值此 " 十四五 " 收官与 " 十五五 " 谋划的关键节点，中国基金报记者对话融通基金总经理 商小虎，探寻这家央企背景基金公司的转型密码，展望其未来五年的战略蓝图。 【导读】融通基金总经理商小虎：以国有资本运营特色筑牢护城河，走创新发展新路径 中国基金报记者 方丽 当金融强国建设成为时代命题，差异化、特色化正成为公募基金行业突破同质化竞争的关键 抓手。对于 2022 年并入中国诚通、实现华丽转型的融通基金而言，这一方向更显清晰 —— 以央企基因赋能业务创新，打造以央企特色为核心的第二增长曲线，在服务国有资本运营与 居民财富管理的双轮驱动中开辟新赛道。 三年多以来，融通基金管理规模增加超千亿元，增幅近 50% ；投研一体化有序推进，投研实 力持续进阶，央企主题产品矩阵不断丰富，从科创、 ESG 到红利领域，构建起覆盖多类型的 特色产品体系。这一系列成绩背后，是融通基金投研体系的迭代升级，更是对央企金融机构 使命的深刻践行。 融通基金总经理 商小虎 转型三年成效显著 规模业绩双升的核心逻辑 中国基金报：融通基金并入中国诚通已三年有余，其间公司发生了哪些显著变化？ 商小虎： 2022 年并入中国诚通后，融通基金正 ...

证券时报记者 沈述红 2024年8月市场低迷时期，融通中证诚通央企科技创新ETF逆势发行，并创下17.85亿元的年度主题指数 ETF募集规模最高纪录，验证了这一策略的市场认可度。商小虎指出，"在市场底部发行，虽然难度较 大，但它为投资者创造了更好的安全边际。" 投研革命： 2022年3月，当证监会核准中国诚通成为融通基金的实际控制人时，外界目光多聚焦于其股东背景的变 迁。少有人预见到，一场由内而外的"基因改造"，已在这家有着20多年历史的公司悄然启动。 截至2025年6月底，融通基金资产总规模为3398亿元，创历史新高，较并入中国诚通前增加1079亿元， 增幅近50%；公募资产规模达1543亿元，较并入中国诚通前增长近35%，非货资产管理规模的排名也有 所提升。 "我们通过服务国资央企、培育新质生产力、服务居民财富管理，在激烈市场竞争中走出差异化、特色 化的道路，实现结构性突破与可持续的弯道超车。"融通基金总经理商小虎如此定义公司正在打造的第 二增长曲线。 守正创新：从同质化竞争 到"央企指数工厂" "在150多家公募基金公司中，融通基金的差异化在哪里？"其中的答案，并非来自对热门赛道的盲目追 逐，而是始于回 ...

2022年3月，当证监会核准中国诚通成为融通基金的实际控制人时，外界目光多聚焦于其股东背景的变 迁。少有人预见到，一场由内而外的"基因改造"，已在这家有着20多年历史的公司悄然启动。 截至2025年6月底，融通基金资产总规模为3398亿元，创历史新高，较并入中国诚通前增加1079亿元， 增幅近50%；公募资产规模达1543亿元，较并入中国诚通前增长近35%，非货资产管理规模的排名也有 所提升。 "我们通过服务国资央企、培育新质生产力、服务居民财富管理，在激烈市场竞争中走出差异化、特色 化的道路，实现结构性突破与可持续的弯道超车。"融通基金总经理商小虎如此定义公司正在打造的第 二增长曲线。 作为投研出身的总经理，商小虎对公司核心竞争力有着深刻的理解。 守正创新：从同质化竞争 到"央企指数工厂" "在150多家公募基金公司中，融通基金的差异化在哪里？"其中的答案，并非来自对热门赛道的盲目追 逐，而是始于回归本源的思考——作为国有资本运营公司旗下公募机构，融通基金董事长张威明确 了"服务国有资本运营"和"服务居民财富管理"双轮驱动的发展战略。 战略既定，融通基金迅速调整方向，开始深耕一个看似传统却潜力巨大的领域—— ...

