Group 1 - The 2025 Fund High-Quality Development Conference was held in Shenzhen, focusing on new paths for the high-quality development of the fund industry, with participation from top experts and leaders in the field [1] - Wang Zhongmin emphasized the shift from traditional industrial assets to new assets in the AI digital era, highlighting that past assets have been compressed to a smaller share of the economy [3] - The investment strategy should focus on new assets that emerge in the AI era, rather than relying on outdated industrial assets, which may pose significant investment risks [3] Group 2 - The conference gathered leaders from academia, private equity, public funds, and brokerage firms to discuss the future of the fund industry [1] - The discussion included the need for funds to adapt their risk analysis models to incorporate the new income sources arising from the AI era [3]