Interview With Li Yimei, General Manager Of Huaxia Fund: Seize The Opportunity And Grasp The Opportunity Of Financial Market Opening To The Outside World

In the process of opening up the capital market, the domestic asset management agencies also welcome opportunities.

Not long ago, regulators pointed out the time to abolish the restrictions on foreign capital shares of securities companies and fund management companies. With the gradual lifting of restrictions on foreign capital shares, the industry is heading for a new stage of development.

"Benefiting from the acceleration of the opening up of China's capital market, more and more foreign capital management agencies have been able to enter the Chinese market to develop increasingly rich asset management services. This will bring more advanced investment management concepts to domestic investors, give investors more choices, and also bring more challenges to domestic asset management institutions. How to show our advantages and characteristics in the same competition with foreign institutions, learn from each other's advantages, learn from the outstanding experience of foreign investment management institutions, and provide better services to customers, is a matter that domestic asset management institutions must seriously ponder." Li Yimei, general manager of Huaxia Fund, told the twenty-first Century business reporter.

As one of the leading companies in the industry, Huaxia Fund is also one of the publicly offered public fund companies. Recently, in twenty-first Century, an exclusive interview with Li Yimei, general manager of Huaxia Fund, discussed how to meet market opportunities and meet market challenges in the context of financial openness.

Meeting financial opening opportunities

Twenty-first Century: at present, the pace of opening up the domestic capital market is accelerating. How do you feel and experience as a manager of a public fund company with foreign ownership?

Li Yimei: in the process of opening up China's capital market, the opportunities faced by China's asset management institutions are obvious. First of all, we have the opportunity to go out, which expands our investment scope and enriches investment patterns and investment strategies. In recent years, investors' demand for global asset allocation has been increasing. This also requires domestic resources management institutions to continuously enhance their research and investment capabilities in the global market, especially in overseas markets, and provide effective and convenient investment tools and investment products. The opening of the capital market has given us a broader space for development, so that we can better meet the increasing investment needs of investors.

Secondly, in the process of exchanges and cooperation with overseas institutions, we have more learning opportunities. We can help us improve corporate governance, improve risk management capabilities, enhance product innovation capability and customer service level by absorbing advanced concepts of foreign capital management institutions.

In addition, as China's capital market is opening wider to the outside world, more and more international investors are interested in the Chinese market. As an information management company that knows more about China's local market, we also provide international investors with tools and products to share opportunities for China's economic development through international business and entrusted investment.

Twenty-first Century: what role did the foreign shareholders play in the development of the company?

Li Yimei: on the one hand, we can learn a lot of global advanced investment management concepts, operation systems and investment culture from the communication with foreign shareholders. Combined with China's national conditions, we should digest and assimilate according to local conditions, and then launch products and services that are more suitable for Chinese investors.

On the other hand, the accumulation of foreign shareholders in the overseas market will also help us expand our overseas market and better develop our international business, so that more overseas investors can get to know and understand the Huaxia Fund and participate in and share the investment opportunities brought about by China's economic development through the Huaxia Fund.

Twenty-first Century: in the context of financial liberalization, what are the new layout plans of the company?

Li Yimei: we will continue to steadily promote our international business and strengthen communication and exchanges with foreign institutions. In recent years, Huaxia Fund has benefited from the opening up of capital market, and has established strategic cooperation with many well-known overseas asset management institutions.

For example, in 2016, Huaxia Fund joined hands with Panagora (Panan) to jointly launch the China Ruipan series products based on the risk balance strategy. In 2017, Huaxia Fund became the first fund company to join UNPRI in China to promote the concept of responsibility investment and the promotion and practice of the ESG strategy in China. In addition, it also carried out strategic cooperation with FOF FOF Russell Investments in the world, reached strategic cooperation in AI financial services and MSRA (Microsoft Asia Research Institute), and international cooperation in the pension business with the global pensions expert.

In recent years, strengthening communication and cooperation with internationally renowned information management institutions has become a major feature of the China Fund. We hope to grasp the opportunity of opening to the outside world, give full play to the leading edge of the Huaxia Fund in the field of local investment and research, combine the advanced asset allocation concepts and experience of overseas institutions, further enhance the strength of research and investment, meet the increasingly internationalized asset allocation needs of customers, and provide better products and services for investors.

Investment ability is the foundation of standing.

Twenty-first Century: according to the current development of the company, what is the next plan?

Li Yimei: we know that investment ability is the foundation of our standing. Only by continuously creating returns can we win investors' long-term trust. In the future, Huaxia foundation will continue to adhere to the essence of "entrusted by others and managing customers on behalf of customers". We will take the initiative to act as a fine professional, highlight the main business, improve research capabilities, enrich product types, enhance the level of investment, optimize investment structure, and constantly meet the wealth management needs of the majority of residents.

Next, we will focus on promoting the development of equity funds: first, we must comprehensively upgrade the investment research system, consolidate and enhance the capability of investment and research, and create the 3 system of China investment research and development; two, product diversification and specialization, meet the needs of different investors; three, combine online and offline to enhance the level of investment; four, improve the multi-level pension system in China, and serve more long-term funds; five, vigorously develop the index fund business to meet the era of asset allocation.

Twenty-first Century: today, the public offering industry has gone through 21 years. What expectations do you have for the future development of the industry?

Li Yimei: in the past more than 20 years, the rapid development of China's fund industry has gradually become the mainstay of the capital market. The public offering fund, which carries the mission of Inclusive Finance, has become an important way for the public to share the dividend growth of the capital market and realize the long-term value preservation and increment of wealth. We will grasp the opportunities and challenges of the great asset management era, and enter into the next 20 years with more active innovation and entrepreneurial spirit, so as to provide investors with more professional investment and financial services and better investment experience.