基金管理人须坚持以投资者为本，探索建立适合我国国情的公募基金发展模式，通过打造具备长期 配置价值和研究附加价值的"特色化"产品体系，开展更有针对性的投教活动，使得更多公募产品能够让 投资者"听得懂，看得上，拿得住"，满足广大居民财富管理需求。 为稳步推进公募基金改革、推动公募基金行业高质量发展，中国证监会不久前发布了《推动公募基 金高质量发展行动方案》(以下简称《方案》)，鼓励基金公司和销售机构大力提升权益基金规模与占 比，强化和投资者利益绑定，强调业绩比较基准的约束作用以及发挥其在产品设计与组合管理 中"锚"与"尺"的作用。 近年来，随着我国资本市场有效性不断提升，投资者对投资收益理解持续加深，公募基金产品供给 更加丰富，我国资产管理行业加速向专业化分工的方向发展。投资组合中的超额收益与市场收益将被更 精准地相互剥离，以被动指数、指数增强、锚定基准的主动权益等为代表的定位清晰的公募基金产品将 为长期配置型资金提供更多高效且多样性的选择。 需要看到，在《方案》的推动下，锚定基准、风格稳定、超额收益稳健的产品管理思路有望成为行 业重要发展方向，这对公募基金投研团队建设、投资框架重构和风控合规管理等方面都提出了新 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released an action plan to promote the high-quality development of public funds, encouraging fund companies and sales institutions to enhance the scale and proportion of equity funds, strengthen alignment with investor interests, and emphasize the role of performance benchmarks in product design and portfolio management [1] Group 1: Industry Development - The public fund industry is accelerating towards professional division of labor, with a richer supply of products and a deeper understanding of investment returns among investors [1] - The action plan aims to create a product system with long-term allocation value and research-added value, making public products more understandable and accessible to investors [1][3] Group 2: Fund Management Strategies - Fund managers are encouraged to optimize product layout and respond to regulatory calls by launching active equity and quantitative index fund products that align with national development strategies [2] - The focus on benchmark anchoring, stable styles, and steady excess returns is expected to become a significant development direction for the industry, presenting new strategic opportunities [2] Group 3: Investor Engagement - Fund managers should actively practice long-term and value investment cultures, deeply understand market demands, and respond to the new requirements for high-quality development in the industry [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 MACD金叉信号形成，这些股涨势不错！ 国新国证基金认为，推动公募基金向投资者回报转型，必须将"以投资者为本"理念贯穿于经营管理全链 条，需要通过一系列可落地、见实效的具体举措，切实提升投资者的获得感与信任度： 过去十年，中国公募基金行业经历了高速发展，公募基金管理总规模从约八万亿快速增长至三十多万 亿，产品结构、投资者结构、投资策略等方面也发生显著变化。但是，随着市场竞争加剧、基金公司规 模导向、基金考核排名压力等，公募基金行业面临着新的挑战。 近期证监会出台的《推动公募基金高质量发展行动方案》，为行业发展指明了方向。其中，"坚持以投 资者为本，督促行业机构牢固树立以投资者最佳利益为核心的经营理念，并贯穿于公司治理、产品发 行、投资运作、考核机制等基金运营管理全链条、各环节，恪守'受人之托、忠人之事'的信义义务，实 现从重规模向重投资者回报转型"是推动公募基金高质量发展的基本原则之一。 国新国证基金认为，以投资者为本，首先要深刻理解投资者的需求，不同的投资者有着不同的风险偏 好、投资目标和投资期限 ...

来源：上海证券报·中国证券网 上证报中国证券网讯（记者 聂林浩）9月19日，由上海证券报和中欧基金共同主办的"金融教育宣传周-基金行业在行动"活动在中国证券博物馆礼查厅举行。 活动上，中欧基金正式发布《服务公约》，提出四大服务准则——常走动、常分享、常沟通、常创新，旨在积极响应"坚持以投资者为本"的监管号召，倡导 长期且专业的投资者服务，真正提升投资者获得感，以优质客户服务推动行业迈向高质量发展。 客户为先 以长期服务创造价值 近年来，证监会提出《推动公募基金高质量发展行动方案》，同时大力推动公募基金费率改革，多管齐下推动行业从"重规模、轻服务"向"坚持以客户为中 心，聚焦提升投资者长期回报"转型。 "这一监管导向清晰而明确。"上海证券报社党委常委、总编辑谭飞在致辞中表示，公募基金行业的未来，必须建立在投资者信任的基础之上，而信任的核 心，源于实实在在的获得感。 谭飞指出，金融机构可从以下三方面着手：一是践行"客户利益至上"的初心，通过优化产品设计、完善费率结构等举措，让利于投资者。二是强化专业赋能 与陪伴服务，提供有温度的投教内容和服务，陪伴投资者穿越市场周期。三是构建透明、诚信的沟通机制，保障投资者的知情 ...

