Group 1 - The core viewpoint of the news is that Woge Optoelectronics (603773.SH) reported a decrease in institutional ownership in its third-quarter report for 2025, with a total of 8 institutional investors holding 36.92 million shares, representing 16.44% of the total share capital, down by 2.60 percentage points from the previous quarter [1] - Among public funds, there was a decrease in holdings from one fund, namely the Xingquan Convertible Bond Mixed Fund, which saw a reduction of 0.13% in its holdings compared to the previous quarter [1] - A total of 27 public funds did not disclose their holdings this quarter, including funds such as Xingquan He Feng Three-Year Holding Mixed Fund and Xingquan Multi-Dimensional Value Mixed A [1] Group 2 - In the insurance sector, there was a slight increase in holdings from one insurer, namely Ruizhong Life Insurance Co., Ltd. - Proprietary Funds, indicating a small uptick in their investment [2]

Core Viewpoint - The article emphasizes the promotion of the "Three Investment" philosophy—rational investment, value investment, and long-term investment—within the asset management industry, aligning with the directives from the Central Financial Work Conference and the new "National Nine Articles" [1] Group 1: Event Overview - The first showcase event for excellent practices in the asset management industry, focusing on the "Three Investment" philosophy, is organized by the Shanghai Asset Management Association in collaboration with the Shanghai Municipal Financial Committee and the Shanghai Stock Exchange [1] - The event aims to deepen investors' understanding of the asset management industry and its practitioners through interviews with leading asset management institutions [1] Group 2: Program Details - A special interview series titled "Understanding Finance: Excellent Practices of Asset Management Industry in Practicing the 'Three Investment' Philosophy" will feature insights from professionals in public funds, bank wealth management, insurance asset management, trust companies, and securities asset management [1] - The program will address how the "Three Investment" philosophy can help the fund industry overcome current challenges and prioritize client interests in daily investment processes [1] Group 3: Guest Contributions - The program will include contributions from key figures such as Yu Miao, fund manager of Xingzheng Global Xingyi Bond, and Gao Pengxiang, head of investment advisory at Xingzheng Global Fund, who will share their experiences in product design, risk control, and investor engagement [1]

Group 1 - The article discusses the launch of the first asset management industry practice demonstration event to promote the "three investment" philosophy, which emphasizes rational, value, and long-term investing [1] - The event is organized by the Shanghai Asset Management Association, with guidance from the Shanghai Municipal Financial Committee and the Shanghai Stock Exchange, aiming to encourage long-term capital inflow into the market [1] - A series of interviews titled "Understanding Finance: Excellent Practices of the Asset Management Industry in Implementing the 'Three Investment' Philosophy" will feature representatives from various asset management sectors sharing their experiences and insights [1] Group 2 - The program will include discussions on how the "three investment" philosophy can help the fund industry overcome current challenges and prioritize client interests in daily investment processes [1] - Key speakers include fund managers and professionals from prominent asset management firms, focusing on product design, risk control, and investor engagement [1]