首只来了！富达基金，新动作

Core Viewpoint - The approval of the first foreign-owned pension target fund by Fidelity Fund marks a significant step in expanding high-level openness in China's financial market [2][6]. Group 1: Regulatory Environment - In January, regulatory authorities released a report to promote the establishment of foreign-owned fund companies, emphasizing their role in meeting residents' wealth management needs [4]. - The report allows for the combined calculation of public fund management scale for foreign-owned companies with substantial experience in pension asset management [4][5]. Group 2: Market Potential and Strategy - The Chinese personal pension market has immense potential, and foreign participation can leverage their expertise to introduce differentiated products and solutions [5][8]. - Fidelity Fund plans to introduce a range of pension products, starting with target risk funds and then developing target date funds to cater to various age groups [8][9]. Group 3: Current Landscape - As of the second quarter of 2025, there are 64 fund management companies in China with a total of 271 pension target funds, managing a combined scale of 60.2 billion yuan, indicating a steady but nascent development stage [11].