Tianhong Yu'ebao and other money market funds collectively reduce fees.

On September 23rd, several money market funds collectively announced adjustments to their fees. Among them, Tianhong Yu'ebao reduced its custody fee from an annual rate of 0.08% to 0.07%. Guoxin Guo Zheng Cash Enhancer also lowered its management fee and custody fee, which are now 0.2% and 0.07% respectively. E Fund Margin Assurance also reduced its management fee and custody fee, with the new annual rates being 0.15% and 0.05% respectively. Many fund companies stated in their announcements that the main reason for these adjustments is to better meet the financial needs of investors and reduce their financial costs.