Workflow
中国证监会就《公开募集证券投资基金销售费用管理规定(征求意见稿)》公开征求意见
证监会发布·2025-09-05 11:57

Group 1 - The core viewpoint of the article is the revision of the "Regulations on the Management of Sales Fees for Publicly Offered Securities Investment Funds" by the China Securities Regulatory Commission (CSRC) to promote high-quality development in the public fund industry and reduce investor costs [2] Group 2 - The revised regulations consist of six chapters and 28 articles, focusing on lowering subscription fees, purchase fees, and sales service fee rates for investors [2] - The regulations optimize redemption arrangements, ensuring that the entire redemption fee is included in the fund's assets [2] - The new rules encourage long-term holding by exempting sales service fees for investors holding stock, mixed, and bond funds for over one year [2] - The regulations maintain a development orientation for equity funds by setting a cap on the payment ratio of trailing commissions [2] - The regulations strengthen the standardization of fund sales fees, addressing issues such as interest allocation from fund sales settlement funds and dual charging in fund advisory services [2] - A direct sales service platform for institutional investors in the fund industry will be established to provide efficient, convenient, and secure services for fund managers [2]