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中国银河证券:公募费改持续推进 助推公募基金行业高质量发展
智通财经网·2025-09-12 03:33

Core Viewpoint - The implementation of the "Public Fund Industry Fee Rate Reform Work Plan" aims to reduce investor costs and enhance satisfaction, promoting high-quality development in the public fund industry [1][2]. Summary by Sections Fund Subscription Fees Adjustment - The upper limits for subscription fees for equity funds, mixed funds, and bond funds have been reduced to 0.8%, 0.5%, and 0.3% respectively, encouraging sales institutions to offer discounts [3]. Redemption Fees - All redemption fees will be fully allocated to the fund's assets, with the upper limit for redemption fees for holding periods between 7 and 30 days increased from 0.75% to 1%, promoting long-term investment [4]. Sales Service Fees Regulation - The upper limits for sales service fees are set at 0.4% per year for equity and mixed funds, 0.2% for index and bond funds, and 0.15% for money market funds, with no sales service fees for holdings over one year [5]. Client Maintenance Fees - For personal investors, client maintenance fees cannot exceed 50% of the management fee, while for non-personal investors, the limits are 30% for equity and mixed funds and 15% for other types, enhancing service capabilities [6].