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 中国证监会印发《推动公募基金高质量发展行动方案》（以下简称《行动方案》），这是深入贯彻落实 中央金融工作会议、中央政治局会议以及新"国九条"关于"稳步推进公募基金改革、推动证券基金机构 高质量发展"的重要决策部署。 《行动方案》聚焦投资者获得感，以强监管、防风险、促高质量发展为主线，督促行业机构牢固树立以 投资者最佳利益为核心的经营理念，实现从"重规模"向"重投资者回报"转型，充分发挥行业引导的积极 作用，并将优化管理费收取模式、完善考核评价制度等投资者长期关切的问题放在首要位置。《行动方 案》的出台有望成为公募基金行业发展史上的重要分水岭，为行业高质量发展提供纲领性、方向性、整 体性的方案，后续还将迎来20余件配套法规，将对公募基金行业尤其是主动权益类基金产品的发展产生 深远影响，体现了精准行业定位、加速形成行业高质量发展"拐点"的坚定决心。 强化基金公司与投资者利益绑定，突出投资者最佳利益导向 近年来，我国公募基金行业在服务实体经济与国家战略、促进资本市场改革发展稳定、满足居民财富管 理需求等方面发挥了积极作用，同时也面临着发展结构不均衡、投资 ...

Group 1 - Several securities firms have announced progress on their "quality improvement and efficiency enhancement" initiatives for the first half of the year, focusing on serving national strategies, sustainable development, and investor rights protection [1] - Southwest Securities reported that it served over 13 billion yuan in the Sichuan-Chongqing region in the first half of 2025, a nearly 30% year-on-year increase, and established a strategic investment fund for the Chengdu-Chongqing economic circle [2] - Guotai Junan Capital's action plan for 2025 emphasizes resource integration and risk management to support the development of manufacturing, strategic emerging industries, and technology innovation [2] Group 2 - The principle of prioritizing investors is a key focus for various securities firms, with Xinyu Securities planning to establish a stable and scientific return mechanism for investors every three years [3] - Southwest Securities is enhancing investor education and protection efforts to improve financial knowledge and risk prevention capabilities among investors [3] - Guotai Securities aims to maintain a stable and continuous profit distribution policy to enhance shareholder returns and create a positive cycle between operational quality improvement and shareholder return growth [3]

Group 1 - The first batch of 26 new floating rate funds has successfully raised a total of 22.68 billion yuan, with 24 funds already established as of the end of June [1][2] - The average fundraising scale for the established funds is approximately 944.5 million yuan per fund, with three funds exceeding 1.5 billion yuan and four funds between 1 billion and 1.5 billion yuan [1][2] - The design of the new floating rate funds reflects a shift towards prioritizing investor returns, aligning with the regulatory push for high-quality development in the public fund industry [2] Group 2 - The fee structure for the new floating rate funds includes three tiers: 1.2% for the base rate, 1.5% for the elevated rate, and 0.6% for the reduced rate, depending on the fund's performance relative to its benchmark [3] - The management fee will be adjusted based on the annualized return compared to the performance benchmark after one year of holding the fund [3]

