2025-11-12 10:58Group 1: Industry Development Perspective - The Chinese capital market is currently in a phase focused on "high-quality development," emphasizing the construction of a financial powerhouse as a national strategy [2] - Regulatory measures are being implemented to enhance market stability and promote high-quality development, focusing on risk prevention and strong regulation [2] - Key strategies include building a capital market ecosystem that supports comprehensive innovation and enhancing investor protection [2] Group 2: Wealth Management Business - The company is committed to being a responsible wealth manager, focusing on high-quality clientele and efficient online operations [4] - There is a strong emphasis on transitioning to a buyer-oriented advisory model and enhancing multi-asset allocation capabilities [4] - The company is integrating AI services to improve customer experience and operational efficiency [4] Group 3: Public Fund Industry - The public fund industry is experiencing steady growth, with total net assets reaching CNY 36.74 trillion by September 2025, an increase of 11.93% from the end of 2024 [5][6] - The introduction of policies aimed at promoting high-quality development in the public fund sector is enhancing service quality and investor returns [5] Group 4: Investment Banking Business - The company aims to support the high-quality development of the real economy and enhance its role as a direct financing service provider [6] - There is a focus on building capabilities in key industry sectors and strengthening market positions in regions like the Greater Bay Area and Yangtze River Delta [6] - The company is advancing its digital transformation and risk management practices to ensure stable growth [6]