Core Viewpoint - The launch of the floating fee rate fund, Guangfa Value Steady Mixed Fund (024448), is seen as a significant step in aligning fund manager incentives with investor returns, but the effectiveness of this new fee structure remains to be tested in the market [2][12]. Fund Structure and Management - Guangfa Value Steady Mixed Fund adopts a dual fee structure of "base management fee + performance fee," where the management fee is set at 1.5% if annualized excess returns exceed 6%, and reduced to 0.6% if excess returns are negative and below -3% [2][12]. - Wang Mingxu, the proposed fund manager, has a mixed track record, with some funds significantly underperforming their benchmarks [3][11]. Performance Analysis - Wang Mingxu currently manages over 10 billion yuan across seven products, with notable performance discrepancies; for instance, Guangfa Balanced Preferred Mixed Fund (010379) has returned -3.4% since his appointment, lagging its benchmark by 6.3 percentage points [3][11]. - Over the past three years, more than 60% of Guangfa's actively managed equity products have underperformed their benchmarks by over 10 percentage points, raising concerns about the alignment of management compensation with investor returns [11][12]. Employee Compensation and Shareholding - Guangfa Fund's employee shareholding platform has distributed nearly 600 million yuan in dividends over the past five years, with significant amounts going to top executives, highlighting a disparity between management income and investor returns [5][8]. - The shareholding structure includes several high-ranking executives, indicating a strong financial incentive tied to the fund's performance, yet the actual returns for investors have been disappointing [6][12]. Regulatory Context - The floating fee rate initiative is part of a broader regulatory push to reform the public fund industry, aiming to better align fund company revenues with investor returns and establish a performance-based incentive system [2][12]. - The regulatory framework emphasizes the need for fund managers to be held accountable for long-term performance, with penalties for those consistently underperforming [12].

公司实际控制人、董事长、总经理辛洪萍系珠海思普睿的执行事务合伙人，持有珠海思普睿40.31%的 合伙企业份额；公司现任董事会秘书兼财务总监王贤诚持有珠海思普睿10.67%的合伙企业份额；现任 监事罗锋持有珠海思普睿5.10%的合伙企业份额；现任监事刘文超持有珠海思普睿5.97%的合伙企业份 额。 中国经济网北京5月12日讯金钟股份（301133）(301133.SZ)昨日晚间披露公告称，股东珠海市思普睿投 资合伙企业(有限合伙)(以下简称"珠海思普睿")及珠海市思普投资合伙企业(有限合伙)(以下简称"珠海思 普")计划自公告披露之日起15个交易日后的3个月内以集中竞价或大宗交易方式减持公司股份合计不超 过985,000股，占公司总股本比例0.92%。 珠海思普睿、珠海思普为公司首次公开发行股票上市前设立的员工持股平台。 其中，珠海思普睿计划减持公司股份不超过470,000股，占公司总股份的0.44%；珠海思普计划减持公司 股份不超过515,000股，占公司总股份的0.48%。减持价格根据减持时二级市场价格确定，且不低于公司 首次公开发行股票的发行价格。 截至公告披露日，珠海思普睿持有公司1,874,997股， ...

中国经济网北京4月23日讯神州细胞(688520.SH)昨晚披露的股东减持股份计划公告显示，公司于近日收到6名股东暨员工持股平台送达的《关于股份减持 计划的告知函》。 截至公告披露日，北京神州细胞生物技术集团股份公司(以下简称"公司"或"神州细胞")股东暨员工持股平台南昌神州安元企业管理咨询合伙企业(有限合伙) (原天津神州安元企业管理咨询合伙企业(有限合伙)，以下简称"神州安元")直接持有公司股份21,900,000股，占公司总股本的4.92%；南昌神州安恒企业管 理咨询合伙企业(有限合伙)(原天津神州安恒企业管理咨询合伙企业(有限合伙)，以下简称"神州安恒")直接持有公司股份7,300,000股，占公司总股本的 1.64%；安义神州安隆企业管理咨询合伙企业(有限合伙)(原天津神州安平企业管理咨询合伙企业(有限合伙)，以下简称"神州安隆")直接持有公司股份 1,825,000股，占公司总股本的0.41%；安义神州安成企业管理咨询合伙企业(有限合伙)(原天津神州安成企业管理咨询合伙企业(有限合伙)，以下简称"神州 安成")直接持有公司股份1,825,000股，占公司总股本的0.41%；安义神州安乾企业管理咨询 ...