The “Regulations on the Administration of Sales Expenses of Publicly Raised Securities Investment Funds” issued by the Securities Regulatory Commission mentioned that the collection of sales service fees is comprehensively regulated. The upper limit of sales service rates for partial equity funds was reduced to 0.4%, and the actual average subscription rate for holding similar products for one year was leveled, and sales service fees must not continue to be charged for fund shares held for more than one year.

The “Regulations on the Administration of Sales Expenses of Publicly Raised Securities Investment Funds” issued by the Securities Regulatory Commission mentioned that the collection of sales service fees is comprehensively regulated. The upper limit of sales service rates for partial equity funds was reduced to 0.4%, and the actual average subscription rate for holding similar products for one year was leveled, and sales service fees must not continue to be charged for fund shares held for more than one year.