Group 1 - The core viewpoint of the article is that the revised regulations by the China Securities Regulatory Commission (CSRC) are a crucial step in transforming the fund sales industry from a "seller-oriented" approach to a "buyer-oriented" service model [1] - The new regulations aim to reduce explicit fees as a starting point, with the ultimate goal of enhancing long-term returns and satisfaction for investors through professional services [1] Group 2 - Data shows that over the past eleven years, the fund platform has saved nearly 2.5 billion yuan in transaction fees for almost 10 million investors [2] - The company emphasizes that reducing fees must be complemented by enhancing services and returns, reflecting a commitment to a "buyer-oriented" stance [2] - In the last five years, the company has developed a buyer service system leveraging big data and financial technology to guide clients in adopting a "target allocation method" focused on long-term personal life goals [2] - Over the past two years, more than 90% of investors on the platform have achieved positive returns, with an average return exceeding 13% for non-monetary public fund clients in 2025 [2] - The company believes that true "benefits" come from helping investors establish a rational and long-term investment framework to achieve sustainable returns, which relies on professional buyer advisory services [2]

【导读】《公开募集证券投资基金销售费用管理规定》正式实施，四大基金销售巨头第一时间表态 展望2026年，蚂蚁基金将始终坚持"投资者利益导向"，真正以财富管理的理念服务投资者，致力于提升 投资者的获得感。 中国基金报公募基金报道组 1月1日，《公开募集证券投资基金销售费用管理规定》（以下简称《规定》）正式实施，公募基金三阶 段费率改革顺利收官。 在《规定》正式实施的第一天，蚂蚁基金、腾安基金、天天基金、盈米等头部基金销售机构密集发声， 第一时间全面、严格落实《规定》的各项要求，积极响应降费号召，持续践行低费率，让利投资者，并 将持续优化产品线及服务体系，用更专业的服务，切实提升投资者的获得感与满意度。 蚂蚁基金董事长王珺： 以投资者为本，持续降费让利，助力公募基金高质量发展 2025年12月31日，证监会修订并正式发布《公开募集证券投资基金销售费用管理规定》，提出合理调降 公募基金认申购费、销售服务费率水平等，标志着公募基金费率改革正式迎来收官。 公募基金费率改革有助于稳步降低投资者成本，提升投资者获得感，进一步推动行业高质量发展。蚂蚁 基金积极响应降费要求，持续践行低费率，让利投资者。自2015年开始实行买入 ...

蚂蚁基金董事长王珺： 【导读】《公开募集证券投资基金销售费用管理规定》正式实施，四大基金销售巨头第一时 间表态 中国基金报公募基金报道组 1 月 1 日，《公开募集证券投资基金销售费用管理规定》（以下简称《规定》）正式实施， 公募基金三阶段费率改革顺利收官。 在《规定》正式实施的第一天， 蚂蚁基金、腾安基金、天天基金、盈米 等头部基金销售机构 密集发声，第一时间全面、严格落实《规定》的各项要求，积极响应降费号召，持续践行低 费率，让利投资者，并将持续优化产品线及服务体系，用更专业的服务，切实提升投资者的 获得感与满意度。 以投资者为本，持续降费让利，助力公募基金高质量发展 2025 年 12 月 31 日，证监会修订并正式发布《公开募集证券投资基金销售费用管理规 定》，提出合理调降公募基金认申购费、销售服务费率水平等，标志着公募基金费率改革正 式迎来收官。 公募基金费率改革有助于稳步降低投资者成本，提升投资者获得感，进一步推动行业高质量 发展。蚂蚁基金积极响应降费要求，持续践行低费率，让利投资者。自 2015 年开始实行买 入费率折扣，蚂蚁基金十年预估累计为投资者节省了超 500 亿元交易手续费。 作为连接机 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has officially released revised regulations on the management of sales expenses for publicly offered securities investment funds, marking the completion of the fee reform in the public fund sector, which aims to reduce investor costs and enhance their experience [1][3] Group 1: Fund Fee Reform - The public fund fee reform is a significant step towards reducing investor costs and promoting high-quality development in the industry [1][3] - Ant Fund has actively responded to the fee reduction requirements, implementing a discount on purchase fees since 2015, saving investors over 50 billion yuan in transaction fees over ten years [1] - The reform is part of a broader initiative to shift the focus from scale-driven growth to return-oriented strategies, enhancing investor satisfaction [3] Group 2: Industry Growth and Development - The public fund industry in China has seen substantial growth, with total market size surpassing 37 trillion yuan, reflecting a significant milestone in the development of the financial sector [3] - The industry is committed to protecting client interests and promoting long-term investment strategies, positioning public funds as stabilizers in the capital market [3] Group 3: Investor Engagement and Education - Ant Fund aims to provide transparent and standardized information to guide investors in establishing realistic return expectations and understanding market fluctuations [5] - The platform emphasizes the importance of long-term holding, with an average holding period of over 1,198 days for non-money market fund users [7] - Over 210 million non-money market fund investors on Ant Fund have achieved profitability, highlighting the platform's commitment to investor interests and sustainable growth [7]

