专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 摘要：新时代·新基金·新价值——北京公募基金高质量发展在行动 为贯彻落实《推动公募基金高质量发展行动方案》，在北京证监局指导下，北京证券业协会携手北京公募 基金管理人、基金销售机构、基金评价机构及多家主流媒体，共同启动"北京公募基金高质量发展系列活 动"。 本次活动以"新时代·新基金·新价值"为主题，旨在通过为期一个多月的多层次、多形式宣传与互动，强化 投资者教育与保护，推动公募基金行业转型升级，提升服务实体经济能力，打造北京金融高质量发展新名 片。 华商基金积极推动金融、投资知识普及，致力于推广长期投资、理性投资理念，提升公众风险防范意识， 持续为促进行业高质量发展贡献力量。 este BMD《亚美》中的"投资者保护等。 00 《中华人民共和国证券法》（以下简称本 法）的制定初衷是为了规范证券发行和交 易行为,保护投资者的合法权益,维护社 会经济秩序和社会公共利益,促进社会主 十十十十六十十十十 又巾吻绮前可皮肤。 本法设立了投资者保护专章,作出了许多 颇有亮点的制度安排,让我们一起来了解 和学习。 对投资 证券公司向投资者销售证券、提供服务 时 ...

Core Viewpoint - The public fund industry in China is undergoing significant transformation, driven by capital market reforms, diverse wealth management needs, and financial technology innovations, positioning public funds as a crucial link between capital markets and individual wealth [1] Group 1: Industry Development - The China Securities Regulatory Commission issued an action plan in May to promote high-quality development in the public fund industry, outlining a clear blueprint for future growth [1] - Public funds are tasked with serving the real economy, supporting national strategies, and enhancing residents' well-being, emphasizing their critical role in the financial ecosystem [1] Group 2: Investment Research and Capabilities - Investment research capabilities are fundamental to public funds, with the company focusing on building a comprehensive, platform-based, and multi-strategy investment research system [2] - The company is enhancing its investment strategies, including total cycle, healthcare consumption, technology, new energy, quantitative investment, multi-asset allocation, and absolute return strategies, to better respond to market fluctuations and meet diverse investor needs [2] Group 3: Service to the Real Economy - The company aims to align its fund management with the real economy, offering products across various risk-return profiles to cater to different investor types [3] - The company has launched thematic funds in sectors such as innovative technology, new energy vehicles, and high-end manufacturing, focusing on supporting the growth of technology-driven enterprises [3] Group 4: Investor Education and Trust - The company emphasizes an investor-centric approach, aiming to enhance investor experience and promote rational investment concepts through education and service [4] - The marketing team is transitioning from a product sales focus to a customer service orientation, conducting extensive investor education activities in collaboration with authoritative media and institutions [4][5] Group 5: Future Outlook - The public fund industry is at a pivotal moment for high-quality development, with new opportunities and challenges arising from deepening capital market reforms and evolving investor demands [6] - The company is committed to integrating the service of the real economy and national strategies into its development, continuously improving its internal control systems, investment research platforms, and industry culture [6]

Group 1 - The core focus of the article is on enhancing the scale and proportion of equity investments in public funds, which is crucial for both the fund industry and ordinary investors to share in economic growth [1] - Regulatory bodies will prioritize the performance of equity funds when evaluating fund companies, encouraging them to focus more on equity investments [1][2] - There will be an increase in the variety of equity fund products, including innovative actively managed funds with performance-based fees and the development of index funds aligned with national strategies [2] Group 2 - New registration arrangements will expedite the availability of equity funds, allowing for quicker access to quality products for investors [2] - Sales institutions will be evaluated not only on the volume of funds sold but also on the performance and retention of equity fund investors, promoting a focus on genuinely profitable funds [3] - The measures outlined aim to ensure that equity investments in public funds are stable, diverse, and aligned with investor needs, ultimately enhancing the role of public funds in serving the real economy and managing wealth [3]

