Core Insights - The year 2026 marks the beginning of the "14th Five-Year Plan," with a focus on deepening capital market reforms and innovating financial services to support economic transformation and high-quality development [1][6] Group 1: Service to the Real Economy - The core of high-quality economic development lies in innovation and productivity leaps, requiring stable capital support, which public funds can provide [2] - Tianhong Fund emphasizes ongoing attention to emerging industries such as information technology, AI, biomedicine, and new energy, while promoting product innovation and resource allocation optimization [2] Group 2: Scientific Investment Research System - A scientific investment research system is essential for public funds to effectively serve the real economy, enhancing investment decision quality and value discovery [3] - The trend towards platformization, systematization, and intelligence in the industry necessitates the integration of digital and technological advancements into traditional research processes [3] Group 3: Diverse Product Matrix - Product innovation must align with national strategic directions, addressing the financing needs of key sectors, particularly for technology enterprises [4] - Tianhong Fund is developing a diversified product matrix to meet varying risk preferences and investment needs, while focusing on high-quality products in core index areas and exploring long-term potential in new asset directions [4] Group 4: Enhancing Investor Experience - Tianhong Fund prioritizes customer needs and aims to build trust with investors by matching appropriate investment strategies and clearly communicating investment philosophies [5] - The fund industry should deepen individual investors' understanding of the capital market and enhance their acceptance of market volatility to foster a long-term investment culture [5][6]

Core Viewpoint - The year 2026 marks the beginning of the "14th Five-Year Plan," focusing on deepening capital market reforms and innovating financial services to support economic transformation and high-quality development [1] Group 1: Service to the Real Economy - The core of high-quality economic development lies in innovation and productivity leaps, requiring stable capital support, which public funds can provide [2] - Tianhong Fund emphasizes continuous attention to emerging industries such as information technology, AI, biomedicine, new energy, and new materials, tracking new technologies that drive industry momentum [2] - The company aims to guide wealth and institutional funds towards national strategic priorities through product innovation and resource allocation optimization [2] Group 2: Scientific Investment Research System - Public funds must leverage their resource allocation and value discovery functions to genuinely serve the real economy, necessitating a scientific investment research system [3] - The trend towards platformization, systematization, and intelligence in the industry requires public funds to upgrade their investment research processes and incorporate digital and technological means [3] - A three-in-one framework of "process-oriented, platform-based, and intelligent" investment research is essential, integrating big data and AI into traditional fundamental research [3] Group 3: Diverse Product Matrix - Products are crucial for public funds to fulfill their functional roles, requiring innovation aligned with national strategic directions [4] - Tianhong Fund is developing a product system that addresses the funding needs of technology enterprises throughout their lifecycle, including thematic funds and ETFs [4] - The company aims to create a diversified product matrix that meets varying risk preferences and investment needs, while also focusing on high-quality products in key indices and sectors [4] Group 4: Enhancing Investor Experience - Tianhong Fund prioritizes customer needs and aims to build trust with over 750 million individual investors [5] - Enhancing investor experience involves matching appropriate investment strategies and clearly communicating investment philosophies and rules [5] - The company believes in fostering a long-term investment culture by helping individual investors understand market dynamics and manage volatility [6]

Group 1 - The core focus for 2026 is to deepen capital market reforms and innovate financial services to support economic transformation and high-quality development [1] - Public funds are seen as a crucial link between social wealth and the real economy, emphasizing the need for long-term, stable capital support for emerging industries [1][2] - Tianhong Fund is concentrating on sectors such as information technology, artificial intelligence, biomedicine, new energy, and new materials to drive economic growth [1] Group 2 - A scientific investment research system is essential for public funds to enhance investment decision quality and value discovery capabilities [2] - The trend towards platformization, systematization, and intelligence in the industry necessitates the integration of digital and technological advancements into traditional research processes [2] - Tianhong Fund aims to create a product matrix that addresses both national strategic needs and the growing wealth management demands of residents [2][3] Group 3 - Tianhong Fund is committed to developing a diversified product matrix that caters to different risk preferences and investment needs, while also focusing on high-quality products in key indices [3] - Enhancing investor satisfaction is crucial, requiring alignment of investment strategies with investor needs and clear communication of investment philosophies [3][4] - The public fund industry must deepen individual investors' understanding of the capital market to foster a culture of long-term investment [4]