公募基金费率改革持续深化，低费率产品数量超过千只

Core Viewpoint - The public fund industry in China is undergoing a significant fee reduction reform, with several major fund companies announcing lower management fees for their products, aimed at reducing investor costs and enhancing their experience [1][4]. Group 1: Fee Reductions by Fund Companies - Yifangda Fund has reduced the management fee for its two bond funds, with the annual management fee for the Yifangda Zhongzhai New Comprehensive Bond Index Fund decreasing from 0.3% to 0.15%, and the Yifangda Investment Grade Credit Bond Fund from 0.35% to 0.3% [3]. - Penghua Fund announced a fee reduction for its Penghua CSI Hong Kong Stock Connect Technology ETF, with the management fee dropping from 0.6% to 0.45% and the custody fee from 0.15% to 0.1%, effective May 9, 2025 [3]. - Huaxia Fund will lower the management fee for its Huaxia CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock ETF and its corresponding fund from 0.5% to 0.15%, and the custody fee from 0.1% to 0.05%, starting May 15 [3]. Group 2: Industry Trends and Regulatory Support - As of this year, the number of products with an annual management fee of 0.15% or lower has exceeded 1,000 for the first time in history, indicating a trend towards lower fees in the industry [3]. - The China Securities Regulatory Commission (CSRC) is actively promoting fee reductions, having implemented the first two phases of management and trading fee reforms, with a third phase targeting fund sales fees expected to save investors approximately 45 billion yuan annually starting in 2025 [4]. - The CSRC's action plan for promoting high-quality development in public funds includes measures to lower investor costs and will introduce regulations to manage public fund sales fees, encouraging timely fee reductions for large-scale index funds and money market funds [4].