Core Viewpoint - The Chinese public fund industry has become an essential force in the capital market, with a focus on high-quality development guided by the "Action Plan for Promoting High-Quality Development of Public Funds" released in May [1][6] Industry Development - The public fund industry aims to create long-term value for investors while serving national strategies and optimizing resource allocation [1] - The Beijing region is setting a benchmark for high-quality development in the public fund industry, with local firms actively participating in this transformation [1] Long-term Investment Philosophy - Long-termism is emphasized as the foundation for value creation, contrasting with short-term performance pressures that can lead to irrational investor behavior [2] - A systematic approach to investor education and product design is proposed to encourage long-term holding and disciplined investment practices [2] Service Optimization - High-quality service should encompass the entire investor lifecycle, moving beyond mere transaction completion to include comprehensive educational content and disciplined investment guidance [2][3] - Upgrading technological capabilities is crucial for enhancing service quality and matching investor needs effectively [3] Collaborative Ecosystem - The high-quality development of the public fund industry requires collaboration among asset managers, distribution channels, and investors to create a mutually beneficial ecosystem [3][4] - Compliance is highlighted as a fundamental requirement for sustainable industry growth, ensuring that all innovations occur within a regulatory framework [3] Cultural Foundation - A strong industry culture centered on long-termism, professional integrity, and prioritizing investor interests is essential for long-term development [5] - The industry should move away from short-term incentives and establish performance metrics linked to long-term client value [5] Company Practices - JD Kentrui is committed to integrating the "investor-centric" philosophy throughout its operations, focusing on value-driven reforms and enhancing asset allocation services [6] - The platform has seen significant growth, with a 77% year-on-year increase in new fund users and a 46% increase in trading users in the first nine months of 2025 [6]

Group 1 - The core viewpoint of the articles emphasizes the launch of a series of diversified investor education activities by JD Kentrui Fund Sales Co., Ltd. to promote high-quality development in the public fund industry [1][2] - The investor education activities will combine online and offline methods, utilizing the JD Finance APP to create a dedicated "Investor Education Zone" with rich content resources [1] - Offline activities will focus on interactive experiences and precise services, including programs like "Future Financial Talent Cultivation Plan" and "Investment Strategy Sharing Sessions" in universities, business districts, and communities [1] Group 2 - As of July 2025, the number of new fund users on the JD Finance platform has increased by 58% year-on-year, while the number of trading users has grown by 47%, indicating a continuous rise in trading activity [2] - The investor demographic shows a significant presence of younger investors, with those aged 25-35 making up about 40% and those aged 18-25 accounting for approximately 20% [2] - The investment preferences of platform users reflect a diversified allocation strategy, with 68% in equity active funds and index funds, and 20% in stable bond funds and "fixed income+" products, indicating a more rational investment approach [2] Group 3 - The company views investor education as a crucial foundation for the high-quality development of the public fund industry, aiming to instill long-term and value investment concepts among investors [2] - JD Kentrui plans to deepen collaboration with regulatory bodies and public fund managers to continuously optimize educational content and services [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has introduced a plan to promote high-quality development of public funds, emphasizing a shift from scale to investor returns, which is being actively implemented by JD Wealth [1][2] Group 1: Regulatory Response and Market Impact - JD Wealth has responded to regulatory guidance by enhancing services and investor protection, achieving significant growth in user engagement, with new fund users increasing by 58% year-on-year and trading users by 47% as of July 2025 [1] - The investor demographic is becoming younger, with 40% of investors aged 25-35 and 20% aged 18-25, collectively representing over half of the fund investment growth [1] - The investment preference is shifting towards a diversified allocation, with 68% in equity active and index funds, and 20% in stable bond funds and "fixed income+" products, indicating a trend of "aggressive as primary, stable as support" [1] Group 2: Strategic Development Directions - JD Wealth is transitioning from a "fund sales platform" to an "asset allocation service provider," focusing on high-quality development, enhancing equity fund layouts, and establishing core business indicators related to investor returns and investment duration [2] - The company is building a refined fund classification system and evaluation matrix covering nearly a thousand niche sectors, integrating investor returns and performance benchmarks into core evaluation metrics [2] - JD Wealth aims to accelerate its "investment advisory" transformation, guiding investors to shift from focusing on individual products to improving portfolios and emphasizing long-term holdings [2]

Core Insights - The Z generation is becoming a major force in the fund investment sector, with 40% of investors aged 25-35 and 20% aged 18-25, indicating a shift in wealth management perspectives among younger investors [1][2] - The A-share market's strong performance has created a favorable environment for young investors, as evidenced by the major indices reaching new highs [1] - The rise of mobile internet and social media has lowered investment barriers and accelerated financial literacy among the younger demographic [1] Investment Preferences - 68% of investments are in active equity funds and index funds, reflecting confidence in structural market trends, while 20% is allocated to low-volatility products [3] - The top regions for fund purchases are Guangdong, Jiangsu, and Beijing, highlighting a correlation between economic vitality and investment enthusiasm [3] Strategic Initiatives - JD Finance is transitioning from a "fund sales platform" to an "asset allocation service provider," focusing on a refined fund classification system and AI-driven market insights [2][3] - The platform aims to enhance investor experience by optimizing service models and providing professional tools for investment strategy [3][4] - Future plans include deepening service concepts through technology and professional services to create more value for investors [4]

Core Insights - The A-share market continues to show strength, with all three major indices reaching new highs for the year, indicating increased trading activity [1] - The demographic of young investors is rising, with those aged 25-35 making up 40% and those aged 18-25 accounting for 20%, highlighting the growing influence of Generation Z in fund investments [1] Group 1: Market Performance - The A-share market has shown significant momentum, with all three major indices achieving new annual highs, reflecting a robust trading environment [1] - The trading activity on the market has notably increased, suggesting a positive sentiment among investors [1] Group 2: Investor Demographics - Young investors are becoming a significant force in fund investments, with over 60% of investors aged 25 and under [1] - The platform's user base is characterized by a youthful demographic, indicating a shift in investment behavior towards younger generations [1] Group 3: Investment Preferences - The investment choices of platform users are diverse, with active equity funds and index funds comprising 68% of the portfolio, showcasing investor confidence in structural market trends [2] - Conservative bond funds account for approximately 15%, while "stable income+" products make up 5%, indicating a balanced approach to risk and return among some investors [2] Group 4: Service Enhancements - The fund channel of the platform has undergone a comprehensive upgrade, utilizing AI to capture market trends in real-time and creating four major investment IP matrices [2] - The company aims to enhance its "investor-centric" service philosophy through technology and professional services, focusing on global asset allocation and improving user experience [2]