这些考核和激励的改革，其实是给公募基金行业"优化"—— 从"拼规模、看短期"转向"重收益、顾长 期"。当基金公司和基金经理都把"投资者赚钱"当成核心目标，行业才能摆脱浮躁，实现真正的高质量 发展；而咱们普通投资者，也能更放心地通过基金理财，真正享受到行业发展的红利。 MACD金叉信号形成，这些股涨势不错！ 其次，监管评基金公司好坏的标准也更实在了，现在会重点看"投资者有没有赚钱、赚了钱的人占比多 少""基金有没有跑赢自己定的目标""权益类基金做得怎么样"。那些能长期做好的基金，加分比以前多 了一半，这就逼着基金公司把心思放在"帮投资者长期盈利"上，而不是搞短期噱头。 再者，基金评奖也不看"短期排名"了。过去有些评奖只比一两年的成绩，容易让基金经理急着"赚快 钱"。现在要求评奖得看五年以上的长期业绩，还得结合投资者的盈亏情况，那些不专业、靠短期排名 吸引眼球的评奖机构会被清出去，避免误导大家选到"昙花一现"的基金。 最后，基金经理的奖金也和长期业绩挂钩了。以前可能赚了快钱就拿奖金，现在不行了：基金公司、高 管和基金经理得自己买自家基金"跟投"，奖金还得延期拿。如果基金三年以上都跑不赢目标，基金经理 的奖金会明显 ...

为贯彻落实《推动公募基金高质量发展行动方案》，在北京证监局指导下，北京证券业协会携手北京公 募基金管理人、基金销售机构、基金评价机构及多家主流媒体，共同启动"北京公募基金高质量发展系 列活动"。 7*24小时分类接收投资者诉求。投资者根据自身诉求类别，通过对应栏目提交诉求。 专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 下面特别为大家介绍12386服务平台——它为广大投资者搭建了一条快速响应、高效处理的诉求解决渠 道，无论是投诉纠纷、还是业务咨询，投资者可以通过这里得到专业对接。让我们一起详细了解吧！ 一、接受投诉方式 12386热线电话 服务时间为每周一至周五（法定节假日除外）上午9：00-11：30，下午13：00-16：30。 证监会网站—互动交流—12386服务平台 MACD金叉信号形成，这些股涨势不错！ 责任编辑：石秀珍 SF183 二、接收诉求事项 （一）投诉事项，即投资者反映在购买证券基金期货产品或接受相关服务时，与证券期货市场经营主体 及其从业人员发生民事纠纷的； （二）举报事项，即任何单位和个人举报涉嫌证券期货违法、违规行为，请求证券期货监督管理机构予 以查处的； （三）咨询 ...

专题：北京公募基金高质量发展系列活动 新时代、新基金、新价值 这次改赎回费，对咱们普通投资者好处不少：能少点短期炒作，让大家更愿意长期拿着基金，不用总买 总卖亏手续费；基金里的钱也不会大起大落，基金经理能更专心搞长期投资，咱们赚钱的概率也更高。 对整个基金行业来说，销售机构会更用心做服务，行业环境会越来越好。 作者：新浪仓石基金 公募基金这些年一直在调整赎回费的规矩，其实就是为了把行业环境理顺，让公募基金能更好地发展， 最终也能帮到咱们普通投资者。 以前的时候，有些投资者把基金当成短线炒作的工具，买了没几天就卖，还有机构靠大资金量搞短期套 利。这样一来，基金正常的投资节奏被打乱了，咱们这些打算长期拿着基金的人，利益也受影响。所以 2017年证监会就定了规矩：除了货币基金和ETF之外，要是买基金持有还不到7天就赎回，得收不低于 1.5% 的赎回费，而且这钱全归到基金里，不让短期炒作的人随便捣乱。 后来基金行业规模越来越大，光靠限制短期套利，已经不够让行业好好发展了。之后监管层就出了个 《公募基金行业高质量发展行动方案》（简称《行动方案》），里面明明白白说要"保护长期投资者的 利益""让基金销售机构更愿意做好长期 ...

Core Insights - The Chinese public fund industry is entering a critical phase of deepening reform and enhancing quality, with a total scale surpassing 36 trillion yuan by August 2025, reaching 36.25 trillion yuan, marking a new era for the industry [1][2] Group 1: Policy and Industry Transformation - The China Securities Regulatory Commission (CSRC) released an action plan on May 7, 2025, aimed at promoting high-quality development in the public fund industry, focusing on performance-based floating management fees and long-term assessments [2][3] - The action plan signifies a historic shift from prioritizing scale to emphasizing returns, addressing long-standing investor concerns and promoting a "investor-centric" core value [2][3] Group 2: Floating Management Fee Mechanism - The floating management fee mechanism will be implemented for newly established actively managed equity funds, linking management fees to performance against benchmarks, thus aligning fund company revenues with investor returns [2][3] - Fund companies are required to ensure that investor return metrics account for at least 50% of their assessment criteria, while performance metrics for fund managers must account for at least 80% [3] Group 3: Value-Driven Practices - The public fund industry is expected to play a greater role in serving the real economy and meeting residents' wealth management needs, fostering a virtuous cycle of returns leading to capital inflows and market stability [4] - Companies like Harvest Fund are enhancing their investment research systems and actively participating in the issuance of innovative floating fee products, aiming to create a product system that shares risks and benefits with investors [4][5] Group 4: Investor Education and Engagement - Investor education is a key focus for companies, with efforts to improve financial literacy through innovative and personalized educational tools, combining online and offline strategies [4] - The future vision for public funds is to serve as a bridge connecting industrial development with residents' wealth, ensuring that investor interests are integrated throughout governance, product issuance, investment operations, and assessment mechanisms [5]

