【导读】3万亿元公募巨头官宣：邹迎光新晋董事长，李一梅任副董事长 资产管理规模超3万亿元的华夏基金，官宣换帅！ 9月30日晚间，华夏基金发布公告称，邹迎光新晋华夏基金董事长，李一梅新晋公司副董事长，任职日期为9 月30日。原华夏基金董事长张佑君因工作需要离任。 | 新任人员职务 | 基金管理人董事长 | | --- | --- | | 新任人员姓名 | 邹迎光 | | 任职日期 | 2025年9月 30日 | | 过往从业经历 | 邹迎光先生于2017年加入中信证券,于2024年12月12日获委任 | | | 为中信证券执行董事。邹先生亦任中信证券党委副书记、总经理、 | | | 执行委员,兼任华夏基金党委书记。邹先生曾于1998年8月至2005 | | | 年12月间先后任华夏证券北京海淀南路营业部机构客户部经理、债 | | | 券业务部高级业务董事,2005年12月至2017年3月间先后任中信 | | | 建投证券债券业务部总经理助理、固定收益部行政负责人、执行委 | | | 员会委员,2017年3月至2023年10月间先后任中信证券固定收益 | | | 部行政负责人、执行委员、党委委员,2023年10月 ...

【导读】3万亿元公募巨头官宣：邹迎光新晋董事长，李一梅任副董事长 资产管理规模超3万亿元的华夏基金，官宣换帅！ 9月30日晚间，华夏基金发布公告称，邹迎光新晋华夏基金董事长，李一梅新晋公司副董事长，任职日 期为9月30日。原华夏基金董事长张佑君因工作需要离任。 | 基金管理人名称 | 华夏基金管理有限公司 | | --- | --- | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》《证券基金经营机构董 事、监事、高级管理人员及从业人员监督管理办法》等相关法律法 规 | | | 新任基金管理人董事长、基金管理人副董事长,离任基金管理人董 | | 人员变更类型 | 事长 | | 新任人员职务 | 基金管理人董事长 | | --- | --- | | 新任人员姓名 | 邹迎光 | | 任职日期 | 2025年9月 30日 | | 过往从业经历 | 邹迎光先生于2017年加入中信证券,于2024年12月12日获委任 | | | 为中信证券执行董事。邹先生亦任中信证券党委副书记、总经理、 | | | 执行委员,兼任华夏基金党委书记。邹先生曾于1998年8月至2005 | | | 年12月间先后任华夏证券北 ...

中国基金报记者 李树超 资产管理规模超3万亿元 的华夏基金，官宣换帅！ 【导读】3万亿 元公募巨头 官宣 ： 邹迎光新晋董事长，李一梅任副董事长 9月30日晚间，华夏基金发布公告称， 邹迎光新晋华夏基金董事长，李一梅新晋公司副董事长 ，任职日期为9 月30日 。原华夏基金董事 长张佑君因工作需要离任。 | 基金管理人名称 | 华夏基金管理有限公司 | | --- | --- | | 公告依据 | 《公开募集证券投资基金信息披露管理办法》《证券基金经营机构董 事、监事、高级管理人员及从业人员监督管理办法》等相关法律法 | | | 规 | | 人员变更类型 | 新任基金管理人董事长、基金管理人副董事长,离任基金管理人董 | | | 事长 | | 新任人员职务 | 基金管理人董事长 | | --- | --- | | 新任人员姓名 | 邹迎光 | | 任职日期 | 2025年9月 30日 | | 过往从业经历 | 邹迎光先生于2017年加入中信证券,于2024年12月12日获委任 | | | 为中信证券执行董事。邹先生亦任中信证券党委副书记、总经理、 | | | 执行委员,兼任华夏基金党委书记。邹先生曾于1998年 ...

Core Viewpoint - The reduction of custody fees by Tianhong Yuerbao, the largest money market fund in the public offering industry, is expected to influence other funds to follow suit, leading to a general decrease in fee levels across the industry [1][3][7]. Group 1: Fee Reduction Details - On September 23, Tianhong Fund announced a reduction in the custody fee for Tianhong Yuerbao from 0.08% to 0.07%, effective immediately [1][3]. - As of the second quarter of 2025, Tianhong Yuerbao's management scale reached 793.22 billion, making it the largest money market fund in the public offering market [3]. - Other fund management companies, including E Fund and Guoxin Guozheng Fund, also announced fee reductions on the same day, indicating a broader trend in the industry [3][4]. Group 2: Industry Impact - The fee reduction is likely to intensify competition within the industry, compelling fund managers to enhance their management capabilities [7][8]. - The average custody fee for money market funds is approximately 0.06% per year, indicating that Tianhong Yuerbao's new fee is still slightly above the industry average [3][6]. - The trend of fee reductions has been evident this year, with around 16 money market funds lowering management fees and 11 reducing custody fees [5][6]. Group 3: Investor Implications - Lower fees will directly reduce investment costs for investors, potentially increasing their actual returns, especially in a low-yield environment [4][8]. - The reduction in fees enhances the attractiveness of money market funds as a cash management tool, particularly as bank deposit rates decline [8]. - The regulatory environment is also pushing for fee reductions to benefit investors, as indicated by the China Securities Regulatory Commission's initiatives [4][7].

