Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued an action plan to promote the high-quality development of public funds, aiming to gradually reduce the cost for fund investors [1] Group 1: Regulatory Changes - The CSRC has introduced regulations to reasonably lower the subscription fees and sales service fees for public funds [1] - The plan encourages industry institutions to timely reduce management fees and custody fees for large-scale index funds and money market funds [1] Group 2: Cost Reduction Initiatives - The action plan aims to lower fixed costs related to fund registration and settlement, index authorization, information disclosure, auditing, and legal services [1]