大消息来了！

Group 1: Core Insights - The "Action Plan for Promoting the High-Quality Development of Public Funds" has been introduced, with a series of reform measures and supporting rules expected to be implemented soon [1] - Recent training sessions have been held regarding the "Action Plan," covering topics such as the transition of floating rate funds to conventional status, optimization of bond fund approvals, reduction of sales service fees, and operational requirements for initiating funds [1] Group 2: Floating Rate Funds - A new batch of floating rate funds is expected to transition to conventional status after the National Day holiday, with existing products potentially adjusting based on market conditions after a one-year observation period [2] - Currently, floating rate funds are only applicable to actively managed equity funds, but there is potential for introducing floating rate mechanisms in "fixed income plus" funds in the future [2] Group 3: Bond Fund Approval Optimization - The approval process for bond funds is anticipated to be further optimized, particularly for secondary bond funds with equity positions between 5% and 20%, which may see approval timelines reduced to 15 working days [3][4] - The "Action Plan" aims to guide leading institutions to issue floating rate funds at least 60% of the number of actively managed equity funds within the next year, potentially expanding the "fixed income plus" fund category [4] - Approval speeds for pure bond funds will vary, with retail-targeted bond funds expected to see expedited approvals, while non-retail targeted funds, especially those focused on technology and green bonds, may also experience faster processing [4] Group 4: Sales Service Fee Rate Reform - The "Public Fund Sales Fee Management Regulations" are expected to solicit public opinions soon, with a unified reduction in sales service fee rates for fund products [5] - Retail commissions may remain unchanged, while institutional commissions are likely to decrease, and direct sales channel fees may be eliminated entirely [5] - An industry-wide marketing service platform for institutional investors is set to launch, with direct sales operations of various fund companies transitioning to this platform [5] Group 5: Initiating Fund Operational Requirements - The "Performance Comparison Benchmark Guidelines" are expected to be released within the year, with a unified 3 to 6 months rectification period for the industry [6] - Fund companies will need to organize and publicly announce performance comparison benchmarks for all their public fund products without holding a unitholder meeting [6] - Future revisions to the "Public Fund Operation Management Measures" may allow older products to modify investment scopes without convening unitholder meetings, easing operational requirements for mini and initiating funds [6] Group 6: Fund Performance Assessment - The "Fund Company Performance Assessment Management Regulations" are expected to be published by the end of the year, focusing on fund product performance and investor gains and losses [7] Group 7: Compliance and Information Security - There will be a strict focus on preventing the leakage of fund dividend information, with future scrutiny on behaviors such as leaking dividend information, assisting institutions in tax evasion, and improper benefits transfer during sales [8]