On April 26, the CSRC issued the opinions on accelerating the high-quality development of the public fund industry (hereinafter referred to as the opinions), and put forward 16 specific opinions from four aspects: actively cultivating professional asset management institutions, Comprehensively Strengthening Professional capacity-building, striving to create a good development ecology of the industry and continuously improving the efficiency of regulatory transformation, so as to further firmly deepen reform and solidly promote regulatory transformation, Accelerate the construction of a new development pattern of the public fund industry.
GF said that in recent years, with the continuous optimization of China’s economic and financial environment and the deepening reform of the capital market, China’s public fund industry has shown a rapid development trend. 16 opinions on the long-term development of the public fund industry, timely guide the industry and guide the industry to move forward firmly in the direction of high-quality development.
The Star River is brilliant, looking at the Big Dipper, standing bravely at the head of the tide and rising with the waves. Achieving high-quality development is the fundamental path for the public fund industry to effectively improve its ability to serve the reform and development of the capital market, the wealth management needs of residents, the real economy and national strategy. It is also the only way for the future development of the industry and the interests of investors to improve and make progress together. Gf will deeply understand the spiritual essence of the opinions, adhere to the interests of investors as the core, closely focus on the main line of high-quality development, put 16 specific opinions through all aspects and links of the company’s future development, deepen and implement the road of high-quality development, and strive to add energy and reserve for the high-quality development of capital market, economy and society.
adhere to the interests of investors
At present, it is a critical period for China’s public fund industry to achieve rapid development and achieve historic development achievements. According to the data, by the end of March 2022, there were 152 public fund managers in China’s public fund industry, including 138 fund companies and 14 asset management institutions qualified for public fund management. The total scale of public fund, private asset management business and entrusted pension assets managed exceeded 32 trillion yuan, newly becoming the largest industry in China’s asset management industry.
At the critical stage of the development of the public fund industry, the opinions was issued at the right time, providing comprehensive and detailed guidance for correctly handling the relationship between scale and quality, development and stability, efficiency and equity, high growth and sustainability on the road of high-quality development of the industry.
In recent years, with the continuous improvement of investors’ sense of trust, fund investment is gradually becoming an important choice for family financial asset investment. “Entrusted and managed by others” is the basic orientation of the fund industry. The public fund industry must always adhere to the core of investors’ interests, adhere to the principle of giving priority to investors’ interests, and help the public to maintain and increase the value of financial management and pension. This is not only the original intention of the industry, but also the mission of industry development, but also the due meaning of high-quality development.
On the one hand, efforts should be made to enhance the sense of access to financial investment and promote the preservation and appreciation of residents’ wealth. Public funds should not only practice their professional skills in investment management, but also repay the trust of holders with good performance; At the same time, we should also do a good job in investor education and investor companionship, guide more long-term and rational investment behavior and financial management methods through fund investment advisers, publicity and promotion, optimize the profit experience, help more Lbx Pharmacy Chain Joint Stock Company(603883) effectively enjoy the good returns brought by fund investment, and continue to make professional contributions to meeting the people’s yearning for a better life.
On the other hand, we should vigorously develop pension finance and help improve the level of national pension security. Public funds are an important part of the pension investment service system at home and abroad. At present, China is facing the deep-seated problems of declining fertility and increasing aging. Solving the problem of providing for the aged has become a common test faced by the state, society and individuals. Public funds need to more actively assume the main responsibility, participate in the construction of the third pillar of pension, and promote the continuous improvement of pension services and the steady appreciation of pension funds.
At the strategic level of the company, gf will always implement the concept of “starting from customer needs and creating value for customers”, deepen the business model of “customer-centered” into the company culture, continuously optimize the customer experience, provide customers with better asset management services, and strive to make greater contributions to the preservation and appreciation of residents’ wealth and the cause of national pension.
comprehensively strengthen professional capacity-building
The opinions pointed out that we should actively cultivate professional asset management institutions and comprehensively strengthen professional capacity-building. Professional ability is the foundation of the public fund industry.
Strengthen professional capacity-building, and investment research capacity is the core. Guangfa has always attached great importance to the construction of investment and research specialization, and constantly explored and summarized in practice. Continuously improve the investment ability of stylization and specialization, and promote the diversification and stability of product style; Strengthen the construction of talent team and create a virtuous circle of mutual promotion between the company’s platform and excellent talents; Adhere to the medium and long-term performance orientation and strive to create long-term, stable and sustainable returns for investors.
