见证历史！基金经理薪酬重大改革来了，信息量很大

Core Viewpoint - The recently issued "Guidelines for Performance Assessment and Compensation Management of Fund Management Companies (Draft for Comments)" emphasizes the binding mechanism between compensation and performance for fund personnel, aiming to prioritize the interests of fund shareholders and promote the sustainable development of the public fund industry [2][4]. Summary by Sections Performance Assessment System - The guidelines advocate for a performance assessment system centered on fund investment returns, combining quantitative and qualitative methods to determine performance indicators while ensuring consistency and continuity [4][17]. Key Performance Indicators - The guidelines stress the importance of indicators such as "fund product performance" and "profitable investor ratio" [5][17]. - For quantitative assessment, the weight of long-term indicators (over three years) in fund investment returns should not be less than 80% [6]. - For senior management, the weight of fund investment return indicators should be at least 50% [7]. Self-Purchase Requirements - Senior management must use at least 30% of their total performance compensation to purchase the company's funds, while fund managers must invest at least 40% of their performance compensation [9]. Salary Adjustment Mechanism - Fund managers whose performance lags the benchmark by over 10% and have negative profit margins must face a salary reduction of at least 30% [10]. Accountability Mechanism - The guidelines require the establishment of a strict accountability mechanism for compensation management, applicable even to departing employees [11]. Dividend Distribution Constraints - Fund management companies should lower dividend frequency and ratios for funds with poor performance and significant investor losses over the past three years [12]. Compensation Structure Optimization - The guidelines call for an optimized compensation distribution structure, favoring frontline and grassroots employees while controlling salary increases for senior management [14]. Long-term Incentive Mechanism - Fund management companies are encouraged to implement long-term incentive mechanisms linked to the company's development and the long-term interests of fund shareholders [15]. Basic Principles - The guidelines adhere to principles that align with national policies, prioritize shareholder interests, effectively motivate personnel, and balance the interests of shareholders and other stakeholders [17].