两家头部公募，大动作！

Group 1 - The core point of the news is the establishment of new fund sales subsidiaries by two public fund companies, Huatai and E Fund, which reflects the ongoing transformation in China's wealth management industry towards quality improvement and the deepening of the buy-side advisory model [1][2][5] Group 2 - Huatai Fund has been approved to establish a wholly-owned subsidiary, Huatai Fund Sales (Shanghai) Co., Ltd., with a registered capital of 50 million RMB, focusing on securities investment fund sales [2] - E Fund's subsidiary, E Fund Wealth Management Fund Sales (Guangzhou) Co., Ltd., has officially commenced operations, which is expected to play a significant role in attracting top advisory institutions to Guangzhou [3] - The Guangzhou local financial management bureau emphasizes the importance of E Fund Wealth's operations in building a comprehensive advisory ecosystem and enhancing the financial business environment [3] Group 3 - E Fund's upgraded one-stop financial platform, "e-wallet," now offers full market fund distribution services with zero-fee options for investors, enhancing customer service through professional investment advisory [4] - The industry is witnessing a shift from scale expansion to quality enhancement, with many fund companies accelerating the establishment of sales subsidiaries to adapt to market changes [5] - Experts suggest that subsidiaries often have more flexible incentive mechanisms, which can create favorable conditions for development and enhance team vitality [5]