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Liu Xin, Vice President of Penghua Fund Management: Be more professional, more stable and more responsible, and fully embrace the new wave of high-quality development of large asset management

2024-08-18

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21st Century Business Herald reporter Ye Maisui reports from Guangzhou "According to the latest statistics, as of the first half of 2024, the scale of public fund management has reached 30 trillion yuan for the first time, and the total industry profit has exceeded 4.15 trillion yuan. Under the new situation of high-quality development, public funds will fully embrace the wave of changes in the large asset management industry with more professional investment and a more steady pace, and contribute the strength of public funds to building a good capital market ecology." Liu Xin, vice president and chief marketing officer of Penghua Fund, said the above at the "2024 Asset Management Annual Meeting".

The "Asset Management Annual Conference" started in 2008 and has become one of the most influential events in the domestic asset management industry. This year's "Asset Management Annual Conference" is hosted by "21st Century Business Herald" and co-hosted by Shanghai Pudong Development Bank, with the theme of "Financial Empowerment of New Quality Productivity and New Development of Large Asset Management".

Liu Xin stated at the meeting that since the beginning of this year, the new "Nine National Regulations" have clarified the direction for the high-quality development of the capital market, and put forward the strategic goal of building a safe, standardized, transparent, open, dynamic and resilient capital market. It also emphasized strengthening supervision, preventing risks, and promoting high-quality development as the main line, with the focus on improving the basic system of the capital market, so as to better play the role of the capital market and serve the overall situation of China's modernization.

Under the guidance of the new "Nine National Policies", as an important participant in the capital market, public funds will further strengthen their function of serving the real economy, strengthen the guidance of investor returns, and continue to strengthen investment research capabilities, improve the market ecology of cultivating long-term investments, and effectively enhance the effective protection of investors' legitimate rights and interests. With the gradual implementation of reform measures such as fee reduction and commission reduction, the public fund industry as a whole still maintains tenacious development resilience and steady growth momentum. According to the latest statistics, as of the first half of 2024, the scale of public fund management has entered the 30 trillion yuan mark for the first time, and the total industry profit has exceeded 4.15 trillion yuan. Under the new situation of high-quality development, public funds will fully embrace the wave of changes in the large asset management industry with more professional investment and a more stable pace, and contribute to the construction of a good ecology of the capital market.