On the occasion of the coming of the Spring Festival, I would like to wish all investors and friends a happy New Year and a prosperous Year of the Dragon on behalf of China Industrial Securities Asset Management!
Looking back on 2023, the market is like a fire testing real gold, constantly refining the participants over and over again. However, we still have faith and strength to meet the opportunities and challenges of the era of large asset management.
Xu Xiang, President of China Industrial Securities Asset Management
There are still certain challenges in the market in 2024, and the three major driving factors of consumption upgrading, reform and innovation will become the new source of China's economic growth in the future, but the new momentum is still being cultivated, and the growth of the old momentum as a whole is gradually slowing down. During the period of switching between the old and new kinetic energy, it is normal for there to be certain bumps. However, we believe that there is no need to worry too much, short-term long-term problems, and amplify short-term problems, and there will still be some structural highlights in the market in 2024 that people can look forward to. From a longer-term perspective, the current overall valuation level is in the value range.
Looking back at the asset management industry, it has been more than five years since the implementation of the new asset management regulations, and all kinds of asset management formats have undergone tremendous changes. As a grain of millet in the vast ocean of the asset management industry, Industrial Securities Asset Management sprouted in September 2000 in the Asset Management Department of Industrial Securities, from scratch, from small to large, with ups and downs, it has been nearly 24 years, and what has remained unchanged all the way is the inheritance of active management and the insistence on the origin of asset management. In November 2023, China Industrial Securities Asset Management was officially approved to carry out public offering business and enter the field of public offering.
Adhere to the asset management origin of "entrusted by others, manage money on behalf of others", and put the interests of customers first, which is the principle that we must not lose.
Innovation is the gene that has flowed in the blood of China Industrial Securities Asset Management since its birth, and the asset management business of securities companies has its own flexibility. Based on the comprehensive strength of investment and research, China Industrial Securities Asset Management will focus on the two major business directions of "fixed income +" and public offering transformation, fully promote online and offline channel cooperation, expand regional business coverage, establish wealth management business clusters, and continuously improve service professionalism. At the same time, it digs deep into the needs of wealth management and institutional customers, gives full play to its innovative advantages, continuously enriches and improves the company's product line layout, combines its own investment and research capabilities and channel advantages, develops flagship products, and forms a serial issuance of advantageous products.
In 2024, China Industrial Securities Asset Management will also celebrate the 10th anniversary of the establishment of an independent subsidiary, and China Industrial Securities Asset Management is grateful for the trust and trust of investors and partners, and will continue to provide high-quality products and services to holders diligently and responsibly, comprehensively improve investment research capabilities, and create long-term and stable investment returns. Here, I wish all investors and partners once again a new year, all wishes come true, and the spirit of Longma!