Hive Fund Chen Shiyong: Putting investors first, small and medium-sized fund companies are embracing the opportunity for distinctive development.

Recently, the "Action Plan for Promoting the High-Quality Development of Public Offering Funds" was released. Fengchao Fund General Manager Chen Shiyong stated that the "plan" focuses on investor returns and long-term industry development, proposing measures such as optimizing fund operation models, improving industry assessment and evaluation systems, and increasing the scale and proportion of public offering fund equity investments. It clearly states that it is necessary to explore and establish a new development model for public offering funds that is suitable for China's national conditions and market conditions, providing a comprehensive set of policy measures to promote the high-quality development of the industry. This also provides guidance for the follow-up work of public offering funds, which is significant and far-reaching. Small and medium-sized fund companies are facing survival challenges and strategic decisions for characteristic development. However, regardless, creating sustained returns for investors is always the foundation and essence. Looking to the future, the path to high-quality development in the industry is gradually becoming clear, and small and medium-sized fund companies are promoting their own transformation and upgrading from multiple dimensions. Relatively speaking, "small and beautiful" small and medium-sized fund companies can more quickly focus on their core strengths and develop their own characteristics, concentrate resources on building core competitive capabilities in investment research, refine their core products with clear styles, and based on their own advantages and characteristics, they can identify specific niche markets, create distinctive boutique products, and strive to achieve overtaking on bends.