重磅改革！公募连夜开会研讨，影响究竟有多大？

Core Viewpoint - The article discusses the release of the "Action Plan for Promoting High-Quality Development of Public Funds" by the China Securities Regulatory Commission, which aims to address existing issues in the fund industry and proposes a series of reform measures to enhance the relationship between fund companies and investors [2][9][10]. Group 1: Reform Measures - The plan addresses issues such as "guaranteed returns" and "scale-oriented" practices in the fund industry, proposing actionable reforms [2][9]. - Fund companies are actively holding meetings to dissect the plan and implement specific tasks, focusing on product layout and performance evaluation [3][4]. - The plan encourages the innovation of floating fee rate mechanisms and emphasizes the need for performance assessments to shift from net asset growth to relative benchmarks and investor returns [4][5]. Group 2: Product Development - Fund companies are expected to develop more floating fee rate products linked to fund performance and investor returns, promoting long-term holding [3][7]. - There is a growing interest in creating low-volatility products and asset allocation products to meet diverse investor needs [4][8]. - The introduction of clear performance benchmarks is anticipated to enhance investor confidence and attract long-term capital into the stock market [8][10]. Group 3: Compliance and Risk Management - The plan emphasizes the importance of compliance and risk management, urging companies to strengthen their proactive and forward-looking compliance measures [5][6]. - Fund companies are expected to align their operations with the new compliance requirements to ensure stable and regulated business practices [5][12]. Group 4: Industry Response - Major fund companies have expressed support for the plan, highlighting its potential to reshape the industry and enhance investor satisfaction [9][10][11]. - The plan is seen as a critical step towards optimizing the fund industry's operational philosophy and investment behavior, ensuring that investor interests are prioritized [10][11]. Group 5: Future Expectations - The article notes that additional detailed regulations will be introduced to support the implementation of the plan, including guidelines for performance benchmarks and sales fee management [12][13]. - There is an expectation for the industry to shift from a sales-driven model to a client-focused advisory approach, aligning the interests of sales institutions with those of investors [13].