More than ten public offering funds have announced they are breaking up with it! Fund sales agencies are accelerating reshuffling.

Recently, several fund companies announced the termination of their distribution cooperation with Minshang Fund Sales Co., Ltd. Prior to this, several fund companies had already terminated contracts with over ten fund distribution agencies such as Zhongzhi Fund, Yi Xin Puzhe Fund, Kaishi Wealth Management, etc. The competition in the fund sales market is intensifying, and the Matthew effect is becoming more pronounced. At the same time, on May 7th, the China Securities Regulatory Commission issued the "Action Plan to Promote High-Quality Development of Public Funds" for the first time, proposing to establish a classification evaluation mechanism for fund sales institutions. Coupled with the imminent reform of public fund sales fees, industry insiders believe that the fund sales market will undergo a transformation from focusing on "sales volume" to focusing on "investor profitability".