Core Viewpoint - The article discusses the recent reforms in public fund fee structures in China, emphasizing the importance of reducing costs for investors and enhancing their experience, which aligns with the broader goal of promoting high-quality development in the public fund industry [1][3]. Group 1: Fund Fee Reform - The China Securities Regulatory Commission (CSRC) has officially released revised regulations aimed at lowering public fund subscription fees and sales service rates, marking the completion of the fee reform process [1]. - The fee reform is expected to help reduce investor costs and improve their sense of gain, thereby promoting high-quality development in the industry [1][3]. - Ant Fund has actively responded to the fee reduction requirements, implementing discounts on purchase fees since 2015, which has saved investors over 50 billion yuan in transaction fees over the past decade [1]. Group 2: Industry Growth and Development - The public fund industry in China has experienced significant growth, with total market size surpassing 37 trillion yuan, reflecting a shift from scale-driven to return-oriented strategies [3]. - The industry is focusing on protecting customer interests and promoting long-term investment practices, positioning public funds as stabilizers in the capital market and as a means to safeguard residents' wealth [3]. Group 3: Investor-Centric Approach - Ant Fund is committed to an investor-centric approach, aiming to enhance the overall investment experience and promote healthy investment behaviors among a broader audience [7]. - The platform has generated over 500.4 billion yuan in returns for investors through its product offerings, with a significant portion of investors coming from lower-tier cities [7]. - Ant Fund emphasizes the importance of providing standardized and transparent information to help investors set realistic return expectations and understand market volatility [7]. Group 4: Long-Term Investment Philosophy - The article highlights the need for a long-term investment evaluation system that prioritizes sustainable growth and genuine investor profitability, moving away from short-term sales incentives [9]. - Ant Fund believes in the value of maintaining investments over the long term, with an average holding period of over 1,198 days for non-money market fund users on its platform [9]. - The platform has successfully enabled over 210 million non-money market fund investors to achieve profitability, reinforcing the belief that a long-term approach fosters trust and sustainable growth [9].

"蚂蚁基金始终致力于从投资者利益出发，实现健康、可持续的保有规模增长。平台相信持营的价值， 相信基金保有规模更具备长期视角，是投资者信任与盈利体验的自然结果。"王珺说，目前，蚂蚁财富 平台上非货币基金用户平均持有时长超过1198天。只有真正以投资者利益为先，才能建立长期的信任， 这是互联网代销平台发展的基石。蚂蚁基金相信，长期主义的模式能与投资者的信任相互作用，最终带 来可持续的增长。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 朱妍）2025年12月31日，证监会修订并正式发布《公开募集证券投资基金 销售费用管理规定》(下称《规定》)，提出合理调降公募基金认申购费、销售服务费率水平等，标志着 公募基金费率改革正式迎来收官。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 朱妍）2025年12月31日，证监会修订并正式发布《公开募集证券投资基金 销售费用管理规定》(下称《规定》)，提出合理调降公募基金认申购费、销售服务费率水平等，标志着 公募基金费率改革正式迎来收官。 蚂蚁基金董事长王珺认为，公募基金费率改革有助于稳步降低投资者成本，提升投资者获得感，进一步 推动行业高质量发展。蚂蚁基金积 ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has released the "Regulations on the Management of Sales Expenses for Publicly Raised Securities Investment Funds," marking the smooth implementation of the three-phase fee reduction reform in the public fund industry. This reform is expected to save investors 51 billion yuan annually and reduce the comprehensive fee rate of public funds by approximately 20% [1]. Group 1: Regulatory Changes - The new regulations consist of six chapters and 29 articles, focusing on addressing high subscription and purchase fee rates, complex redemption fee mechanisms, and the lack of effective regulation on sales service fees [1]. - Compared to the draft for public consultation on September 5, adjustments have been made to the redemption fee arrangements for bond funds and index funds, optimizing them based on different types of investors [1]. Group 2: Industry Impact - The regulations are expected to encourage sales institutions to adopt an investor-centric business philosophy, promoting a shift in the industry from prioritizing sales volume to emphasizing investor returns and service capabilities [1].

