Public offering fund second batch of performance benchmark adjustment landing industry insider: will not cause impact on the market operation

The second batch of performance benchmark adjustments for public funds has been implemented. On June 26th, more than a hundred fund managers announced adjustments to the performance benchmarks of over a thousand products. Compared to the first batch, the second batch of adjustments has a wider coverage, more products, and a more diverse range of participants. This signifies that the systematic reforms in the public fund industry related to product positioning, investment constraints, information disclosure, and investor protection are further deepening and solidifying. Industry insiders point out that the second batch of benchmark adjustments, carried out in compliance with laws and regulations, prioritize adjusting benchmarks over adjusting holdings, changing the benchmarks specified in contracts without the need for portfolio adjustments. The publication of benchmark adjustment announcements and their formal implementation one month later is not a "trigger for portfolio adjustments" and will not cause disruptions to market operations.