Group 1 - Multiple public money market funds have recently reduced fees, indicating a competitive response to declining interest rates [1] - Specific funds that have lowered their management fees include: - Yinhua Duolibao from 0.10% to 0.05% - Hongta Hongtu Renrenbao from 0.30% to 0.14% - Huobi Guanjia from 0.25% - Tianhong Cash Manager from 0.33% to 0.15% [1] - Despite the decline in yields, with over 80 money market funds having a seven-day annualized yield below 1% as of October 16, the total scale of money market funds in China has increased [1] Group 2 - As of the end of August, the total scale of money market funds in China reached approximately 14.81 trillion yuan, an increase of 1.2 trillion yuan from the end of last year [1] - The scale has maintained above 14 trillion yuan for four consecutive months since May [1]