Core Viewpoint - The Chinese bond market is expected to maintain a bull market over the next 3 to 5 years, although short-term risks should be monitored [1][2]. Group 1: Market Outlook - The 10-year and 30-year government bond yields have been declining, leading to a rapid increase in the yields of financial products, which has created optimistic sentiments among investors [2]. - The anticipated bull market in the bond market is supported by the potential for continued global economic slowdown and relatively weak domestic economic growth [2]. Group 2: Short-term Risks - Current low levels of the 30-year government bond yield raise concerns about potential market corrections [2]. - The company will closely monitor bond market policies, data performance, and funding changes in the coming months to maintain a prudent and flexible asset allocation strategy [2]. Group 3: Product Development - The company has expanded its fixed-income product offerings, including the "Beiyu," "Beisheng," and "Beichun" series, and is on a fast track for development [3]. - Different investment strategies and personnel are allocated based on product types and client risk tolerance, ensuring alignment between product styles and investment manager capabilities [3]. Group 4: Management Experience - The transition from public fund investment management to bank wealth management has allowed the company to adopt a more diversified investment approach [4]. - The bank wealth management sector offers a broader range of asset allocation options, including derivatives and overseas investments, enhancing the company's investment strategies [5]. Group 5: Future Prospects - The company aims to establish fixed-income investment as a hallmark of its brand, leveraging advanced management practices from the global asset management leader [5].