Core Insights - The Chinese public fund industry is undergoing a historic transformation, shifting focus from scale expansion to quality improvement and sustainable growth, with a consensus on enhancing equity investment capabilities [2][3] - The "bank-affiliated public funds," traditionally strong in fixed income, are increasingly entering the equity investment space, exemplified by the strategic shift of Jianxin Fund [2][3] - Jianxin Fund is implementing a comprehensive transformation across its research and investment architecture, product design, risk control systems, and corporate culture to adapt to the evolving market landscape [2][4] Industry Trends - The total scale of the public fund industry has surpassed 35 trillion yuan, marking a significant milestone in its development [2] - The industry is moving towards a "platform-based, integrated, multi-strategy" research and investment system, moving away from reliance on individual fund managers [2][4] Jianxin Fund's Strategy - Jianxin Fund aims to maintain its stable characteristics as a bank-affiliated institution while successfully navigating the competitive equity market [3][4] - The fund has established a "3+3+3+1" integrated research and investment framework, focusing on three key investment departments, three strategic business units, and three flexible research platforms [4][5] - The fund's decision-making structure has been optimized to enhance efficiency and collaboration across different asset classes [5] Product Development - Jianxin Fund has accelerated the innovation and layout of equity products, focusing on technology innovation and national strategic directions [9][11] - The fund's product strategy is driven by a dual approach of tapping into emerging market opportunities while aligning with client needs [9][11] - The fund has launched a variety of equity products, with over 64% of its equity investments in strategic emerging industries as of June 30, 2025 [9][11] Risk Management and Culture - Jianxin Fund has established a comprehensive risk management framework that spans the entire investment process, adhering to the "four early" principles [12][13] - The fund emphasizes a culture of stability and responsibility, ensuring that its investment decisions align with the long-term interests of its clients [13][15] - The fund's internal culture promotes a focus on process over short-term results, fostering a stable output that prioritizes client profitability [13][15] Conclusion - The public fund industry is entering a new phase, where the ability to build a sustainable talent development system and a non-reliant research and investment production chain will define excellence [14][15] - Jianxin Fund's two-decade experience is being leveraged to navigate its transformation, aiming to establish itself as a platform-based asset management institution capable of creating long-term value [15]