(Beijing Comprehensive News) China ’s public fund industry implemented the second phase rate reform of the public fund industry with a scale of 28 trillion yuan (RMB, the same below, about S $ 5.26 trillion), and further regulates the distribution of transaction commissions for public funding funds.Conflicts between the interests between securities trading and fund sales business.

The China Securities Supervision Commission issued regulations on strengthening the management of securities investment fund securities transaction management (draft for comments) on Friday (December 8), and put forward 16 new regulations, focusing on reasonable transfer of public fund securities transaction commission commissionsTreat rates, reduce the upper limit of the distribution of securities transaction commissions, strengthen supervision, and clarify the fairness and transparency of information disclosure.

According to the rules listed by the attachment of the comments, the trading commission rate of passive stock fund stock transaction shall not exceed the market average, and it is forbidden to use other expenses such as transaction commission payment research services.When other types of funds are paid by transaction commission payment research service costs, the stock transaction commission rate shall not exceed twice the market average stock transaction commission rate in principle.Fund managers who do not meet the requirements must complete the transaction commission rate adjustment within three months.

In terms of

In terms of distribution ratio, the upper limit of the commission distribution ratio of equity funds was reduced from 30 % to 15 %, and a small fund manager with a management scale of less than 1 billion yuan maintained a 30 % upper limit.

China Securities Journal reported that based on data calculation in 2022, the total amount of commission commissions for public fund stock trading after implementation will be reduced from 18.868 billion yuan to 12.636 billion yuan, a decrease of 33.03%, which means that it can save investors 6.232 billion each year.Metal cost.

The China Securities Regulatory Commission launched the first phase of the fund's rate reform in July this year.Financial magazines described that this is the largest cost reduction action in the history of the industry. The two -stage reform reform may save investors more than 20 billion yuan, reflecting the determination and direction of the regulatory level to promote inclusive finance.

Li Yimei, general manager of Huaxia Fund, said that the scale of the Chinese fund industry surpassed bank financial management for the first time in 2023, and investors gradually accepted the wealth management concept of net worth wealth management.This reform is not only for investors, but also for the high -quality development of the industry.