Group 1: Industry Overview - The public fund industry in China is entering a critical phase of deepening reform and improving quality, focusing on enhancing investment capabilities, optimizing customer experience, and increasing investor trust [1][2] - A series of activities titled "High-Quality Development of Public Funds in Beijing" has been launched, aiming to strengthen investor education and protection, promote industry transformation, and enhance the ability to serve the real economy [1] Group 2: Policy and Regulatory Framework - The implementation of the "Personal Pension Implementation Measures" in November 2022 marks the institutional advancement of the third pillar of China's pension system, providing a foundation for financial services in personal pension investments [2] - By September 2025, the catalog of personal pension products will include various options such as savings, insurance, wealth management, and public funds, with public fund products reaching 304, catering to diverse age groups and risk preferences [2] Group 3: Company Initiatives - Pengyang Fund has prioritized personal pension business, successfully including a target risk FOF fund and an equity index fund in the personal pension product catalog, offering differentiated choices for investors [2][3] - The company has established a professional investment team and a rigorous research and risk control system for managing pension target FOF products, ensuring long-term stability in investment structures [3] Group 4: Product Strategy - Pengyang Fund focuses on market-representative broad-based indices for its index products, providing transparent and efficient solutions for investors seeking long-term excess returns [3][4] - The index products are designed to minimize style drift risk and are positioned as reliable core components in pension accounts, aligning with the ongoing high-quality development of the financial market [4] Group 5: Investor Education and Future Outlook - Pengyang Fund actively engages in investor education through online and offline initiatives, promoting the importance of long-term investment and asset allocation for retirement savings [5] - The company aims to continue optimizing its pension product line and enhancing investment knowledge dissemination, contributing to the sustainable development of the elderly financial ecosystem in China [5]