1、关于公募基金降费！证监会发文 重要程度：★★★★★ 9月5日，证监会网站消息，证监会对《开放式证券投资基金销售费用管理规定》进行了修订，并更名为 《公开募集证券投资基金销售费用管理规定》，现向社会公开征求意见。主要内容包括合理调降公募基金 认购费、申购费、销售服务费率水平，降低投资者成本等。 公募销售费用管理新规，共六章28条，主要包括以下五方面内容： ①合理调降公募基金认购费、申购费、销售服务费率水平，降低投资者成本。 ②优化赎回安排，明确公募基金赎回费全额计入基金财产。 ③鼓励长期持有，明确对投资者持有期限超过一年的股票型基金、混合型基金、债券型基金，不再计提销 售服务费。 ④坚持权益类基金发展导向，设置差异化的尾随佣金支付比例上限。 ⑤强化基金销售费用规范，统筹解决基金销售结算资金利息归属、基金投顾业务双重收费等行业乱象。 2、大幅不及预期！美国8月非农仅录得2.2万人 交易员加大美联储降息押注 重要程度：★★★★ 美东时间周五，美国劳工统计局公布的数据显示，美国8月就业增长超预期放缓，几乎已经陷入停滞，同 时前两月数据再度大幅下修，显示劳动力市场显著恶化，这使得交易员加大了对美联储将从本月开始快速 ...

Group 1 - Foreign financial institutions believe that the current valuation of the Chinese stock market is reasonable, with investors generally expressing optimism about future performance [1] - A-shares have risen 25% since the low in April, while H-shares have increased over 35% since January, but these figures are not high compared to historical performance [1] - The expected price-to-earnings ratios for the Hang Seng Index and the CSI 300 Index are 11 times and 14 times, respectively, significantly lower than previous peaks [1] Group 2 - There has been an increase in the fundraising scale of domestic public and private hedge funds, although subscription volumes are lower than in previous years, indicating further potential for increasing allocations to A-shares [1] - Foreign investors are expected to have a net inflow into A-shares by mid-2025, with holdings reaching 3.07 trillion yuan by June 2025 [2] - Fidelity Fund expresses a positive outlook on the Hong Kong stock market, highlighting its strong economic and social resilience amid complex geopolitical trends [2] Group 3 - The Hong Kong stock market is seen as a preferred destination for international capital seeking rebalancing, due to its higher degree of international integration [2] - There is a growing demand for global asset allocation among residents as China's economic development progresses, positioning the Hong Kong market as a key area for controlled international investments [2] - The focus is particularly on new productivity enterprises in the Hong Kong market, which, despite being in high investment phases, are expected to perform beyond expectations due to policy support [2]