Group 1 - Multiple fund companies have announced the termination of distribution agreements with Dahua Bank (China) Co., Ltd, indicating a trend in the fund sales market towards consolidation and strategic adjustments [1][4][6] - Dahua Bank (China) will cease its fund distribution business effective June 13, 2025, following a strategic decision to transfer its personal business to Fubon Bank, which includes the discontinuation of fund sales [1][4][6] - As of June 13, Dahua Bank (China) was still distributing 13 funds from five fund companies, highlighting its previous role in the fund sales market [6] Group 2 - The fund sales market is undergoing a transformation from a "sales volume-oriented" approach to an "investor profit-oriented" model, as indicated by industry analysts [5][9] - The China Securities Regulatory Commission (CSRC) has introduced a classification evaluation mechanism for fund sales institutions, which is expected to further influence the market dynamics [9] - Despite the exit of several sales institutions, new entrants are emerging, such as E Fund, which has received approval to establish a wholly-owned subsidiary for fund sales [7][8]