Core Viewpoint - Penghua Putian Bond Fund announced a change in its performance benchmark from "China Securities Comprehensive Bond Index Yield" to "China Bond Comprehensive Full Price (1 Year or Less) Index Yield" effective May 13, 2025. This change reflects a broader trend in the industry, with over 30 funds adjusting their performance benchmarks this year. The recent regulatory framework from the CSRC emphasizes the importance of performance benchmarks by linking them to fund companies' revenues and fund managers' compensation assessments [1]. Group 1 - The Penghua Putian Bond Fund will adjust its performance benchmark starting May 13, 2025 [1] - Over 30 funds have changed their performance benchmarks this year [1] - The CSRC has released a plan to promote high-quality development of public funds, reinforcing the role of performance benchmarks [1]

Group 1 - The core viewpoint of the article is that several funds are changing their performance benchmarks to better reflect their risk-return characteristics and investment strategies [1][4][5] - On May 9, 2023,浦银安盛基金 announced changes to the performance benchmarks of three bond funds, indicating a trend of adjusting benchmarks across the industry [4][5] - As of May 11, 2023, a total of 73 funds have changed their performance benchmarks this year, including various types such as equity mixed funds and bond funds [5][6] Group 2 - The adjustments in performance benchmarks are primarily driven by fund managers' considerations of more appropriate benchmarks in light of changes in investment direction [5][6] - The China Securities Regulatory Commission (CSRC) has emphasized the need to strengthen the constraints of performance benchmarks in its recent action plan for the high-quality development of public funds [7][8] - The CSRC aims to establish regulatory guidelines for setting, modifying, disclosing, and continuously evaluating performance benchmarks to ensure they serve their intended purpose effectively [8]