"Guidelines for Performance Benchmarks of Publicly Offered Securities Investment Funds" officially implemented from March 1

Starting March 1st, the “Guidelines for Performance Benchmarks of Publicly Offered Securities Investment Funds” officially came into effect. New products will strictly follow the new regulations, while existing products have a one-year transition period. Industry insiders have revealed that several fund companies have submitted benchmark adjustment plans to regulators and have gone through multiple rounds of communication and optimization. During this process, regulators focus on key issues such as the alignment between benchmarks and actual investments, the reasonableness of benchmark setting, and the priority of adjustments and implementation. They have also imposed more detailed and strict requirements on the submitted materials. For the public fund industry, the adjustment of performance benchmarks is driving fund companies to optimize their investment research and assessment mechanisms. Reforms across the entire chain—including incentives, risk control, products, third-party sales, fund evaluation, and investment advisory services—are also imperative. The industry’s competitive focus is shifting from short-term performance battles to developing product lines and investment capabilities that are logically clear, structurally diverse, and possess long-term vitality. (People’s Financial News)