GUANGZHOU, China, Nov. 1, 2023
/PRNewswire/ -- Puyi Fund, a subsidiary of Puyi Group (NASDAQ:
PUYI), and the leading Chinese research and development institution
in asset management and wealth management, Puyi Standard, achieved
strategic cooperation to comprehensively enhance the quality of
investment research services. The parties will embark on empowering
financial institutions with a full-service investment capability
and creating a new ecosystem for investments in financial
institutions.
Puyi Fund is an independent third-party fund sales organization
under Puyi Group, with a fund sales business license issued by the
China Securities Regulatory Commission. To meet the asset
allocation needs of financial institutions, Puyi Fund has developed
an intelligent off-exchange fund trading system called "Puyi
Institution Master". The system 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.
Relying on the basic research support from the Institute of
Trust and Financial Management of the Southwestern University of Finance and Economics,
Puyi Standard is committed to creating value for cooperative
organizations and enhancing the efficiency of the asset management
market by integrating modern data technology and financial
technology. Puyi Standard was the first to build and continuously
update, expand, and maintain the largest all-encompassing asset
management database in China, and
holds several core and patented technologies in the areas of deep
mining of financial data and financial intelligence.
Puyi Fund and Puyi Standard will work together on the "Puyi
Institution Master" platform and offline services. Leveraging Puyi
Standard's financial database, "Puyi Institution Master" enhances
the research section and deepens the data reports of the bank
finance zone, providing more professional and clearer banking
finance data for financial institutions. Relying on Puyi Standard's
research team, "Puyi Institution Master" will further optimize
research reports for the entire asset management line, providing
more professional financial reports for financial institutions in
trust, fund, and asset management plans. In terms of customized
investment research services, Puyi Fund and Puyi Standard launched
in-depth cooperation in various aspects, such as consulting
services, regional research reports, investment education services,
etc., to continuously improve the investment experience of wealth
management institutions, accelerate the investment efficiency, and
empower wealth management institutions' own operation and business
development.
With the cooperation with Puyi Standard, Puyi Fund's investment
and research expertise and the quality of financial data services
will be significantly enhanced. Through the comprehensive
combination of digital services and professionally customized
services, Puyi Fund is able to better meet the diversified needs of
financial institutions. The cooperation will further enhance Puyi
Fund's influence in the financial market and enhance its
competitiveness in the field of financial institution services.
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