The Chinese Securities Investment Fund Association convened its Fourth Member Congress in Beijing on the morning of June 6th. The China Securities Regulatory Commission (CSRC) Chairman, Wu Qing, addressed the assembly, outlining the goal of achieving breakthrough progress in building first-class investment institutions during the "15th Five-Year Plan" period. To this end, he emphasized the industry must adhere to "Four Persistences": prioritizing compliance to continuously strengthen internal risk management foundations; putting clients first by always prioritizing investor interests; focusing on core functions to better play a role in fostering new quality productive forces; and basing efforts on innovation to persistently enhance the endogenous drivers of high-quality industry development.

On the same day, leaders from numerous public and private fund institutions voiced their perspectives, responding to the objectives of building "first-class investment institutions and a first-class industry association" and the "15th Five-Year Plan" development goals.

CICC President, Wang Shuguang, stated that looking ahead to the "15th Five-Year Plan" period, China's fund industry is poised for further significant development. In serving the construction of a financial powerhouse, industry institutions need to accelerate the building of first-class investment entities, which presents new and higher demands on the sector.

On one hand, it is necessary to continuously enhance investment capabilities around major national strategies such as technological self-reliance and self-strengthening, persistently guide more long-term and patient capital, increase support for strategic emerging industries and future industries, and thoroughly implement the "Five Major Areas of Finance."

On the other hand, as an industry serving hundreds of millions of investors, it must play a greater role in maintaining capital market stability and boosting investor confidence. The aim is to solidify clients' long-term investment conviction and foster a virtuous market ecosystem characterized by "market dynamism, strong returns, and sustained investor entry."