非常感谢大家对于汇丰晋信基金的支持！ 刚刚过去的农历蛇年无疑是充满"惊喜"的一年。从"横空出世"的国产人工智能，到蛇年春晚舞台上惊艳 世界的机器人表演，从国产创新药在国际舞台上备受瞩目，到阅兵方阵上展示的堪称"科幻"的先进装 备，过去几年中国坚定不移贯彻的高质量发展战略，如今已经结出了累累硕果。 反映到资本市场上，在AI、创新药、新消费等"新经济"板块的引领下，2025年的A股和港股市场也都交 出了一份较为满意的"答卷"。上证综指全年涨幅接近20%，恒生指数涨幅接近30%，而集中了较多新经 济企业的科创板综指和创业板指数更是上涨了超过40%和50%，成为全球表现最好的市场之一。 对于公募基金行业来说，2025年同样是向高质量发展迈进的一年。 2025年5月，证监会印发了《推动公募基金高质量发展行动方案》，从费率机制、考核制度、产品结构 等多维度调整优化行业运行逻辑，为公募基金行业未来持续高质量发展指明了方向。在这一精神引领 下，汇丰晋信基金始终秉持初心，坚持"做正确的事"，不断升级投研和服务能力，以长期视角服务好投 资者。 李选进 汇丰晋信基金管理有限公司总经理 2003年加盟汇丰投资管理（香港）有限公司，任 ...

Core Viewpoint - The outlook for 2026 suggests a potential surge in investment opportunities in the Chinese market, supported by ongoing economic recovery and enhanced national competitiveness [1][4]. Group 1: Market Performance - In 2025, the A-share and Hong Kong stock markets performed well, with the Shanghai Composite Index rising nearly 20% and the Hang Seng Index increasing by approximately 30%. The STAR Market and ChiNext indices saw even greater gains, exceeding 40% and 50% respectively, making them among the best-performing markets globally [2][10]. Group 2: Fund Industry Development - The public fund industry is moving towards high-quality development, guided by the China Securities Regulatory Commission's action plan issued in May 2025, which aims to optimize the operational logic of the industry across various dimensions [2][10]. Group 3: Research and Investment Strategy - HSBC Jintrust has enhanced its research and investment process by adopting advanced practices from overseas asset management institutions, resulting in a structured and traceable investment research process that improves efficiency and risk management [3][11]. - The company has launched new investment products, including the HSBC Jintrust Multi-Asset Stable Allocation Fund, aimed at providing diversified investment strategies to meet the demand for stable long-term investment options [3][12]. Group 4: Future Outlook - The year 2026 marks a new beginning for both the public fund industry and HSBC Jintrust, with a commitment to accompany investors in various investment paths, including retirement planning, green finance, and overseas allocation [4][12].