Core Points - The China Securities Regulatory Commission (CSRC) has revised the "Regulations on the Management of Sales Fees for Publicly Offered Securities Investment Funds" to promote high-quality development in the public fund industry and reduce investor costs [1] Summary by Sections Section 1: Fee Reduction - The regulations aim to reasonably lower subscription fees, purchase fees, and sales service fee rates to reduce costs for investors [1] Section 2: Redemption Arrangements - The revised rules optimize redemption arrangements, specifying that the entire redemption fee will be included in the fund's assets [1] Section 3: Encouragement of Long-term Holding - The regulations encourage long-term holding by stating that no sales service fees will be charged for investors holding stock, mixed, or bond funds for over one year [1] Section 4: Equity Fund Development - The guidelines maintain a focus on the development of equity funds by setting a cap on the payment ratio of trailing commissions [1] Section 5: Sales Fee Regulation - The regulations strengthen the standardization of fund sales fees, addressing issues such as the allocation of interest from fund sales settlement funds and double charging in fund advisory services [1] Section 6: Direct Sales Platform - A direct sales service platform for institutional investors in the fund industry will be established to provide efficient, convenient, and secure services for fund managers' direct sales operations [1]

智通财经5月7日电，中国证监会印发《推动公募基金高质量发展行动方案》，稳步降低基金投资者成 本。出台《公募基金销售费用管理规定》，合理调降公募基金的认申购费和销售服务费。引导行业机构 适时下调大规模指数基金、货币市场基金的管理费率与托管费率。推动降低基金登记结算、指数授权使 用、信息披露、审计及法律服务等相关固定费用。 证监会：合理调降公募基金的认申购费和销售服务费 引导行业机构适时下调大规模指数基金、货币市 场基金的管理费率与托管费率 ...