Policy promotion + market drive Money market funds are successively reducing fees.

Under the dual influence of market forces and policy incentives, money market funds have recently been lowering their fees. From a market perspective, with the risk-free rate of return decreasing, the 7-day annualized yield of money market funds is approaching 1%. From a policy standpoint, the China Securities Regulatory Commission recently issued regulations that require the sales service fee rate for money market funds to be reduced to 0.15% per year.