From fee reduction and profit sharing to mechanism reconstruction, the reform of public fund fees is advancing layer by layer.

Since the release of the "Public Offering Fund Industry Fee Reform Work Plan" by the China Securities Regulatory Commission in July 2023, the reform of public offering fund fees has been steadily progressing in three stages of "management fees - transaction fees - sales fees". Many senior professionals in the fund industry believe that two key breakthroughs are expected to be made in the fee reform: first, as a core measure to explore the binding of interests between managers and investors, floating rate funds are expected to transition to routine approval in the future and may expand to include "fixed income + products"; second, the management regulations related to public offering fund sales fees are expected to be subject to public consultation.