The performance comparison benchmark factor database and operating instructions of public funds have been issued to industry institutions.

On November 4th, it was learned that the "Operating Instructions for the Benchmark Element Database of Public Fund Performance Comparison" has been recently issued to industry institutions. It is understood that in order to encourage public funds to increase equity investment and clarify investment styles, the benchmark database currently mainly includes stock indices, divided into Class A and Class B. Class A includes indices with strong market representation and high recognition, encouraging fund managers to select and use them in developing actively managed funds in a standardized manner to improve comparability of performance between products; Class B considers innovation and differentiation, including indices with a certain frequency of use and large market capitalization, providing an effective supplement to Class A. According to statistics, there are 69 indices included in Class A, and 72 indices included in Class B, including broad-based, sector-specific, and strategy-specific indices. In addition, the Fund Industry Association will regularly or irregularly organize expert groups to evaluate and decide on the inclusion, removal, and adjustments between Class A and Class B of benchmark elements. The expert group sets up a dynamic monitoring mechanism, initiating evaluations of benchmark elements entering or exiting the database on a quarterly basis, and evaluations of adjustments between Class A and Class B every six months.