More than 20 fund managers showcase their actual performance online, causing concerns within the industry that this may lead to the commercialization of their investment strategies.

According to incomplete statistics, currently at least 20 fund managers have publicly traded funds on third-party platforms such as Ant Fortune and Tian Tian Fund, with total trading amounts ranging from 40,000 to 4 million RMB. Among them, the total trading amounts of six fund managers, including Yao Jiahong and Ma Fang from Guojin Fund, Liang Xing from Guotai Fund, Liu Junwen from Xinyuan Fund, Lei Tao from Debon Fund, and Guo Xiangbo from Tianhong Fund, have exceeded one million RMB. Statistics show that fund managers' actual trading investments have all achieved positive returns. Some fund managers have accumulated more than 1 million RMB in trading profits, and some have doubled their trading profits, reaching as high as nearly 130%. The public display of actual trading operations by fund managers has also caused some controversy, such as possible compliance risks, potential irrational herd behavior among investors, or the potential for it to be used as a marketing tool. Overall, investors generally welcome fund managers publicly displaying their actual trading on platforms like Ant Fortune and Tian Tian Fund. The public display of actual trading by fund managers has brought about many positive effects, such as most of these actual trading accounts being established during recent years of poor market conditions, fund managers leading the way in making contrarian purchases to boost investor confidence; fund managers combining actual trading to express their views, helping to strengthen interaction with investors; and fund managers mostly using methods such as weekly and monthly regular investments, which can guide investors to develop good investment habits.