China Commercial Fund: Adhering to Long-Termism and Practicing High-Quality Development

Special Report on the Two Sessions | Fund Institutions Decode the 2026 Government Work Report

At a time when spring tides surge and the oars are set to sail, this year marks the beginning of the “14th Five-Year Plan” period. The significance of the National Two Sessions is special and highly关注 by the market.

The Government Work Report states that the main development目标 for this year are: economic growth of 4.5%-5%, striving for better results in actual work; urban surveyed unemployment rate around 5.5%; over 12 million new urban jobs;居民消费价格涨幅 around 2%;居民收入增长同步 with economic growth;基本平衡 of international payments and receipts; grain产量 around 1.4 trillion jin; and单位国内生产总值二氧化碳排放降低 about 3.8%.

Building on this macro foundation, the report further emphasizes the development of “new quality productivity” tailored to local conditions. Huashang Fund analysis suggests that the “14th Five-Year Plan” will focus on enhancing产业基础能力 and competitiveness,培育新产业新赛道, advancing frontier科技攻关, and提升创新基础能力. It is foreseeable that future产业升级 and科技引领下的高质量发展 will be the main directions for 2026 and the medium to long-term economic development.

Meanwhile, from the perspective of the draft outline of the “14th Five-Year Plan” released during the Two Sessions, the draft continues to emphasize the importance of研发投入 and明确实施碳排放总量和强度双控. This indicates that in the next five years,增量可能更多来自科技和绿色资本形成的贡献, which will also serve as a forward-looking guide for public funds to align with macro trends and optimize asset allocation.

As an important bridge connecting investors and实体经济, Huashang Fund continues to strive to be long-term, patient, and strategic capital. Relying on专业投研能力, it持续布局 in six emerging pillar industries including集成电路, aerospace, biomedicine, low-altitude economy, new energy storage, and智能机器人, providing solid financial support for新质生产力 to “achieve new breakthroughs, explore new paths, create new situations, and attain new成果.”

In the dimension of inclusive finance, public funds, with low investment thresholds and high transparency, have become one of the重要理财工具 for Chinese families. They also play an important role as patient capital in long-term investments such as social security and pensions. Huashang Fund, known for its主动管理能力, offers diverse asset allocation options for investors with different risk preferences, aiming to turn the红利 of the “14th Five-Year Plan” start year into稳健可持续的投资回报 and enhance investors’ sense of gain.

Currently, the global economy is full of uncertainties, but China’s high-quality development provides certainty and continues to inject confidence and strength into the world economy. Looking ahead, Huashang Fund will继续积极响应国家政策, leveraging专业投研能力 to support the country’s high-quality development,守护持有人利益 with a responsible investment attitude, and contribute more to building a金融强国 and increasing人民财富!

Risk reminder: The market carries risks; investment in funds should be慎重.

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