Public offering funds bid farewell to "guaranteed returns in all scenarios" as performance benchmarks become a hard ruler.

The recently introduced "Action Plan for Promoting the High-Quality Development of Public Fund Industry" explicitly proposes to strengthen the constraints on fund product performance benchmarks. It has long been observed that under the assessment system centered around overall market rankings, the public fund industry has not paid enough attention to the performance benchmarks, resulting in some drawbacks that have troubled the market. According to industry insiders, the introduction of the "Action Plan" will truly transform the performance benchmarks into important criteria for constraining investment behavior, measuring product performance, and defining fund positioning. This new approach of "anchoring to performance benchmarks" is expected to encourage fund investments to return to their original purpose and further optimize the investment and product ecosystem in the industry.