New Floating Fee Product Model Expands Scope, Mid-Sized Fund Companies Seize 'Window of Opportunity'

Recently, regulators issued an institutional regulatory notice titled 'Optimizing Registration Arrangements for New-Model Floating Fee Products and Deepening the Reform of Public Mutual Funds' (hereinafter referred to as the 'Notice'). Industry insiders believe that the Notice optimizes registration arrangements for new-model floating fee products by simultaneously relaxing requirements regarding the scope of institutions and products, as well as existing product transformations. This signifies that the reform has moved from a pilot phase to a broader rollout stage, presenting a 'dividend window' for mid-sized fund companies. According to reporters, several mid-sized fund companies are already preparing new-model floating fee products. (Shanghai Securities News)