Group 1: Institutional Movements - The internationalization process of public funds is continuously advancing, with institutions frequently "going abroad" [1][2] - On July 30, Rongtong Fund's subsidiary successfully launched its first public fund product in Hong Kong, providing overseas investors with more channels to invest in Chinese assets [1][2] - The China Securities Regulatory Commission (CSRC) has approved the establishment of a subsidiary in Singapore by Xingzheng Global Fund, indicating a gradual expansion of overseas business capabilities [2][3] Group 2: Acceleration of Public Fund Internationalization - The CSRC has issued guidelines to enhance the supervision of securities companies and public funds, promoting high-level openness and supporting qualified foreign institutions to establish operations in China [3] - The public fund industry is expected to take on greater responsibilities and promote representative quality indices to overseas markets [3] Group 3: ETFs Entering Overseas Markets - Multiple ETFs have been launched in overseas markets this year, including the launch of the Aoming E Fund ChiNext ETF in Singapore on July 22 [4] - The first ETF tracking the China Securities Index Dividend Index was successfully listed in Singapore in March, marking a significant step in cross-border investment tools [4] - Several ETFs have also been listed in Brazil, facilitating easier access for Brazilian investors to invest in the Chinese market [4][5]

Core Viewpoint - Rongtong International successfully launched its first public fund, the Rongtong US Dollar Money Market Fund, in Hong Kong, marking a significant step in its asset management business [1][4]. Group 1: Company Development - Since merging with China Chengtong, Rongtong Fund has established a "dual-driven" development model focusing on state-owned capital operations and resident wealth management [4]. - The launch of the public fund is a crucial step in expanding Rongtong International's international business, enhancing its competitiveness in the global asset management sector [4][5]. Group 2: Product and Market Strategy - The money market fund serves as an essential cash management tool in the Hong Kong market, providing investors with a safe, liquid, and yield-generating investment option [4]. - Rongtong International aims to continuously improve its professional service capabilities and promote product innovation, aligning with global economic trends to offer diversified investment solutions [4]. Group 3: Collaboration and Resource Sharing - The investment advisor for the fund, Chengtong Asset Management, leverages the group's strong resource integration capabilities and professional investment team to ensure the fund's stable operation [5]. - Both Rongtong International and Chengtong Asset Management share resources and complement each other's strengths in asset management and capital operations, enhancing their international business expansion [5].

Core Insights - Rongtong Fund's wholly-owned overseas subsidiary, Rongtong International, successfully launched its first public fund, the Rongtong US Dollar Money Market Fund, in Hong Kong, marking a significant advancement in its asset management business [1] - The fund is managed by Rongtong International, with China Chengtong (Hong Kong) Asset Management Co., Ltd. serving as the investment advisor [1] Group 1 - Since joining China Chengtong Group, Rongtong Fund has established a "dual-driven" development model focusing on state-owned capital operations and resident wealth management [1] - The company aims to develop a "two-winged" growth strategy that integrates domestic and international business [1] - The issuance of public fund products is a crucial step in Rongtong International's international business layout, enhancing its product system to meet diverse investor needs [1] Group 2 - Money market funds are a vital component of cash management tools in the Hong Kong market, providing investors with a balance of safety, liquidity, and returns [1] - This initiative is expected to enhance the depth and breadth of Hong Kong's international financial center, increasing its market competitiveness [1] - Rongtong International plans to continue its commitment to a uniquely Chinese financial development path, improving professional service capabilities and promoting product innovation [1]

Core Viewpoint - Rongtong Fund's wholly-owned overseas subsidiary, Rongtong International, successfully launched its first public fund in Hong Kong, marking a significant step in its international business expansion [1] Group 1: Fund Launch - Rongtong International issued the Rongtong US Dollar Money Market Fund, with Rongtong International as the manager and China Chengtong (Hong Kong) Asset Management Co., Ltd. as the investment advisor [1] - The fund aims to provide investors with a combination of safety, liquidity, and yield, addressing the diverse needs of different investors in the Hong Kong market [1] Group 2: Strategic Development - Since merging with the state-owned capital operation company China Chengtong Group, Rongtong Fund has established a "dual-driven" development model focusing on state-owned capital operation and resident wealth management [1] - The company is building a development framework that integrates domestic and international business, enhancing its competitiveness in the international asset management sector [1]

Core Viewpoint - Rongtong Fund's wholly-owned overseas subsidiary, Rongtong International, successfully launched its first public fund in Hong Kong, marking a significant step in its international business expansion [1] Group 1: Company Development - Rongtong Fund has established a "dual-driven" development model focusing on serving state-owned capital operations and resident wealth management since its integration into China Chengtong Group [1] - The launch of the Rongtong US Dollar Money Market Fund is part of Rongtong International's strategy to enhance its product offerings and meet diverse investor needs [1] Group 2: Market Positioning - The newly issued fund aims to provide investors with a combination of safety, liquidity, and yield, addressing the demand for cash management tools in the Hong Kong market [1] - The issuance of public fund products is expected to strengthen Rongtong Fund's competitiveness in the international asset management sector [1]