Strengthen professional capacity-building, and the construction of compliance and risk control is the foundation. In recent years, the regulatory authorities have taken a variety of measures to actively guide the financial industry to prevent and resolve risks. The main body of the industry should also take the initiative to better adapt to the complex market environment in the new era and hold the bottom line. Transparent operation and good risk management ability have always been important factors for the fund industry to win the trust of investors. We should clearly recognize the value of risk management to institutional development. Risk management and development are not opposed. Through risk management, we can more effectively promote development. Public funds should constantly optimize and improve the compliance risk control system, strengthen scientific and technological investment, and control risks by means of financial technology. Enterprises should improve and optimize the top-level design of comprehensive risk management and consolidate the responsibilities of comprehensive risk management. At the same time, we should also promote the innovation of risk management tools with the help of information technology, and improve the refinement, scientization and standardization of risk management while improving the efficiency of risk control.
Business innovation is the driving force to strengthen professional capacity-building. Looking back on the development of the fund industry for more than 20 years, product and business innovation is a Beijing Dynamic Power Co.Ltd(600405) spring to promote the rapid development of the industry. Under the guidance of the regulatory authorities, innovation has injected vitality into the high-quality development of the fund industry in recent years, enriched the tentacles of the fund industry serving the real economy, optimized the ways and methods of the fund industry serving wealth management, and expanded the business boundary and capability boundary of the fund industry. Product and business innovation constantly enrich the asset supply, strategic supply and regional supply of public funds, which requires fund companies to do a good job in the evolution of investment and research ability and the reserve of diversified talents, which provides a richer path choice for fund companies to do a good job in the main business of asset management. As one of the fund companies with rich product and business layout in the industry, Guangfa fund hopes to provide investors with high-quality investment tools in any market environment. In the future, the company will continue to take meeting the wealth management needs of residents as the starting point, with measurable and controllable risks and effective protection of investors as the premise, strengthen product and business innovation and effectively improve its ability to serve the real economy.
help build a good development ecology of the industry
After years of development, the public fund industry has formed an industry ecology with sound system, professional management, portfolio investment, independent custody, openness, transparency and strict supervision based on fiduciary obligations.
In recent years, under the active guidance of the regulatory authorities, public funds have cultivated the cultural concept of the industry, focused on improving the sense of acquisition of investors, actively practiced social responsibility, and helped the industry build a good development ecology.
Healthy and good cultural accumulation is an important “soft power” of an industry. Strengthening cultural construction is a basic project to realize the high-quality development of the industry. The opinions emphasizes the need to highlight the cultural concept of the industry. The industry culture of “compliance, integrity, professionalism and stability” provides spiritual support for the high-quality development of public funds. Cultural construction involves corporate strategy, investment research, internal control and compliance, brand building, reputation management, social responsibility, professional ethics and other aspects. It is a systematic project. Gf will persevere in cultural construction, set an example, advocate the new atmosphere of the industry, show the new image of the industry, establish a correct business philosophy and corporate culture, and actively contribute to creating a good industry development ecology.
In view of the pain point of “products make money, investors don’t make money”, the opinions proposed to focus on improving the sense of acquisition of investors, firmly establish the marketing concept with the interests of investors as the core, urge sales institutions to continuously improve the internal assessment and incentive mechanism, orderly develop fund investment consulting business, and comprehensively strengthen investor education. Focusing on improving customers’ profit experience and sense of gain, gf will continue to actively guide investors to establish a long-term investment concept and obtain a better profit experience through investment advisory business, customer service model, product creation, investor education and other aspects.
The Opinions also put forward higher requirements for the industry, actively practice social responsibility, promote the industry to become a practitioner of “big country”, and play a greater role in serving the national strategy, promoting innovation driven development and economic transformation and upgrading, and promoting common prosperity. As a model of Inclusive Finance, public funds are born with the attribute of social responsibility. With the mission of serving the real economy, they play the role of professional institutional investors, effectively improve the efficiency of resource allocation, promote social direct financing, contribute to the development of the real economy and help maintain and increase the wealth of residents. Fund companies have unique advantages in fulfilling their social responsibilities. They can not only participate in social public welfare projects like other social organizations, but also act as asset managers to promote economic transformation, upgrading and sustainable development by taking advantage of professional investment management ability and financial resource allocation advantages. While realizing its own growth and growth, GF is also constantly thinking about how to better fulfill its social responsibilities. In the future, the company will continue to explore the way to fulfill its social responsibilities, practice Inclusive Finance, improve ESG investment system, devote itself to social welfare, integrate institutional development into the tide of the development of the times, and strive to give full play to the strength of the fund in serving the real economy, building a new development pattern and promoting common prosperity, Create more value for the society.
Standing in the new development stage, the opinions has comprehensively opened a profound change in the public fund industry. Industry institutions should shoulder the heavy burden in the new journey and make persistent progress, so as to win the initiative and win the future, and the road of high-quality development will be wider and wider.
