作者：新浪仓石基金 在《推动公募基金高质量发展行动方案》里，专门有一部分聚焦"大力提升公募基金权益投资规模与占 比"—— 这事儿不只是让基金行业多做某一类产品，更能帮普通投资者分享经济增长的收益，也是公募 基金实现高质量发展的关键一步。 首先，监管会从"方向上"帮权益基金走稳。以后评价基金公司时，会更看重权益类基金的相关表现，比 如权益基金规模、业绩好不好，用这种方式引导基金公司把更多精力放在权益投资上。另外，还会出台 专门的指引，让公募基金能更合理地用金融衍生品做风险管理，这样基金经理做权益投资时，能更好地 应对市场波动，投资行为更稳。 其次，权益基金的"产品选择"会更丰富。一方面，会支持主动管理的权益基金搞创新，比如推出更 多"管理费跟着业绩走"的产品 —— 业绩好管理费才高，业绩差管理费就低，这样基金和投资者的利益 能绑得更紧。另一方面，会大力发展指数基金，不管是场内还是场外的都算，还会多做符合国家战略的 主题指数基金，比如围绕科技、绿色发展这些方向的，让投资者能方便地布局自己看好的领域。甚至还 会研究试点新的场外宽基指数基金，给大家多一种低成本投大盘的选择。 专题：北京公募基金高质量发展系列活动 新时 ...

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]

Core Viewpoint - The article discusses the launch of a series of activities aimed at promoting the high-quality development of public funds in Beijing, emphasizing the importance of investor education and protection in line with the regulatory framework established by the China Securities Regulatory Commission [1] Group 1: Industry Transformation - The public fund industry is transitioning from a "scale-oriented" approach to a "value-oriented" one, with the emergence of initiated funds as a key vehicle for high-quality development [2] - Initiated funds have seen significant growth, with over 2,000 funds and a total scale exceeding 3.3 trillion yuan, of which equity initiated funds account for 49%, an increase of 38 percentage points since 2020 [2] Group 2: Zhongyou Fund's Initiated Fund Strategy - Zhongyou Fund has been exploring the initiated fund model since 2018, creating a matrix of equity initiated funds that focus on long-term value and investor needs [3] - The fund's strategy includes investing in sectors aligned with national priorities, such as new energy and high-end manufacturing, while also catering to diverse risk preferences among investors [3] Group 3: Value Creation Framework - Zhongyou Fund's approach to initiated funds is based on a threefold value creation framework: interest binding, long-term investment, and value creation [4] - The interest binding mechanism links the earnings of fund managers and research teams directly to investor returns, fostering trust and aligning interests [5] - Long-term investment strategies allow the fund to focus on the growth of quality companies, minimizing the impact of short-term market fluctuations [7] - A robust research and risk management system supports the fund's ability to create value, ensuring thorough industry analysis and stock selection [8] Group 4: Promoting Inclusive Finance and Investor Education - Zhongyou Fund actively promotes inclusive finance and investor education through various outreach initiatives, helping investors understand the significance of long-term investment and the mechanics of the initiated fund model [9] Group 5: Commitment to High-Quality Development - The ongoing development of initiated funds by Zhongyou Fund aligns with the regulatory emphasis on prioritizing investor interests and reflects a commitment to the core principles of public funds [10]

当前，我国公募基金行业正迈入高质量发展的新阶段。中国证监会发布的《关于加快推进公募基金行业 高质量发展的意见》（以下简称《意见》）为行业发展指明了前进方向、提供了根本遵循。中加基金深 刻认识到，《意见》所擘画的蓝图，不仅是监管的指引，更是行业自身转型升级的内在要求。中加基金 积极探索以数字化转型作为关键驱动力，将《意见》精神全面融入公司战略与实践，致力于为投资者创 造长期、稳定、可持续的价值回报。 一、深刻领会《意见》精神，筑牢高质量发展思想根基 《意见》的核心在于推动行业从规模导向转向能力导向、从高速增长转向高质量发展。通过全面学习 《意见》的十六项具体要求，将其精髓概括为："以投资者利益为核心，以投研能力为根本，以风控合 规为保障，以改革创新为动力"。 高质量发展绝非一句空谈，它意味着： • 投资行为的长期化：摒弃短期排名冲动和追逐热点的投机倾向，坚持深度研究、价值投资、长期持 有。 • 客户服务的陪伴化：改变传统的"重销售、轻服务"模式，建立与投资者风险收益特征相匹配的全周期 陪伴服务体系。 • 公司经营的稳健化：强化内部控制与风险管理，确保运营安全合规，实现长期稳健经营。 登录新浪财经APP 搜索【信 ...