Group 1 - The core viewpoint of the article discusses recent controversies surrounding Ping An Fund, including the closure of its app and allegations of preferential treatment for institutional clients in redemption fees [2][25]. - Ping An Fund announced the closure of its app effective August 31, 2023, with all functionalities migrating to its official website and WeChat service account [27][28]. - The fund's total asset management scale exceeds 650 billion RMB, ranking 19th in the public fund industry, but over 60% of this is in money market funds [35][36]. Group 2 - On July 31, a bond fund under Ping An Fund announced a redemption fee discount, which was criticized as being tailored for large institutional clients, raising fairness concerns [3][12]. - The redemption fee structure showed that the majority of holders were institutional investors, with personal investors making up only 2.47% of the total [17][24]. - The app closure is seen as a cost optimization move, as maintaining the app was not yielding sufficient returns compared to its operational costs [40][41].