Public offering funds distribution market is undergoing a deep reshuffle, highlighting the predicament of small and medium-sized distribution agencies.

The public offering fund distribution market is currently undergoing a significant reshuffle. On June 19th, China Asset Management Co., Ltd. announced that it has reached an agreement with Minshang Fund Sales Co., Ltd. to terminate their fund distribution cooperation service starting from June 20th. Since late May, more than 50 fund managers have announced the termination of their distribution cooperation with Minshang Fund, including top public offering institutions such as Huaxia Fund, Jiashi Fund, Invesco Great Wall Fund, Fortune Fund, and Harvest Fund.