Core Viewpoint - The article draws parallels between the ride-hailing market's evolution from 2020 to 2023 and the public fund industry, highlighting the challenges faced by smaller companies amid a competitive landscape and declining profits. Group 1: Ride-Hailing Market Overview - The ride-hailing market experienced significant fluctuations from 2020 to 2023, transitioning from a subsidy war to a focus on driver retention and cost-cutting as the market contracted [6][7]. - In 2020, the ride-hailing industry was in its "golden age," with platforms offering high rewards to attract drivers, leading to increased earnings for drivers [11][12][16]. - By 2021, the market saw the emergence of new players and aggressive promotional strategies, such as "zero commission" offers, which significantly boosted driver earnings [17][20][21]. Group 2: Market Contraction and Challenges - The ride-hailing market began to saturate by 2022, leading to increased competition and a decline in demand, which resulted in many smaller platforms struggling to survive [31][34][35]. - The economic downturn in 2023 exacerbated the situation, with a surge of new drivers entering the market while passenger demand decreased, leading to a significant drop in earnings for existing drivers [38][44]. Group 3: Public Fund Industry Parallels - The public fund industry has mirrored the ride-hailing market's trajectory, experiencing a boom followed by a downturn, with many fund companies facing pressure to reduce fees and cut costs [45][55]. - As the market for public funds contracted, smaller firms began to struggle, with some even shutting down operations or significantly downsizing [48][53][55]. - The competitive landscape in the public fund industry has led to a "survival of the fittest" scenario, where larger firms continue to thrive while smaller ones face extinction [77].

作 者丨黎雨辰 编 辑丨姜诗蔷 图 源丨IC p h o t o 公募业推动中长期资金入市的工作方案，正呼之欲出。 2 1世纪经济报道记者注意到，此次即将落地的公募基金改革方案初步细节有几大关注点。 一是基金考核指标上新，强调客户盈利与业绩基准 。 方案显示，未来的基金公司及从业人员考核，将会以业绩与投资者服务类指标作为重点。 其中在公募基金高级管理人员考核方面，方案提到要降低规模、排名、收入、利润等指标在考 核中的权重，而公司业绩指标权重的占比要保持过半。 在基金经理考核方面， 新增"投资者获得感"的相关指标 ，则是此次方案的一大亮点。方案指 出，要将净值增长率、基金利润率、盈利客户占比、业绩与基准偏离度、基金利润率等指标加 入基金经理考核，并占据相对较高的权重比例。在基金公司分类评价指标中，盈利客户占比、 业绩比较基准对比等指标也将在未来占据一席之地。 二是进一步推动费率与薪酬改革，强化业绩比较基准的约束作用。 方案初稿进一步强调推动公募基金产品业绩表现与费率挂钩，对于超越业绩比较基准的产品适 当提高费率，对低于业绩比较基准的产品要降低费率。不过据了解，现阶段的方案中暂未提及 费率降低的具体比例。同时， ...