Core Viewpoint - China Ocean Fund has terminated its cooperation with Shanghai Jinggu Fund Sales Co., Ltd. to protect investor interests, marking a significant shift in the fund sales landscape as the market undergoes a "shuffle" due to increasing concentration among leading fund sales institutions [2][6][10]. Group 1: Termination of Cooperation - On August 15, China Ocean Fund announced the termination of its sales cooperation with Shanghai Jinggu Fund Sales Co., Ltd., effective from August 18, 2025 [6]. - This decision is part of a broader trend where fund companies are reassessing their partnerships with sales channels that lack sales capabilities, which are seen as cost burdens and potential reputational risks [11]. Group 2: Market Context - The fund sales market is experiencing a rapid "shuffle," with increasing market share concentration among top sales institutions [4][10]. - Recent regulatory actions include the cancellation of licenses for several fund sales companies, such as Shanghai Caifei Fund Sales Co., Ltd., which had been unresponsive to regulatory inquiries [10]. - A number of smaller fund sales institutions have also voluntarily surrendered their licenses, indicating a challenging environment for these entities [11]. Group 3: Company Status - Shanghai Jinggu Fund Sales Co., Ltd. is currently listed as "suspended," with its website also deactivated. It has only one fund company and a total of 31 funds under its sales, placing it at the bottom among 125 independent fund sales institutions [8]. - The company has faced multiple legal disputes, including labor disputes and registration changes, and its parent company has been restricted from high consumption by the court [8].