China Securities Regulatory Commission invites public comments on the "Regulations on the Management of Sales Expenses of Publicly Offered Securities Investment Funds (Draft for Solicitation of Comments)."

Zhixin Finance APP learned that on September 5, the China Securities Regulatory Commission publicly solicited opinions on the "Regulations on the Management of Sales Expenses of Publicly Offered Securities Investment Funds (Draft for Solicitation of Opinions)". The "Regulations" consist of six chapters and 28 articles, the main contents of which are as follows: First, to reasonably reduce the subscription fees, purchase fees, and sales service fee rates of publicly offered funds to lower investor costs. Second, to optimize redemption arrangements and clarify that the full amount of redemption fees for publicly offered funds shall be included in the fund's assets. Third, to encourage long-term holding and clarify that for investors holding stock funds, mixed funds, and bond funds for more than one year, sales service fees will no longer be charged. Fourth, to adhere to the development direction of equity funds and set a differentiated maximum limit for trailing commission payments. Fifth, to strengthen the regulation of fund sales expenses and coordinate solutions to issues such as the attribution of fund sales settlement fund interest and double charging in fund advisory business. Sixth, to establish a direct sales service platform for institutional investors in the fund industry, providing efficient, convenient, and secure services for the development of direct sales business for fund managers.