Group 1 - The core viewpoint of the article emphasizes the importance of high-quality development in public funds, as outlined in the regulatory action plan by the China Securities Regulatory Commission [1] - The Beijing Securities Association, in collaboration with various stakeholders, has initiated a series of activities aimed at promoting high-quality development in public funds [1] - Silver Hua Fund has actively responded to national calls by innovating its product offerings, including pension-targeted funds and technology-focused investment products [1][2] Group 2 - In the fixed income sector, Silver Hua Fund is enhancing its research capabilities and product development, focusing on differentiated growth paths [2] - The company manages a diverse range of public fund products, with a total asset management scale exceeding 1,026.6 billion yuan as of June 30, 2025 [2] - Looking ahead, Silver Hua Fund aims to uphold its commitment to long-term value creation in the asset management industry [2]

Group 1 - The Beijing Securities Association has launched a series of activities aimed at promoting the high-quality development of public funds, under the guidance of the Beijing Securities Regulatory Bureau [1] - The theme of the activities is "New Era, New Funds, New Value," focusing on enhancing Beijing's role as a national financial management center and creating a new brand for high-quality financial development [1] - The initiative aligns with the national strategy to build a multi-tiered and multi-pillar pension security system in response to the accelerating aging population [1] Group 2 - Pension target funds are designed for the long-term stable appreciation of retirement assets, encouraging investors to hold them for extended periods while employing mature asset allocation strategies [2] - Key characteristics of pension target funds include operating in a fund-of-funds (FOF) format, typically being closed-end with lock-up periods ranging from 1 to 5 years, and aiming for low volatility and steady returns [2] - Compared to ordinary public funds, pension target funds differ in investment objectives, targets, and strategies, providing a one-stop investment solution specifically for retirement [2] Group 3 - In December of the previous year, equity index funds were added to the personal pension investment product catalog, broadening the range of investable products and enhancing the appeal of personal pension services [3] - Y-class shares of pension target funds were launched early by Yin Hua Fund, with multiple products included in the personal pension fund directory, catering to various age groups and risk preferences [3] - Yin Hua Fund aims to continue providing suitable products for different investors' retirement planning, emphasizing a supportive approach throughout market cycles [3]

Core Viewpoint - The article discusses the launch of a series of activities aimed at promoting the high-quality development of public funds in Beijing, emphasizing the importance of pension fund management in the context of an aging population and national financial strategies [1][2]. Group 1: Industry Initiatives - The Beijing Securities Regulatory Bureau, along with the Beijing Securities Association and various financial institutions, initiated the "Beijing Public Fund High-Quality Development Series Activities" to enhance the public fund sector [1]. - The 2023 Central Financial Work Conference highlighted the need for high-quality financial development, focusing on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance [1]. Group 2: Company Actions - Yin Hua Fund has proactively engaged in personal pension business, aligning with national strategies to support a multi-pillar pension insurance system [1]. - The company has established a dedicated team to oversee the planning and implementation of personal pension services, aiming to provide long-term and stable investment options for retirees [2]. Group 3: Product and Service Innovations - Yin Hua Fund has launched pension-targeted funds with Y-class shares, catering to diverse age groups and risk preferences in pension investments [2]. - The company has pioneered a B2C model for personal pensions, collaborating with major state-owned enterprises to offer a "one-stop" service for pension investments [2]. - Yin Hua Fund is the first fund company to integrate into the electronic social security card's personal pension product purchase section, facilitating easier access for residents [2]. Group 4: Future Outlook - Yin Hua Fund plans to strengthen its research and investment capabilities, enhance cross-cycle asset allocation, and build a skilled workforce in pension management to contribute to the high-quality development of the pension system [2].

Core Viewpoint - The development of high-quality public funds in Beijing is crucial for addressing the aging population and ensuring sustainable pension management, as emphasized by recent government initiatives and industry meetings [1][2]. Group 1: Industry Initiatives - The Central Financial Work Conference in October 2023 highlighted the importance of high-quality financial development in the context of pension finance [1]. - The China Securities Investment Fund Industry Association's Pension Business Committee emphasized that the high-quality development of public funds is essential for the preservation and appreciation of pension assets, aiming for long-term stable returns [1]. Group 2: Company Strategies - Yinhua Fund has proactively engaged in personal pension business, aligning with national strategies to support a multi-pillar pension insurance system [1]. - The company has established a dedicated team to oversee the planning and implementation of personal pension services since the pilot program's launch [2]. - Yinhua Fund has introduced various pension-targeted funds, covering diverse investment needs across different age groups and risk preferences [2]. Group 3: Service Innovations - Yinhua Fund has pioneered a B2C model for personal pensions, collaborating with major state-owned enterprises to provide a "one-stop" service for investors [2]. - The company is the first fund firm to integrate into the electronic social security card's personal pension product purchase section, enhancing accessibility for residents [2]. Group 4: Future Outlook - Yinhua Fund plans to strengthen its research and investment capabilities, improve cross-cycle asset allocation, and build a skilled pension management team to enhance service adaptability and market competitiveness [2].