Core Insights - The release of the "Guidelines for Performance Benchmarking of Publicly Raised Securities Investment Funds" and the "Operational Details for Performance Benchmarking" marks a significant step towards enhancing the asset management industry's focus on high-quality development and reshaping the public fund ecosystem [1][7] Group 1: Key Highlights of the Guidelines - The guidelines establish the performance benchmark as a core element, redefining its role from a mere reference to a binding anchor for investment behavior and performance evaluation, thus preventing style drift and ensuring stability in investment strategies [2][3] - A comprehensive management framework covering the entire lifecycle of performance benchmarks is introduced, ensuring accurate selection, effective management, and optimal application, with strict requirements for benchmark selection and monitoring [3][4] - A systematic support mechanism is designed to facilitate the smooth implementation of the new regulations, including integrating benchmark performance into the fund manager's evaluation system and establishing a one-year transition period for existing products [4] Group 2: Implications for the Industry - The standardization of performance benchmarks is expected to promote rational investment styles among various public funds, leading to more balanced and stable investment operations, thereby reducing short-term speculation in the capital market [5] - Fund managers will benefit from clearer product positioning and improved research capabilities, fostering a more stable investment style and enhancing competitive advantages in asset management [5] - Investors will gain clearer product labels through standardized benchmarks, improving decision-making efficiency and reducing information asymmetry, while also enhancing their overall investment experience [5]