What does it mean to explore new formats in ICBC Innovation Power Fund?
The new normal will bring new development opportunities to China, and the fund industry has also seen this trend. The so-called "new normal" refers to the transformation of the characteristics of China's economic development, showing the characteristics of medium and high-speed economic growth, continuous optimization and upgrading of economic structure, and the transformation from factor-driven and investment-driven to innovation-driven. Under the new morphological structure, the industry expects relevant industrial chains, including new technologies, new industries and new formats, to be strongly supported by policies. ICBC Innovation Power Fund will look for the driving force to promote sustained, stable and healthy economic development, and find excellent investment targets in new technologies, new formats and new industries in line with the general direction of China's economic transformation and innovation. The investment scope is more comprehensive than ICBC's information industry.