GUANGZHOU, China, Oct. 26,
2023 /PRNewswire/ -- As of October 25, 2023, the third-quarter report of
mutual fund in mainland China has
been disclosed. According to Wind data, over the past three years,
the scale of the mutual fund market has maintained a steady
increase, and currently reaching 27 trillion
yuan. In the fluctuating market conditions, the overall
scale of equity funds is relatively stable, and the index fund has
become an important configuration tool for funds, with the scale
growing against the trend. As an important component of the direct
financing system, the fund industry has played an important role in
asset pricing, market stabilization, the advancement of capital
market reform, and the development of the real economy. The wealth
allocation structure of Chinese residents is undergoing profound
changes.
Puyi Fund is an independent third-party fund sales organization
under Puyi Group (NASDAQ: PUYI), with a fund sales business license
issued by the China Securities Regulatory Commission. Committed to
the principle of buyer's advisory, Puyi Fund is committed to
providing a comprehensive range of family financial asset
allocation services for individual investors and a financial
technology service platform that provides diversified financial
services for institutional investors. With excellent market-wide
resource integration capabilities, professional investment research
capabilities, and a product evaluation system, Puyi Fund selects
high-quality products and partners across the market and builds a
full-category, open-ended product shelf system to meet personalized
asset allocation needs under various scenarios.
For the family investment and financial life scenarios, Puyi
Fund provides individual investors with full-lifecycle service
companionship, including multi-account management, financial
product transaction, fund portfolio strategy, financial
information, investor rights and interests protection, and so on.
Puyi is customer-centric, emphasizing the customer's experience
throughout the investment process, insisting on accompanying
customers in the long term, and helping more investors achieve
sustainable long-term returns. As of December 31, 2022, Puyi Fund's cumulative asset
allocation service scale exceeds 62 billion
yuan, with a compound annual growth rate of 150.56% from
2015 to 2022.
Puyi Fund provides institutional investors with comprehensive
solutions, including public and private equity fund research
support, allocation recommendations, intelligent online
transactions, etc. It also provides corporate clients with
comprehensive financial services, such as capital liquidity
management, employee finance, and shareholder investment.
Simultaneously, "Puyi Institutional Pass", the intelligent OTC fund
trading system for institutional investors, aims to provide
institutional investors with personalized trading functions,
diverse product portfolios, and systematic investment and research
systems, delivering a more professional, efficient, and intelligent
trading experience. As of September 30,
2023, the platform has a total of 120+ cooperative
institutional clients, covering industries such as banks,
insurance, trusts, securities dealers, futures, private equity, and
enterprises.
In terms of mutual funds, Puyi Fund has access to 111 mutual
fund companies in the whole market, with 100% access by the top 20
fund companies, 84% access by the top 50 fund companies, 81% of
mutual fund managers with assets under management of 100 billion,
and access to nearly 8,300 mutual fund products and more than 20
customized investment adviser strategies. It caters to the various
investment needs of individual and institutional investors through
money market funds, bond funds, index funds, and other
categories.
In terms of private equity funds, Puyi Fund has meticulously
selected over 30 fund managers in the entire market, of which 38%
are managers overseeing assets exceeding 10
billion yuan and above, and 29% are managers with 5
billion-10 billion. Specifically, there are 43 private equity
products and 9 customized products, covering a wide range of
mainstream investment strategies in the market. Considering various
dimensions such as investment threshold, liquidity period,
manager's management scale, and other dimensions to meet the
allocation requirements of different categories of investors.
Furthermore, investor rights and interest protection are
important foundations for the stability and healthy development of
financial markets. Since its establishment in 2010, Puyi Fund has
always placed the protection of investors' rights and interests at
the top of its agenda. Through strict screening systems, sales
supervision, compliance reviews, risk alerts, and complaint
handling, Puyi Fund ensures a safe and equitable investment
environment for investors. As an independent third-party sales
organization, Puyi Fund inherently possesses neutrality and
impartiality, without any conflicts of interest with investors.
Puyi Fund is able to better protect the rights and interests of
investors.
In the future, Puyi Fund will continue to uphold the concept of
buy-side advisory, take advantage of the independent third-party
sales organization, and provide investors with more comprehensive
and professional asset allocation services. Meanwhile, Puyi Fund
will actively engage in advancing and developing efforts to protect
investor rights within the entire financial industry.
About PUYI
Headquartered in Guangzhou,
China, Puyi is a leading third-party wealth management
service provider in China focusing on affluent and
emerging middle class population. Puyi provides a series
of comprehensive financial asset allocation services including
wealth management services, asset management services, insurance
consulting services, trust consulting services and ancillary
services for clients.
Safe Harbor Statement
This press release contains
forward-looking statements as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
statements concerning plans, objectives, goals, strategies, future
events or performance, and underlying assumptions and other
statements that are other than statements of historical facts. When
the Company uses words such as "may," "will," "intend," "should,"
"believe," "expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of the third-party wealth management industry in China; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions in China and the international markets the
Company serves and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the Securities and Exchange Commission. For these reasons,
among others, investors are cautioned not to place undue reliance
upon any forward-looking statements in this press release.
Additional factors are discussed in the Company's filings with the
U.S. Securities and Exchange Commission, which are available for
review at www.sec.gov. The Company undertakes no obligation to
publicly revise these forward‐looking statements to reflect events
or circumstances that arise after the date hereof.
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SOURCE PUYI