Since the public offering industry’s fee reform measures were introduced in July , public fund management fees fell by . yearonyear in the first half of . This year, the second phase of fee reform measures in the public offering fund industry will continue to be implemented.
On April , the China Securities Regulatory Commission issued the "Regulations on the Management of Securities Transaction Fees for Publicly Offered Securities Investment Funds", which will be officially implemented on July . The subjects of fee reduction will be further expanded from active equity funds to broadbased ETFs.
On November , several fund managers including Hua Xia Fund, HuataiPineBridge albania phone number list Fund, E Fund, Southern Fund, and Harvest Fund announced on their official websites that they will reduce the fees of their largescale broadbased ETFs. The management fee will be uniformly reduced to ., and the custody fee will be uniformly reduced to ..
Statistics show that the fee reduction products involve broadbased stock ETFs and linked funds, with a total of funds having their fees reduced simultaneously, which is expected to provide investors with RMB billion in benefits each year.
The third phase of fee reduction for public offerings will take place in the next one to two weeks. The China Financial Stability Report released last Friday mentioned.