributed to the high volatility of actively managed equity funds, highlighting the need for stricter performance benchmarks to clarify product offerings for investors [1] Group 2 - With the continuous growth of the Chinese economy, there is significant development potential for the capital market and various asset management products [2] - Active equity investment will thrive as it focuses more on investor returns, emphasizes benchmark importance, and builds research platforms to generate stable alpha returns [2] - Passive investment tools, particularly ETFs, have vast growth potential, with broad-based ETFs becoming more closely linked to economic fundamentals, allowing investors to share in the economic growth [2]