CSRC: Steadily drop the overall fee rate of the public sale fund industry, guiding short-term trading funds to transform into long-term investment funds

On February 7th, Jinshi Data learned that the China Securities Regulatory Commission issued the implementation opinions of Capital Market on doing the "Five Major Articles" of finance well. To better meet the diversified investment needs of residents, it will promote securities and fund management institutions to accelerate the transformation of wealth management, enrich the spectrum of public sale fund products with different risk-return characteristics, steadily drop the overall fee rate of public sale fund industry, regulate the sales fee mechanism of funds, guide short-term trading funds to become long-term configuration funds. It will improve the rules of the investment advisor system, promote the pilot project of public sale fund investment advisory business to become regular, explore the construction of industry practice standards, cultivate and expand the talent team, and expand the range of investable products in an orderly manner.

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