General Manager of Great Wall Qiu Chunyang.
The law is gradually rejuvenated, and the new yuan is enlightened. On the occasion of saying goodbye to the old and welcoming the new, on behalf of all the staff of Great Wall, I would like to extend my heartfelt thanks and best wishes to all investors and friends from all walks of life who care about and support the development of Great Wall.
We have just walked through a challenging 2023 together, with an increasing number of unfavorable factors in the international environment and pressure on the overall performance of the capital market. Under the multiple challenges, stabilizing expectations and restoring confidence have become the main theme of the year, and we will continue to struggle and forge ahead to create a new situation of development.
This year is the first year of the full implementation of the spirit of the 20th National Congress of the Communist Party of China, and important progress has been made in the construction of a modern industrial system. This year is a turning point for the financial industry to usher in major changes, the reform of financial regulators has begun, and the development of finance with Chinese characteristics has opened a new chapter. This year is a critical year for the in-depth promotion of the capital market reform, the registration system has been deepened from the full implementation to the practical and deep, and the "three-end" reform of investment, financing and trading has made concerted efforts to lay a solid foundation for the long-term development of the capital market and effectively improve the quality and efficiency of serving the real economy.
This year, the public offering industry has gone through the 25th spring and autumn season, and has experienced a transformation of consolidating the foundation and opening up a new one, and the industry has been stable and far-reaching. This year, Great Wall ** continued to base itself on the positioning of inclusive finance, adhered to the principle of the supremacy of the interests of holders, became self-reliant and self-reliant, made steady progress and transcendence, continued to forge the core competitiveness of "one excellent and three strong", improved the quality and efficiency of development, and accelerated development. By the end of 2023, the total scale of the company's public asset management exceeded 300 billion yuan, reaching a new high.
We create value with professionalism, adhere to research-driven investment, strengthen the integration of investment and research, and strive to enhance the core driving force of investment and research, creating a number of quality products with both scale and performance, which are widely recognized by the market. We promote win-win results with determination, insist on doing difficult but right things, insist on contrarian issuance at a low market level, and forward-looking layout of a number of new bases in the fields of big technology, big manufacturing, QDII, FOF, quantitative fixed income +, etc., and work with our shareholders' industrial advantages to promote new progress in the REITS business, continue to innovate to meet diversified investment needs, and walk side by side with investors. From online to offline, we have effectively helped investors improve their investment cognition, improve their investment philosophy, continue to practice public welfare culture, actively explore education and public welfare undertakings, and help the rural revitalization strategy, which has been recognized by the People's Corporate Social Responsibility Award. We respect talents, care for employees, and actively advocate and practice the team concept of "simple, efficient, standardized and happy", stimulate the vitality of the talent team, and show promising responsibility.
Looking forward to 2024, we will usher in the 75th anniversary of the founding of the People's Republic of China and enter a crucial year for the implementation of the 14th Five-Year Plan. Although the market fluctuated at the beginning, we believe that "Lingshuang Bamboo Arrow is proud of Xuemei, and it will fight with heaven and earth for spring". At present, China is in a critical period of economic recovery and industrial transformation and upgrading, and economic development is facing more favorable conditions than unfavorable factors. At the same time, in the context of promoting high-quality financial development and building a financial power, the construction of a modern financial system with Chinese characteristics will be accelerated, and the reform and two-way opening up of the capital market will continue to deepen.
There has been Lingyunzhi for a long time, and the Great Wall is popular. In the new year, Great Wall will work hand in hand with the majority of investors to create a better future. Standing at a new starting point, under the guidance of the financial culture with Chinese characteristics, the Great Wall will firmly grasp the political and people's nature of financial work, seize the opportunity, take advantage of the situation, comprehensively enhance the core competitiveness of investment and research, and actively promote the service of the real economy with higher efficiency, serve the people's better life with more practical measures, and integrate into the overall economic and social development with greater initiative, stride forward on the road of high-quality development, and become a respected good company in the public offering industry.
Let's look forward to the spirit of the dragon and horse in China's economic and financial market in 2024, and wish you all good health, smooth work, career progress, and family happiness!