新华财经上海1月6日电（记者杨溢仁）近期，市场关注已久的《公开募集证券投资基金销售费用管理规 定》正式稿揭开面纱，引业界热议。 分析人士指出，相较于此前发布的征求意见稿，正式稿在赎回费率设置、过渡期安排及费率档位划分等 核心环节做出显著优化，呈现出"精准松绑、缓释压力"的政策导向。 对于债券市场而言，新规以较为缓和的结果落地，将显著降低债基短期面临的被动赎回压力，即债市在 负债端将得到一定支撑。 新规松绑超预期债市开年现企稳信号 元旦节前，市场关注已久的《公开募集证券投资基金销售费用管理规定》正式稿出台。 可以看到，公募基金销售新规正式版文件相较于征求意见稿主要有三方面的核心变化。 其一，是征求意见稿将债券型基金的赎回费与股票基金、混合基金做相同设置，对持有期小于7天的， 赎回费不低于1.5%，持有期小于30天的，赎回费不低于1%，持有期小于3个月的，赎回费不低于0.5%； 而正式版文件则规定，对于持有期在7天及以上的个人投资者可另行约定，对持有期在30天以上的机构 投资者也可另行规定。 短期来看，政策松绑超预期，有助于债市情绪集中修复。兴业证券固收首席分析师左大勇表示，新规对 债基赎回费的调整构成超预期利好 ...

Group 1 - The report highlights a significant trend in fund allocation towards dividend strategies, indicating a preference for stability in uncertain market conditions [2][4][10] - The total net inflow into ETF funds reached 12.496 billion yuan this week, with all types of ETF funds, except for stock ETFs, experiencing varying degrees of net inflow [10][19] - The report notes that the semiconductor and AI upstream hardware sectors performed well, driven by news regarding Nvidia's chip sales to China, although the overall market remains cautious [15][17] Group 2 - In the bond ETF sector, the average weekly increase for convertible bond ETFs was 0.21%, with a notable preference for credit bonds and company bonds, particularly in the context of a rebound in long-term interest rate bonds [18][20] - The report indicates that the net inflow for bond ETFs was 4.33 billion yuan this week, with significant capital flowing into the AAA-rated technology innovation bonds [21][24] - The analysis of financing and margin trading shows a clear trend towards deleveraging across ETF funds, particularly in the AI and gold asset sectors, with a notable negative net buy for gold assets this week [22][23]

Group 1 - The core idea emphasizes the importance of foundational knowledge in investing and selecting the right funds, suggesting that solid fundamentals are essential for successful investment in funds [2] - The article introduces bond ETFs, which are funds that track bond indices and can be traded on the market, highlighting that they possess the fundamental characteristics of ETFs [3] Group 2 - The article promotes a special offer for new holders of Zhongtai Asset Management products, encouraging them to participate in a certification process to receive a reward [6]