记者丨易妍君 编辑丨包芳鸣 视频丨张迎 作为公募行业规模最大、知名度最高的货币基金，天弘余额宝的降费动作引发市场关注。 9月23日，天弘基金公告称，经与基金托管人中信银行协商一致，决定调低天弘余额宝货币基金的托管 费，由原来的0.08%年费率调低为0.07%。调整后费率即日生效。 自公募基金费率改革启动以来，主动权益基金、指数基金、债券基金陆续开启批量降费模式，货币基金 的降费主要在小范围进行。如今，接近8000亿元规模的天弘余额宝调降托管费，意味着什么？ 受访人士向21世纪经济报道记者指出，天弘余额宝降费可能会带动其他大中型货币基金跟随调整费率， 进而推动货币基金的整体费率水平下降。同时，大规模货基降费短期将加剧行业竞争，迫使行业提升管 理能力。此外，于投资者而言，调降货基的管理费率、托管费率，直接降低了投资成本，在货基收益率 普遍偏低的情况下，能减少费率对收益的侵蚀，提升投资者实际回报。 今年以来，货基降费的趋势已有显现。天弘余额宝降费的同一天，易方达基金、国新国证基金分别宣布 将调降旗下一只货币基金的管理费率、托管费率。而东证融汇资管、兴证资管、长江证券资管则公告了 调低货币基金管理费适用费率相关事宜。 ...

9月23日，天弘基金公告称，经与基金托管人中信银行协商一致，决定调低天弘余额宝货币基金的托管费，由原来的0.08%年费率调低为 0.07%。调整后费率即日生效。 自公募基金费率改革启动以来，主动权益基金、指数基金、债券基金陆续开启批量降费模式，货币基金的降费主要在小范围进行。如今，接近 8000亿元规模的天弘余额宝调降托管费，意味着什么？ 受访人士向21世纪经济报道记者指出，天弘余额宝降费可能会带动其他大中型货币基金跟随调整费率，进而推动货币基金的整体费率水平 下降。同时，大规模货基降费短期将加剧行业竞争，迫使行业提升管理能力。此外， 于投资者而言，调降货基的管理费率、托管费率，直 接降低了投资成本，在货基收益率普遍偏低的情况下，能减少费率对收益的侵蚀，提升投资者实际回报。 今年以来，货基降费的趋势已有显现。天弘余额宝降费的同一天，易方达基金、国新国证基金分别宣布将调降旗下一只货币基金的管理费率、 托管费率。而东证融汇资管、兴证资管、长江证券资管则公告了调低货币基金管理费适用费率相关事宜。 记者丨 易妍君 编辑丨包芳鸣 视频丨张迎 作为公募行业规模最大、知名度最高的货币基金，天弘余额宝的降费动作引发市场关注。 ...

货基降费潮来袭？ 作为公募行业规模最大、知名度最高的货币基金，天弘余额宝的降费动作引发市场关注。 9月23日，天弘基金公告称，经与基金托管人中信银行协商一致，决定调低天弘余额宝货币基金的托管 费，由原来的0.08%年费率调低为0.07%。调整后费率即日生效。 自公募基金费率改革启动以来，主动权益基金、指数基金、债券基金陆续开启批量降费模式，货币基金 的降费主要在小范围进行。如今，接近8000亿元规模的天弘余额宝调降托管费，意味着什么？ 受访人士向21世纪经济报道记者指出，天弘余额宝降费可能会带动其他大中型货币基金跟随调整费率， 进而推动货币基金的整体费率水平下降。同时，大规模货基降费短期将加剧行业竞争，迫使行业提升管 理能力。此外，于投资者而言，调降货基的管理费率、托管费率，直接降低了投资成本，在货基收益率 普遍偏低的情况下，能减少费率对收益的侵蚀，提升投资者实际回报。 今年以来，货基降费的趋势已有显现。天弘余额宝降费的同一天，易方达基金、国新国证基金分别宣布 将调降旗下一只货币基金的管理费率、托管费率。而东证融汇资管、兴证资管、长江证券资管则公告了 调低货币基金管理费适用费率相关事宜。 6只货基同日公告降费 ...

