Core Viewpoint - The introduction of the "Action Plan for Promoting High-Quality Development of Public Funds" marks a new phase of systematic transformation and deep change in the public fund industry, addressing various industry issues and proposing 25 detailed measures for high-quality development [1]. Group 1: Investment Philosophy Transformation - High-quality development in equity investment shifts focus from short-term performance and scale expansion to long-term sustainable returns, risk control, and enhancing investor trust [2]. - The cultivation of long-term high-performance products is key to sustained growth in equity scale, with a focus on fundamental research and individual stock selection [2][3]. Group 2: Performance and Personnel Management - Emphasis on performance benchmarks and long-term assessments to ensure fund managers focus on long-term value creation rather than short-term gains [3]. - Development of a long-term research system and talent team to enhance the research team's ability to serve products and external clients [3]. Group 3: Product Layout Optimization - The Action Plan aims to significantly increase the scale and proportion of equity investments in public funds, encouraging innovation and optimizing registration arrangements for equity funds [4]. - The company will enhance its supply capacity for equity assets and develop a diverse product system covering various strategies, including active equity, fixed income+, index enhancement, and quantitative indices [4][5]. Group 4: Investor Service Enhancement - High-quality development is ultimately reflected in investor satisfaction, necessitating improved service capabilities in the public fund industry [6][7]. - The company will promote long-term investment concepts through investor education and simplify processes to reach underserved groups [7][8]. Group 5: Compliance and Transparency - The company prioritizes compliance and risk control, ensuring all business activities operate within a compliance framework and enhancing transparency in information disclosure [8].