Group 1 - The core viewpoint of the article emphasizes the release of the "Action Plan for Promoting the High-Quality Development of Public Funds," which aims to align the interests of investors and fund managers, fostering long-term returns for investors [1][2] - The plan is seen as a significant regulatory innovation in China's capital market, focusing on optimizing fund operation models, evaluation systems, and encouraging the development of equity products [2][3] - The introduction of a new batch of floating management fee funds is set to deepen the binding of investor interests, utilizing a performance-based fee structure that adjusts management fees according to fund performance relative to benchmarks [3][4] Group 2 - As of the end of 2024, there will be 75 products in the market operating under the floating management fee model, with a total management scale of 783.29 billion, of which 63 products are performance-linked, accounting for 84% of the number and 98% of the scale [5] - The floating management fee funds have undergone several market tests since their inception in 1999, with 20 funds set to trial the new fee structures in 2023, linking fees to performance, scale, and holding period [4][5] - The future of public funds is expected to focus on long-term and value investing, as the interests of investors, fund managers, shareholders, and sales parties become more aligned following the implementation of the new plan [5]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued the "Action Plan for Promoting the High-Quality Development of Public Funds," which outlines 25 specific measures aimed at reforming the public fund industry and enhancing its quality of development, focusing on long-term investor concerns [1] Group 1: Investor-Centric Approach - The core of high-quality development in the public fund industry is the protection of investor interests, emphasizing a shift from scale to investor returns [2] - The Action Plan encourages innovation in equity fund products, supporting the development of actively managed equity funds and introducing performance-linked fee structures to promote long-term holding [2] - A performance evaluation system centered on fund investment returns will be established, with at least 80% weight on fund performance metrics for fund manager assessments [2] Group 2: Research and Investment Capability - The Action Plan calls for the establishment of a fund company research and investment capability evaluation system, promoting resource investment in human capital and technology [4] - Fund companies are encouraged to adopt new technologies such as artificial intelligence and big data, and to establish technology and operational service subsidiaries [4] - Strengthening research and investment capabilities is identified as a key competitive advantage for fund companies, essential for gaining investor trust and achieving high-quality development [4] Group 3: Compliance and Risk Management - The Action Plan emphasizes the importance of compliance and risk management, requiring fund companies to maintain a robust risk control system and improve liquidity risk prevention mechanisms [5] - It includes revisions to regulations governing risk reserves and the management of fund managers' dual roles to enhance risk isolation [5] - The implementation of these measures aims to strengthen the compliance culture within the industry and improve the overall risk management framework [6] Group 4: Implementation and Future Outlook - The Action Plan provides clear policy guidance and strong support for the high-quality development of the public fund industry, with a goal to see tangible results within three years [6] - Fund companies are expected to align with the principles of the Action Plan, focusing on enhancing research capabilities and customer service to create sustained value for investors [6]

Core Viewpoint - The article discusses the implementation of the "Action Plan for Promoting the High-Quality Development of Public Funds," which aims to transform the public fund industry from a "scale-oriented" approach to one that prioritizes "investor interests" through various regulatory and structural reforms [2][3][5]. Group 1: Key Points of the Action Plan - The Action Plan emphasizes four main aspects: strengthening the binding of interests with investors, developing and expanding equity funds, enhancing the service capabilities for investors, and increasing the internal stability of the industry [6][12]. Group 2: Strengthening Investor Interest Binding - The Action Plan proposes optimizing fund operation models through floating management fee mechanisms, performance benchmarks regulation, further fee reductions, and performance evaluation reforms to align fund managers' income with investor returns [7][8]. - The floating management fee mechanism will be normalized, requiring leading institutions to issue at least 60% of new equity funds with performance-linked fees, improving alignment between fund managers and investors [7]. - Performance benchmarks will be regulated to ensure accountability, with penalties for underperformance and rewards for exceeding benchmarks, enhancing transparency and reducing selection difficulties for investors [8][9]. Group 3: Developing Equity Funds - The Action Plan continues to support the high-quality development of equity funds, allowing public funds to participate more in financial derivatives to manage risks and achieve absolute return goals [10]. - It encourages innovation in equity fund products, including floating fee funds and thematic investment index funds, with streamlined registration processes to enhance market participation [10][11]. - The evaluation system for sales institutions will be optimized to focus on service quality rather than just sales volume, improving investor experience [11]. Group 4: Enhancing Service Capabilities for Investors - The Action Plan calls for fund companies to improve their organizational structure, research capabilities, and product lines to better serve investors [12][13]. - It emphasizes the need for a team-based research system to enhance investment strategies and reduce risks associated with individual fund managers [13][14]. - The establishment of a centralized data platform for institutional investors is proposed to streamline investment processes and improve service quality [14]. Group 5: Increasing Internal Stability of the Industry - The Action Plan outlines measures for liquidity management, long-term investment encouragement, compliance, and reputation management to enhance the internal stability of public funds [15][16]. - A multi-layered liquidity risk prevention mechanism will be established, along with a focus on long-term investment strategies to mitigate short-term speculative behaviors [15]. - Compliance and reputation management will be strengthened to ensure ethical practices within the industry, promoting a healthier investment environment [16].