Core Viewpoint - The rectification of broker asset management large collective products is accelerating, with significant changes expected by the end of this year [1][10]. Group 1: Current Status of Broker Asset Management Products - The total scale of existing broker large collective products is 310.4 billion, with the top ten products accounting for 224.9 billion, representing 72.45% of the total [5][4]. - The largest existing large collective product is from Ping An Securities, which has announced a clear plan for liquidation after its extension [7]. Group 2: Product Extensions and Changes - The Galaxy Mercury Cash Added Benefit product, with a scale of 306.7 billion, has extended its duration to December 31, 2025, making it the latest among the top ten products [2][6]. - The extension of the Galaxy product was made to protect the interests of existing investors and will involve changing the management to Galaxy Fund after obtaining regulatory approval [3][8]. Group 3: Regulatory Background and Future Expectations - The rectification process has been ongoing for nearly seven years, with the original deadline set for December 31, 2020, for the public offering transformation [11][10]. - The current expectation is that the end of this year may serve as a final deadline for the rectification of these products [10].