Cai Jing Wang·2025-09-06 04:30Group 1 - Multiple brokerage asset management firms have adjusted their management fees for margin products, with Shenwan Hongyuan Asset Management announcing a reduction to 0.30% for its Shenwan Hongyuan Daily Increase Money Market Fund effective September 2 [1] - Other firms, including Guangzheng Asset Management and Changjiang Asset Management, have also made similar fee adjustments this year, indicating a trend in the industry [1] - The frequent adjustments in brokerage asset management fees are primarily related to fluctuations in money market fund yields, which have entered the "1% era" due to declining market interest rates [1] Group 2 - Maintaining high management fees in the current environment could significantly reduce investors' actual returns after fees, potentially leading to near-zero returns [1] - Lowering management fees temporarily is seen as a necessary choice for institutions to balance product returns and mitigate potential risks [1]