Core Viewpoint - Minsheng Bank is terminating its cooperation with two third-party platforms for public fund distribution in response to the upcoming implementation of the "Regulations on the Management of Commercial Banks' Agency Sales Business" on October 1, 2025 [1][6][8] Group 1: Termination of Cooperation - Minsheng Bank announced the termination of its fund distribution cooperation with the "Huawei Wallet" platform effective September 4, 2025, and with the "Yutong Life" platform effective August 25, 2025 [3][4] - After the termination, users will no longer be able to perform fund-related transactions such as inquiries, subscriptions, redemptions, and changes to dividend methods on these platforms [3][4] Group 2: Future Business Arrangements - Customers can manage their fund holdings through the Minsheng Bank App, but subscription and regular investment services will be closed [4][5] - For fund subscription or regular investment needs, customers are directed to use the Minsheng Bank App's wealth management section [5] Group 3: Regulatory Compliance - The termination of cooperation is part of Minsheng Bank's efforts to comply with the new regulations, which require banks to consolidate their fund distribution operations onto their own platforms [8] - The new regulations aim to enhance the management responsibilities of commercial banks as agency sales institutions and promote the healthy development of agency sales business [8]

Core Viewpoint - Minsheng Bank has announced the termination of its fund distribution cooperation with two third-party platforms in response to the upcoming implementation of the "Administrative Measures for Commercial Banks' Agency Sales Business" on October 1, 2025 [2][6]. Group 1: Termination of Cooperation - On August 14, Minsheng Bank announced it will terminate its fund distribution cooperation with the "Huawei Wallet" platform starting September 4, 2025, affecting various fund-related services [4]. - The day before, on August 13, the bank also announced the termination of its cooperation with the "Yutong Life" platform for public money market fund distribution, effective August 25, 2025 [4]. Group 2: Future Business Arrangements - Following the termination, customers will be able to manage their existing fund products through the Minsheng Bank app, but new fund subscription and investment plans will be closed [5]. - As of the end of 2024, Minsheng Bank distributed 3,624 fund products from 108 companies, with a non-money fund holding scale of 81.3 billion yuan, including 72.8 billion yuan in equity funds [5]. Group 3: Regulatory Compliance - The termination of cooperation is part of Minsheng Bank's efforts to comply with the new agency sales regulations, which require banks to consolidate their distribution activities onto their own platforms [7]. - The new regulations aim to clarify the management responsibilities of commercial banks as agency sales institutions and promote the healthy development of agency sales business [7].