On August 26, Jiashi Fund successfully hosted a seminar on "Building Index Investment Ecosystem to Facilitate Medium and Long-term Capital Market Entry" in Beijing. Representatives from regulatory authorities, Jiashi Fund, Future Asset Global Investment (Hong Kong) Limited, CITIC Securities, Galaxy Futures, and various other institutions gathered for in-depth discussions and practical exchanges.
Jiashi Fund stated that attracting medium and long-term capital into the market is a systematic project. Building a healthier, more efficient, and more resilient index investment ecosystem together, guiding more medium and long-term capital into the market, and better serving national strategies requires all market participants to work in the same direction and unite their efforts.
Liu Bin, Chief Investment Officer of Smart-Beta and Index Investment at Jiashi Fund, shared the company's exploration of asset selection and allocation strategy paths under the passive investment wave, emphasizing the importance of asset allocation and alternative strategies such as options in the ETF era. He stated that Jiashi Fund is fully leveraging the company's investment and research platform's comprehensive capabilities in macro, strategy, and industry research, using a comprehensive and continuously innovative product system as the foundation, and employing systematic and dynamic index investment platforms and ETF toolkits as carriers to build professional and diverse index solutions and multi-strategy service systems to meet investors' various index allocation needs.
Chang Jiu, Head of Smart Beta and Index Investment Ecosystem Business at Jiashi Fund, shared insights on covered call strategy practices as a new path for medium and long-term capital market entry, combining relevant data and specific cases to demonstrate advanced applications of derivative strategies in ETF allocation.
The representative from Future Asset Global Investment (Hong Kong) Limited shared practical perspectives on achieving more stable asset allocation through ETF product allocation and covered call option strategy applications. Beyond investment experience exchange, the representative also expressed that the growth and ecosystem improvement of derivative instruments help increase allocation by medium and long-term capital, showing optimism about the long-term investment value of the A-share market.
Liu Weiliang, Co-Head of Equity Derivatives Business at CITIC Securities, analyzed related obstacles and solution exploration practices for medium and long-term capital market entry from a market maker's perspective. Facing current market conditions and challenges, he proposed that market making mechanisms are expected to further play core functions in enhancing market liquidity and activating market trading activity.
Huang Xiaoting, Head of Asset Management Department at Galaxy Futures, stated that the pain points for medium and long-term capital market entry include high safety requirements, high liquidity requirements, pursuit of stable returns, and high difficulty in large-scale asset allocation. Futures asset management can utilize futures risk transfer and price discovery functions to provide refined, low-cost, and highly efficient solutions for medium and long-term capital. Regarding barriers and challenges faced by futures asset management, she hopes to better serve medium and long-term capital market entry through industry collaboration and shared construction.
The meeting reached consensus that building a healthy, diverse, and collaborative index investment ecosystem is an important lever for attracting medium and long-term capital into the market. All market participants should continue strengthening cooperation and jointly promote product innovation, strategy optimization, and investor services to support the high-quality development of China's capital markets.