公募费率改革进入“关键一步” 年降费约300亿元

Group 1 - The core viewpoint of the news is the reform of public fund sales fees, which aims to prioritize investor interests and reduce their costs, fostering a healthier industry ecosystem [2] - The reform encourages fund sales institutions to shift from a "scale-oriented" approach to an "investor return-oriented" model, leading to a reduction in various sales fees, thereby lowering investor costs [2][3] - The establishment of the FISP platform aims to enhance direct sales channels for public funds, providing a centralized, standardized, and automated service for institutional investors [1] Group 2 - The fee reform is structured in three phases, with the first phase reducing management and custody fees for actively managed equity funds, resulting in an annual benefit of approximately 14 billion yuan for investors [3] - The second phase focuses on lowering trading commission rates for fund stocks, with a cap of 0.26% for passive equity funds and 0.52% for other types, benefiting investors by about 6.8 billion yuan annually [3] - The third phase targets reductions in subscription and redemption fees, which could save investors around 30 billion yuan each year, cumulatively exceeding 50 billion yuan in annual savings across all phases [3]