9月23日，天弘基金公告称，旗下天弘余额宝货币市场基金托管费将由0.08%年费率调低至0.07%年 费率，自9月23日起生效。 根据天弘基金发布的公告,此次调整仅涉及托管费率，管理费率保持0.3%不变，销售服务费率仍为 0.25%，调整后该基金的运作综合费率为0.62%。 这意味着，此次是该基金成立逾10年以来的首次降费。据2025年半年报，截至6月30日，天弘余额 宝规模为7932.19亿元。本次调低0.01%的托管费用，预计为投资者节约近8000万元成本。 同日，还有2只货币基金宣布降费，且同时调降了管理费率和托管费率。其中，国新国证现金增利 的管理年费率由0.3%下调至0.2%，托管年费率由0.1%调降至0.07%，合计费率下降0.13%；易方达保证 金的管理费年费率由 0.2%调低至0.15%，托管费年费率由0.08%调低至 0.05%。 近年来，降费成为公募基金行业的主基调。9月初，证监会发布关于就《公开募集证券投资基金销 售费用管理规定（征求意见稿）》公开征求意见的通知，要求货币市场基金计提的销售服务费应当不高 于0.15%/年。 一位基金业内人士表示，在当前的低利率时代，货币基金的收益空间本就相 ...

Core Viewpoint - The article discusses the recent regulatory changes in public fund sales fees, emphasizing their significant impact on individual investors and the public fund industry as a whole [3][5]. Summary by Sections Regulatory Changes - The new regulations aim to lower subscription and sales service fees for public funds and redefine redemption fee requirements, mandating a minimum 0.5% redemption fee for investors who redeem before holding for six months [4][6]. Impact on Bond Funds - The introduction of a 0.5% redemption fee for bond funds will discourage individual investors from investing in short-term bond products, as many bond funds have only generated around 0.5% returns this year [7][9]. - Investors are advised to prepare for holding bond funds for at least six months to avoid redemption fees, which may lead to a shift towards bond ETFs for liquidity [9][10]. Changes in Fund Classes - The new rules diminish the advantages of Class C shares, which previously offered lower redemption fees for short-term investors, making Class A shares more appealing for most investors [11][14]. - The article highlights that the previous strategy of using Class C shares for short-term trading will likely become obsolete due to the new regulations [14]. Shift Towards ETFs - The regulatory changes are expected to drive more individual investors towards bond ETFs and other liquid investment products, as public bond funds may lose their role as liquidity management tools [15][18]. - The article notes a growing trend of institutional investors embracing ETFs, indicating a shift in investment strategies within the market [15][16].

Core Insights - The public fund management industry is experiencing a fee reduction trend, yet over half of the fund managers achieved year-on-year growth in management fee income in the first half of 2025, indicating a robust performance amidst challenges [1][2][8] - Leading institutions like GF Fund and Fortune Fund have diversified their product offerings and optimized their product structures, resulting in significant scale highlights across various business types [1][3][4] - The success of certain flagship products, such as ETFs and actively managed funds, has contributed to substantial increases in management fees for these institutions [3][6][7] Group 1: Performance and Growth - In the first half of 2025, GF Fund's management fee income from various products, including ETFs and fixed income, increased by over 10 million yuan year-on-year [2][3] - GF Fund's ETFs, such as the GF Nasdaq 100 ETF and GF Hong Kong Innovation Drug ETF, saw significant scale increases, with the latter achieving a return rate close to 90% and a scale increase of over 8.4 billion yuan [3][4] - Fortune Fund's products also performed well, with its Hong Kong Stock Connect Internet ETF becoming the largest in the market, and its management fee income also increasing by over 10 million yuan [4][5] Group 2: Market Trends and Strategies - The trend of multi-point development is evident, with major public fund managers leveraging their diverse product structures to withstand the pressures of fee reductions [2][3] - The rise of passive investment strategies, particularly through ETFs, has allowed fund managers to enhance their competitive edge while maintaining fee income despite overall fee reductions [8][9] - Institutions are advised to enhance their research capabilities, optimize product structures, and improve customer service to strengthen their core competitiveness and achieve sustainable development [1][8][9] Group 3: Product Highlights - Notable products like the Huaan Gold ETF and Tianhong Yu'ebao have attracted significant investor interest, with the former seeing a holder increase of over 210,000 and a scale nearing 60 billion yuan [6][7] - The actively managed funds, such as Yongying Advanced Manufacturing and Penghua Carbon Neutrality, have also seen rapid growth, with both funds surpassing the 10 billion yuan mark in scale [7][8] - The diversification of product offerings and the ability to capitalize on market trends have been crucial for fund managers in maintaining and growing their market positions [5][6][7]