Group 1 - The core viewpoint of the article emphasizes the transition of the public fund industry from scale expansion to quality enhancement, guided by the "Action Plan for Promoting High-Quality Development of the Public Fund Industry" [1] - The Action Plan highlights the importance of long-term, stable, and professional management, aligning with the mixed asset business's characteristics [1] - The mixed asset strategy serves as a crucial tool for balancing risk and return, connecting capital markets with the real economy, and meeting diverse wealth management needs of residents [1] Group 2 - The Action Plan opposes the excessive pursuit of short-term performance and scale rankings, advocating for a focus on deep value discovery based on fundamentals and long-term investment philosophy [2] - The company aims to enhance its asset allocation capabilities by strengthening its research team and exploring new investment tools and strategies [2] - The company is committed to creating long-term, stable, and sustainable investment returns for investors, with a focus on risk control and product innovation [2]

Core Viewpoint - The "Draft for Public Offering Fund Sales Fee Management Regulations" aims to reduce investor costs, translating into tangible benefits for investors through specific fee reduction measures, expected to save investors 30 billion yuan annually, with a total of over 50 billion yuan saved in three years [1][2]. Fee Reduction Measures - The draft includes fee reductions during both the transaction and holding phases. For transaction fees, the maximum subscription fee for equity funds is reduced from 1.5% to 0.8%, and for mixed funds from 1.5% to 0.5%. For bond funds, the fee decreases from 0.8% to 0.3% [2]. - For example, investing 10,000 yuan in a mixed fund reduces the subscription fee from 150 yuan to 50 yuan, and for bond funds from 80 yuan to 30 yuan, significantly lowering entry costs [2]. Holding Phase Benefits - In the holding phase, management fees for actively managed equity funds decrease from 1.5% to 1.2%, saving 30 yuan annually on a 10,000 yuan investment. Passive products like the CSI 300 ETF see a more substantial reduction from 0.5% to 0.15%, saving 350 yuan annually on a 100,000 yuan investment [2]. - Sales service fees are also adjusted, with reductions for various fund types, and fees are waived entirely after one year of holding [2]. Long-term Investment Advantages - The fee reductions result in visible savings for investors. For a 10,000 yuan investment held for one year, total fees drop from 210 yuan to 110 yuan, leading to over 1,000 yuan saved over ten years. The longer the investment is held, the more significant the cost advantage becomes [3]. - This initiative is not merely a promotional discount but represents a crucial step towards high-quality development in the public fund industry, focusing on investor benefits and fostering a more regulated investment environment [3].

Group 1 - The core viewpoint emphasizes the commitment of Guohong Asset Management, a subsidiary of Yimin Fund Management, to high-quality development in the public fund industry, aiming to be a key player and innovation engine in this sector [1] Group 2 - The company adheres to a differentiated operation strategy, leveraging past business experiences and subsidiary positioning to establish a collaborative mechanism between the parent and subsidiary, achieving complementary advantages [2] - Guohong Asset is expanding its asset categories and building core capabilities in "alternative investments," including asset securitization (ABS/ABN), infrastructure REITs, private debt, and derivatives, aligning support for the real economy with client investment needs [2] - The firm focuses on customer demands by providing customized solutions, utilizing the flexibility of private products to meet the complex needs of institutional and high-net-worth clients [2] Group 3 - The company has established a stricter risk control system than ever before, adhering to the principle of "substance over form" and implementing thorough management practices [3] - A professional talent cultivation and recruitment mechanism has been established, promoting a corporate culture centered on "people-oriented, professional excellence" to guide all business actions [3] - Guohong Asset is exploring operational outsourcing to reduce back-office costs while concentrating human resources on core investment research and market activities, aiming to create a professional and high-quality asset management platform [3]