Reduce fees and commissions to boost confidence. Institutional investors significantly increased their holdings of stock funds.

In the first half of the year, the mutual fund industry saw significant reductions in fees and commissions. Data from Tianxiang Investment Consulting shows that compared to the same period last year, total management fee revenue for equity mixed funds decreased by 17 billion yuan, and total trading commissions decreased by 23.34 billion yuan. Additionally, due to the impact of lowering fees on important broad-based ETFs, management fee revenue for equity funds decreased by 1.11 billion yuan year-on-year, a decrease of 1.23%. By the end of the first half of the year, institutional investors held 1.48 trillion shares of equity funds, an increase of 445.8 billion shares compared to the same period last year. Correspondingly, the proportion of equity funds held by institutional investors increased from 34.44% to 40.49%, an increase of over 6 percentage points. In the first half of the year, institutional investors such as Central Huijin and China Life increased their holdings of equity ETFs and other funds, playing an important role in stabilizing the market.