Investment Rating - The report provides an investment rating for the industry, categorizing it as "Neutral" with an expected relative performance of -5% to 10% against the benchmark index [9]. Core Viewpoints - The report emphasizes the importance of independent and objective analysis in reflecting the researcher's viewpoints, ensuring that the analysis is not influenced by compensation structures [5]. - The analysis is conducted by a qualified analyst with two years of experience in non-banking research, indicating a level of expertise in the sector [6]. Summary by Relevant Sections - Investment Rating Standards: The report outlines the rating standards based on the relative performance of the industry or company stock against the market, using the CSI 300 index as a benchmark for A-shares [9]. - Analyst Commitment: The report highlights the analyst's commitment to diligent practice and the independence of the research, ensuring that the findings are presented clearly and accurately [5]. - Company Information: The report is published by China Galaxy Securities Co., Ltd., which provides contact information for various regional offices, indicating a structured approach to client engagement [10].
非银行业点评：公募费改持续推进销售费用迎来优化
Yin He Zheng Quan·2025-09-12 06:48