Core Insights - The article emphasizes the transformation of Rongtong Fund into a state-owned enterprise-controlled public fund company, focusing on innovation and differentiation in the competitive public fund industry [1][2] - The company aims to leverage its central enterprise background to enhance its product offerings and investment performance, targeting both state capital operations and wealth management for residents [1][2] Transformation Achievements - Since merging with China Chengtong, Rongtong Fund has seen its asset management scale increase by over 107.9 billion yuan, a nearly 50% growth [2] - The company has improved its service to state-owned enterprises through a three-pronged approach: index construction, research services, and think tank empowerment [2] - Investment performance has improved with a focus on a platform-based, team-oriented, and integrated research and investment system [2][3] Product Development - Rongtong Fund has developed a diverse product matrix centered around central enterprise themes, including various indices and ETFs [4][10] - The company has launched multiple central enterprise-themed ETFs and actively participates in the development of indices that align with national strategies [4][5] Strategic Goals for the Next Five Years - The company aims to achieve significant changes in three years and elevate its status in five years, focusing on creating benchmark central enterprise-themed index products [6][10] - Key initiatives include strengthening party leadership, optimizing resource allocation in key financial areas, and enhancing product offerings to meet diverse wealth management needs [6][7] Global Asset Allocation - Rongtong Fund is expanding its international business, having established a Cayman Islands fund and launched a public fund in Hong Kong [11][12] - The company aims to support state-owned capital's global expansion while providing domestic investors with access to overseas assets [11][12] Research and Investment System Evolution - The company has transitioned its research and investment system from individual reliance to a structured, platform-based approach [13][14] - Key iterations include breaking down departmental silos, embedding investment decision processes into standardized workflows, and leveraging AI for enhanced research capabilities [14][15] Inclusive Finance Practices - Rongtong Fund has implemented various initiatives to enhance investor experience, including the issuance of thematic ETFs and promoting regular investment strategies [16][17] - The company has focused on reducing fees and enhancing research capabilities to improve long-term returns for investors [18][19]

Core Viewpoint - The article emphasizes the transformation of Rongtong Fund into a state-owned enterprise-controlled public fund company, focusing on leveraging its central enterprise characteristics to drive innovation and growth in the financial sector, particularly in serving state-owned capital operations and wealth management for residents [1][5]. Group 1: Transformation Achievements - Since merging with China Chengtong in 2022, Rongtong Fund has significantly enhanced its service to state-owned enterprises, achieved product innovation, and improved investment performance, marking a clear path of innovative development [5][6]. - The total asset scale of Rongtong Fund reached 339.8 billion yuan by June 2025, an increase of 107.9 billion yuan, representing a nearly 50% growth since the merger [5][6]. - The investment research system has been upgraded, with a focus on a platform-based, team-oriented, and integrated multi-strategy approach, leading to notable performance in active equity investments and fixed income [6][8]. Group 2: Future Strategic Blueprint - The core goal for the next five years is to achieve significant transformation and elevate the company’s status, focusing on developing benchmark central enterprise-themed index products to enhance investor returns [10][11]. - The company aims to strengthen its foundation through party leadership and governance, ensuring that political and organizational advantages translate into core competitive strengths for high-quality development [10][11]. - The strategic focus will include optimizing resource allocation in key national strategic areas such as technology finance, green finance, inclusive finance, pension finance, and digital finance [10][11]. Group 3: Global Asset Allocation - Rongtong Fund is actively building a dual-wing strategy for domestic and international business, with the establishment of its first Cayman-listed fund and successful issuance of a public fund in Hong Kong [16][17]. - The global investment strategy is centered around supporting state-owned capital "going out" and developing QDII funds that align with national strategies, such as technology self-reliance and green development [16][17]. - The company emphasizes long-term investment and aims to provide diversified asset allocation products to enhance participation and benefits for ordinary residents in financial openness [17][18]. Group 4: Investment Research System Iteration - The investment research capability is viewed as fundamental for the long-term development of the fund, transitioning from individual reliance to a systematic platform approach [19][20]. - Key iterations include breaking down asset silos, embedding investment decision processes into standardized workflows, and developing a multi-strategy collaborative approach to adapt to market cycles [20][21]. - The integration of AI technology into the investment research process has significantly improved efficiency, allowing fund managers to focus on in-depth research and decision-making [21][22]. Group 5: Inclusive Finance Practices - Rongtong Fund has implemented various practices to enhance investor experience, including the issuance of thematic ETFs that allow investors to share in the profits of state-owned enterprises [23][24]. - The company has been a pioneer in promoting systematic investment plans, conducting numerous educational activities to guide investors in long-term investment strategies [24][25]. - Efforts to reduce fees and enhance research capabilities are aimed at aligning with investor interests and improving overall investment returns [25].