35万亿重磅，“长期”利好！

Core Viewpoint - The public fund industry aims to provide long-term stable returns to investors, which is essential for high-quality development and aligns with the mission of supporting economic transformation and technological innovation in China [2]. Group 1: Integration of Long-termism into Research and Investment Capabilities - The China Securities Regulatory Commission issued an action plan to enhance core research and investment capabilities, emphasizing long-termism as a necessary choice for sustainable development in the public fund industry [4]. - Companies like E Fund and ICBC Credit Suisse are integrating long-termism into their strategies by building self-sustaining research teams and emphasizing long-term performance metrics in their assessments [4][6]. Group 2: Enhancing Long-term Performance Assessment - The action plan mandates the establishment of a performance assessment system centered on fund investment returns, with a focus on long-term evaluation mechanisms [8]. - E Fund has increased the weight of medium to long-term performance in assessments to 80%, while ICBC Credit Suisse maintains a similar focus, encouraging research personnel to prioritize long-term value [8]. - Investment managers at firms like Invesco Great Wall are required to align with long-term investment principles, with higher weight given to three- and five-year performance metrics [8]. Group 3: Improving Client Services - Public funds are enhancing client experiences by developing suitable products, reducing fees, and providing comprehensive wealth management solutions [10]. - E Fund has been proactive in lowering management fees and conducting investor education, while ICBC Credit Suisse has created a three-pronged service system to enhance investor protection and education [10][12]. - Firms like Fuguo Fund and Southern Fund are utilizing data analytics to optimize client engagement and improve service efficiency [12]. Group 4: Empowering Long-term Sustainable Development with AI - The public fund industry is leveraging financial technology, including AI, to enhance all aspects of its operations [14]. - E Fund has established a financial technology team to explore the integration of AI with asset management, while Southern Fund is focusing on digital transformation to improve investment performance and decision-making efficiency [14]. - Risk management systems are evolving from reactive to proactive, with firms implementing real-time risk monitoring through advanced data analytics [15]. Group 5: Strengthening Cultural Foundations - Long-termism is recognized as a challenging yet essential principle, with industry associations promoting cultural initiatives that support long-term investment philosophies [17]. - Companies like Invesco Great Wall and E Fund emphasize the importance of cultural foundations in guiding their long-term strategies and maintaining investor trust [19]. - The public fund industry is committed to integrating long-termism into its cultural ethos, which is seen as vital for achieving high-quality development and supporting national strategies [19].