Guide capital towards technological innovation; public fund institutions focus on enhancing investors' sense of gain

Author: Chang Xiaoyu, Fang Lingchen

On March 6, at the Fourth Session of the 14th National People’s Congress, during the economic-themed press conference, China Securities Regulatory Commission Chairman Wu Qing addressed hot topics such as high-quality development of the capital market, better service for technological innovation and new productive forces, risk prevention, and strengthened regulation to respond to market concerns.

In response, many public fund institutions stated that they will adhere to long-termism and professionalism, actively guiding financial “fresh water” into the field of technological innovation. At the same time, they will always prioritize investors’ interests, enhancing investors’ sense of gain through sustainable performance and high-quality services.

Guiding Financial “Fresh Water”

Precisely Flowing to Technological Innovation

In recent years, a new round of technological revolution and industrial transformation has accelerated, with major global capital markets actively reforming to adapt to innovation trends. Wu Qing said: “From China’s actual situation, whether it is cultivating and expanding emerging industries, proactively planning for future industries, or innovating and greening traditional industries through intelligent transformation, the capital market’s functions need to be further leveraged to accelerate the integration of technological and industrial innovation. The development of new productive forces will support higher-quality development of the capital market and bring better, sustained returns to investors.”

“Technological innovation is the core element of developing new productive forces. Tech innovation companies often feature high investment, long cycles, and significant operational uncertainties, with valuation logic different from traditional valuation systems,” said E Fund. They will continue to strengthen core investment research capabilities, optimize and iterate the research system, expand the breadth and depth of research into new industries, new business models, and new technologies, improve research and valuation capabilities for tech innovation companies, better play the roles of value discovery and resource allocation, and guide financial “water” flow into key areas of technological innovation. This will serve the development of new productive forces more precisely and effectively, promote a virtuous cycle of “technology—industry—finance,” and help cultivate and expand new growth drivers.

Bosera Fund believes that industrial upgrading, especially technological innovation, will remain a key policy focus in the future. As an important force supporting China’s technological industry development, public funds can demonstrate the broad prospects of the tech industry through investment results, encouraging more capital to flow in.

“Huatai-PineBridge Fund always places strategic importance on investments in the tech sector, systematically building a deep research and investment system covering cutting-edge fields such as artificial intelligence, semiconductors, new energy, and biomedicine,” the fund explained. By continuously strengthening the research team, deepening understanding of the laws of technological innovation and corporate growth paths, improving product layouts in related fields, and optimizing long-term assessment mechanisms, Huatai-PineBridge aims to enhance its ability to serve medium- and long-term capital, attracting more financial resources to high-quality tech innovation enterprises.

Prioritizing Investors’ Interests

Always Putting Them First

Regarding the development of the public fund industry, Wu Qing stated that efforts should be made to “deepen reforms of public funds, guide and encourage public funds to adhere to long-termism and professionalism, uphold the public nature of public funds, and always prioritize investors’ interests.”

According to China Merchants Fund, as an important vehicle for inclusive finance and a professional institutional investor in the capital market, public funds always uphold the fiduciary duty of “trusteeship and loyalty,” playing a vital role in serving national strategies, maintaining market stability, and improving the quality and efficiency of direct financing.

CITIC Fund believes that the current phase of the public fund industry has entered a new stage of high-quality development, which means the industry has shifted from traditional scale competition to a more comprehensive development focusing on corporate governance, research and development strength, and compliance and risk control.

Placing investors’ interests first has become a consensus among interviewed public fund institutions. E Fund stated: “We will always prioritize functionality, adhere to long-termism and professionalism, continuously improve product systems suitable for medium- and long-term funds, optimize our ability to serve such funds, and enhance investors’ sense of gain through sustainable performance and high-quality services. This will attract more patient capital into the market via public funds, help establish a sound ‘long-term investment’ market mechanism and ecosystem, better serve the real economy and national strategies, and meet residents’ wealth management needs.”

Huitianfu Fund said: “In the future, Huitianfu will continuously improve investment management and asset allocation capabilities, actively practice rational, long-term, and value investing concepts, and leverage professional investment skills, stable product performance, and first-class customer service to excel in the ‘Five Major Articles’ of finance. We aim to contribute to residents’ wealth preservation and appreciation, promote stable capital market operation, support the healthy development of the real economy, and help build a strong financial nation.”

Bosera Fund added: “Using AI and other new technologies, we will enhance the intelligence of customer interaction and asset allocation, continuously improve multi-asset pricing and allocation capabilities, and strengthen support for fields such as technological innovation, green transformation, and inclusive elderly care around the ‘Five Major Articles’ of finance. We will continue to integrate into the broader goal of building a strong financial nation, demonstrating the responsibilities and actions of asset management institutions in serving national development and reform of the capital market.”

CITIC Fund stated: “We will focus closely on investors’ gains, centering on clients, and promote the implementation of relevant policies.”

China Merchants Fund said it will continue to optimize product offerings, strengthen research and development, reinforce compliance and risk control, improve customer service, and work alongside various medium- and long-term funds and the real economy. We aim to share the results with investors, contribute to the high-quality development of the capital market, and support the modernization of China through professional public fund management.