监管决定，又一基金销售牌照注销

Group 1 - Shanghai Jinggu Fund Sales Co., Ltd. has applied for the cancellation of its public fund sales license, as announced by the Shanghai Securities Regulatory Bureau on August 29 [1] - The cancellation of the license follows a trend where multiple fund companies have recently terminated their distribution agreements with Jinggu Fund, indicating a decline in its operational status [1][2] - Jinggu Fund, established in 2014 with a registered capital of 20 million yuan, is currently listed as "suspended" and its website has been deactivated [1] Group 2 - The fund sales industry is experiencing a "Matthew effect," where smaller sales institutions are struggling, with several having already canceled their fund sales licenses since last year [2] - Many small third-party fund sales institutions have faced difficulties in establishing significant sales volumes, leading to fund companies terminating their partnerships with them [2] - The retail and institutional segments of fund sales present challenges for small third-party institutions, as large internet platforms have a competitive advantage in retail due to their financial application scenarios and traffic support [2]