Core Viewpoint - As of December 30, 2025, Wind Fund's institutional business has achieved significant growth, surpassing 100 billion yuan in public fund assets under management, demonstrating its commitment to professionalism and long-term investment in a competitive market [1]. Group 1: Business Development - Wind Fund has established a comprehensive business system with continuous optimization of client structure, serving corporate clients, family offices, and high-net-worth individuals, while expanding its national footprint [1]. - The company collaborates with over 200 management partners and distributes more than 18,000 products, consistently delivering high-quality research reports and building an efficient institutional communication ecosystem [1]. Group 2: Technological Innovation - The company leverages AI and big data to create three core systems: "Fund Intelligent Research," "Fund Trading," and "Asset Management," covering the entire investment research, trading, and management processes [1]. - The "Fund Intelligent Research" system has received multiple awards, including the 2023-2024 Shanghai Financial Innovation Achievement Award, highlighting Wind Fund's leading capabilities in empowering investment research through financial technology [1]. Group 3: Investment Solutions - The "AI Investment Assistant" provides real-time insights into global financial dynamics, intelligently generating market interpretations and personalized asset allocation and fund combination plans based on investor needs [3]. - The company has restructured the entire trading process using smart technology, enhancing investment trading efficiency through services like intelligent account opening and rapid trading [5]. Group 4: Performance Management - The asset management system utilizes large models for profit and loss analysis and performance attribution, enabling precise breakdowns of revenue sources and strategy optimization [7]. - A multi-dimensional attribution model allows for in-depth analysis of portfolios and underlying assets, while NLP technology is used for sentiment monitoring to identify market changes and investment opportunities [7]. Group 5: Future Outlook - Looking ahead to 2026, Wind Fund aims to continue evolving with a customer-centric approach, driven by AI, ensuring that technology effectively supports professional judgment and remains responsive to investment practices [12].

登录新浪财经APP 搜索【信披】查看更多考评等级 公告送出日期：2025年12月31日 1公告基本信息 ■ 2 其他需要提示的事项 （1）本公司已于2025年7月17日披露了《圆信永丰基金管理有限公司关于圆信永丰兴利债券型证券投资 基金暂停申购、转换转入及定期定额投资业务的公告》，本基金自2025年7月18日起暂停申购、转换转 入、定期定额投资业务。本基金基金合同中关于暂停申购期间发布公告的约定如下："如发生暂停的时 间超过2周，暂停期间，基金管理人应每2周至少刊登暂停公告1次"。为了基金的平稳运作，保护基金份 额持有人利益，本基金继续暂停申购、转换转入及定期定额投资业务。 （2）在暂停本基金的申购、转换转入、定期定额投资业务期间，本基金的赎回、转换转出等其他业务 照常办理。 （3）关于恢复本基金申购、转换转入及定期定额投资业务的时间，基金管理人将另行公告。 （4）如有疑问，请拨打本公司客户服务电话（400-607-0088）或登录本公司网站 （www.gtsfund.com.cn）获取相关信息。 （5）风险提示：基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不保证基金一 定盈利，也不保证最低 ...

Core Viewpoint - The personal pension system in China is becoming a focal point for investors as it approaches its one-year anniversary of full implementation, emphasizing the importance of individual pension planning and investment education [1][21]. Group 1: Event Overview - The "From Planning to Steady Growth" pension education event took place in Shenzhen, featuring a leading global printed circuit board company, Pengding Holdings, which reported a revenue of 35.14 billion yuan in 2024 [2]. - The event was hosted by Tian Tian Fund in collaboration with Dongfang Caifu Securities, aiming to leverage public fund expertise and corporate resources to enhance understanding of the personal pension system [1][21]. Group 2: Pension System Insights - The speaker, Deng Hequan, outlined the three pillars of China's pension system: the first pillar being social security, the second pillar being enterprise annuities, and the third pillar being personal pensions, highlighting the necessity of personal savings due to the pressures on the current social security system [8]. - The urgency for personal pension planning is underscored by the aging population trend and the limitations of the current pay-as-you-go social security system [8]. Group 3: Tax-Advantaged Accounts - Deng provided detailed insights on tax-advantaged accounts, explaining that contributions of up to 12,000 yuan per year can be deducted from taxable income, with a low tax rate of 3% upon retirement withdrawals, effectively providing a "tax discount" on income [11]. - For example, individuals with a monthly income of 30,000 yuan can save up to 2,400 yuan in taxes annually, while those earning 100,000 yuan can save up to 5,400 yuan [11]. Group 4: Investment Strategies - The discussion included comparisons of various investment products such as savings, financial products, commercial pension insurance, and public funds, emphasizing the importance of selecting suitable products based on individual risk preferences [14]. - The core principle of pension investment is to prioritize stability and long-term holding, rather than focusing solely on high returns [16]. Group 5: Interactive Engagement - The event featured an interactive quiz segment to reinforce learning, with participants answering questions related to the pension system and tax-advantaged accounts, demonstrating high engagement from attendees [19]. - Participants expressed a commitment to long-term holding in pension investments, moving away from the tendency to react to short-term market fluctuations [19]. Group 6: Future Initiatives - Tian Tian Fund plans to continue its educational initiatives by collaborating with more listed companies, aiming to disseminate professional pension planning knowledge to a broader audience [21].