A wide range of asset allocation and participation in innovation: Jing Shun Great Wall China Return Fund, as a flexible hybrid fund, has a stock position of 0%-95%. The broader operating space enables fund managers to better consider macro, market, valuation and other factors in different market environments, flexibly adjust the asset allocation ratio, and give full play to the advantages of active management. In addition, because the CSRC stipulates that bond funds cannot participate in offline subscription of new shares, hybrid funds have obvious advantages in investment strategies and policies, especially as products that pursue absolute returns, it is more meaningful to participate in innovation and increase fund returns.