Core Viewpoint - The company conducted its fourth consecutive liquidity emergency drill to test and improve its liquidity risk management emergency plan, focusing on the end of the third quarter and spanning five trading days [1][2]. Group 1: Emergency Drill Overview - The emergency drill consisted of three parts: practical exercises, process rehearsals, and simulation analysis [1]. - Practical exercises targeted daily open products, monitoring asset allocation, liquidity risk indicators, product redemptions, and asset trading to assess liquidity management capabilities [1]. - Process rehearsals involved simulating extreme scenarios to ensure departments are familiar with emergency procedures, including client communication and regulatory reporting [1][2]. - Simulation analysis evaluated the company's response capabilities under systemic liquidity risk scenarios [1][2]. Group 2: Risk Management Enhancements - The drill covered key aspects such as risk monitoring, response mechanisms, and collaborative handling, providing quantifiable and optimizable practices for liquidity risk management [2]. - The company improved its identification and control of liquidity risks, refined emergency response processes, and enhanced cross-departmental crisis management efficiency [2]. - A comprehensive liquidity risk management system was established, focusing on investment portfolio liquidity management, investor liquidity needs, liquidity risk stress testing, and emergency planning [2]. Group 3: Future Plans - The company plans to refine its liquidity early warning monitoring system, optimize emergency response processes, and enhance liquidity risk management levels based on the experiences gained from the drill [3]. - The goal is to cultivate differentiated competitive advantages and support the high-quality development of its wealth management business [3].