Core Viewpoint - The public fund industry is transitioning from a scale-oriented approach to a quality-oriented approach, with a focus on long-term value creation and sustainable returns for investors [1][5][11]. Industry Overview - The public fund industry has seen significant growth, with total managed assets reaching 36.25 trillion yuan by August 2025, up from 8 trillion yuan in 2015, highlighting its importance in the capital market [2][3]. - The rapid growth has led to challenges such as product homogenization and a mismatch between scale growth and investor satisfaction [2]. Policy and Regulatory Changes - The "Action Plan for Promoting High-Quality Development of Public Funds" was released in May 2025, emphasizing a return to a "return-oriented" approach and aligning financial support with the real economy [3][4]. - Key measures include optimizing assessment mechanisms, enhancing research capabilities, and promoting fee reforms linked to fund performance [3][4]. Company Strategy and Implementation - Under the guidance of the action plan, the company is committed to long-termism, aiming to create sustainable returns for investors through a systematic and professional approach [5][11]. - The company has established a comprehensive research and investment system that emphasizes deep research, risk control, and a diversified investment style [5][6]. Technological Innovation - The company has developed a forward-looking quantitative investment system, including a proprietary multi-strategy Alpha model that aligns with long-term value investment principles [6][8]. - A factor library covering over 300 factors across various dimensions has been created to assess the long-term competitiveness of listed companies [6]. Talent and Team Structure - The company has built a specialized investment research team with over 70 members, each averaging more than 8 years of experience in finance, ensuring effective collaboration across various investment departments [7][11]. Product Innovation - The company has diversified its product offerings, including various types of funds such as money market, bond, mixed, and thematic ETFs, aligning with national strategic directions [8][10]. - Specific products have been developed to meet long-term investment needs in areas like pension finance, technology, and green finance [8][10]. Investor Engagement and Education - The company prioritizes investor trust and engagement, conducting educational activities to enhance financial literacy and risk awareness among diverse groups [9][10]. - Initiatives include community outreach and tailored services for elderly investors, ensuring their financial needs are met [10]. Performance and Recognition - As of June 2025, the company managed approximately 140 billion yuan, serving over 19 million clients and generating over 20 billion yuan in returns for investors [11]. - The commitment to long-termism is seen as essential for both corporate survival and the safeguarding of residents' wealth, contributing to national strategic goals [11].