2023 is the first year to fully implement the spirit of the 20th CPC National Congress, and it is also the 25th year of the development of our country's public fund industry. Forge ahead and write a splendid chapter, and the mission urges to start again.
Over the past 25 years, thanks to the opportunities brought by the rapid development of the national economy, the deepening of capital market reforms, and the expansion of residents' wealth management needs, the public fund industry has achieved leapfrog development. First, the system is increasingly developed, laying a more solid foundation for the standardized and steady advancement of the fund industry. The regulators insist on equal emphasis on rule-based regulation and principle-based regulation, and establish and continue to improve the fund regulatory system. The governance and operation of fund companies have become more standardized, and their anti-risk resilience has become stronger. Second, the market players’ capability has been continuously deepened, and high-quality development is endogenously driven. Under the guidance of regulators, the industry has continuously improved its professional capabilities, focused on enhancing its cultural soft power, and steadily moved towards high-quality development. Third, the scale of the industry continues to grow, and the functional positioning of inclusive finance continues to be highlighted. By the end of 2022, our country's fund investors have exceeded 700 million, the number of public funds has exceeded 10,000, and the management scale has exceeded 26 trillion yuan.
While realizing its own growth and expansion, the public fund industry is deeply rooted in a sense of responsibility for family and country, consciously shouldering the mission of the age, and striving to create more value for the society. We play an active part in the country’s growth and actively contribute to the real economy and the capital market. By the end of 2022, public funds invest in 5.5 trillion yuan stocks in A-share market, accounting for 8.76% of the market value of A-share market, becoming an important institutional investor in the capital market. In terms of investment, the industry focus on national strategic areas and optimize the allocation of market resources. The second is to serve the growing wealth management needs of residents as the initial purpose of the industry. Improve comprehensive service capabilities, actively promote managers' reasonable profit-sharing products, fund investment advisory and other innovative products and business forms, carry out diversified investment education activities, improve investors' profit experience, and meet the diversified and all-weather financial management needs of various customers. The third is to practice social responsibility and contribute to the enhancement of social well-being. Participate in the construction of the pension security system and become the main force in pension investment management. Deepen ESG investment, help achieve dual carbon goals, and promote the unification of economic and social benefits. Increase participation in social welfare undertakings, serve the national rural revitalization strategy, and improve social welfare.
The achievements in the past 25 years are hard-won and inspiring. Looking forward, inspired by the spirit of the 20th CPC National Congress, fund companies should continuously accelerate the construction of a new development pattern for the industry, enhance the overall development connotation of the industry, and build a modern capital market with Chinese characteristics. In the great process of comprehensively building a modern socialist country, strive to assume more responsibilities and play a greater role.
GF Fund will adhere to abide by the origin of the industry, keep in mind the original mission, uphold the concept of "professional value creation, customer interests first", serve the real economy and residents' wealth management with professionalism, promote the better function of market resource allocation, and strive to improve investors' income. feel. At the same time, actively fulfill the responsibility of the fund industry, inject new momentum into the company's development with new development concepts, and contribute to the high-quality economic and social development.