Officials from relevant departments of the China Securities Regulatory Commission answer questions from journalists about the reform of public fund rates. Industry | Fund | Relevant departments
Q: Today, some fund companies have announced a reduction in the management and custody fees of their public fund products. Do you have any comments from the China Securities Regulatory Commission on this?
Answer: In recent years, China's public fund industry has developed rapidly and has become a very important institutional investor in the capital market. It has played a positive role in increasing the proportion of direct financing, promoting the reform and development of the capital market, serving the wealth management needs of residents, and serving the real economy and major national strategies.
The China Securities Regulatory Commission has always adhered to the people-oriented development of the public fund industry and continued to promote high-quality development of the public fund industry. During this year's theme education period, the China Securities Regulatory Commission conducted in-depth investigations and research on issues of concern to investors, widely listened to market opinions, and formulated a work plan for the reform of public fund industry rates based on the actual development of the industry and the needs of investors. It combined regulatory guidance with industry initiative, guided the public fund industry to steadily and orderly carry out rate mechanism reform, and supported public fund managers and other industry institutions to reasonably reduce fund rates.
Next, the China Securities Regulatory Commission will adhere to the work philosophy of "highlighting key areas, combining distant and near areas, steadily advancing, and coordinating development", adhere to the principles of marketization and rule of law, comprehensively optimize the fee rate model of public funds, steadily reduce the comprehensive fee rate level of the industry, gradually establish and improve a fee rate system mechanism that is suitable for China's national conditions and market conditions, and is suitable for the development stage of the public fund industry in China, promote the healthy development of the industry and the interests of investors to be more coordinated, mutually supportive, and jointly realized.