Core Viewpoint - The upcoming release of the public fund performance benchmark rules by the China Securities Investment Fund Association aims to address long-standing discrepancies in the fund industry, aligning fund manager evaluations and compensation with actual performance against a more transparent and scientifically grounded benchmark [2][5]. Group 1: Issues in the Fund Industry - There has been a persistent disconnect between the experiences of fund investors and the claims made by fund companies regarding performance, leading to a lack of transparency and scientific guidance in measuring fund performance [2][3]. - The current performance benchmarks often serve as marketing tools rather than accurate measures of risk and return, resulting in a misalignment of interests between fund managers and investors [4][6]. - Frequent redemptions by investors due to difficulty in assessing fund performance increase liquidity management costs for funds and negatively impact expected investment returns [3][4]. Group 2: Proposed Changes and Benefits - The new performance benchmark rules are expected to promote a wealth-sharing market by encouraging fund companies to select benchmarks based on product characteristics rather than solely relying on indices like the CSI 300 [5][6]. - Implementing these rules will help eliminate the current benchmark chaos, enhance the recognition and professionalism of fund managers, and ultimately contribute to a healthier capital market [5][6]. - A decisive reform approach is necessary to ensure the credibility of the new benchmark rules, avoiding gradual changes that could undermine their effectiveness [5][6].