Fee reduction efforts in the public fund industry are progressing steadily. Recently, ICBC Credit Suisse Fund and Huatai Securities Asset Management have successively issued announcements announcing lower rates related to their fund products. This is a microcosm of recent intensive fee cuts in the industry. According to Wind statistics, as of May 28, more than 100 funds had successively lowered their management or custody rates during the year. The product types covered ETFs, bond funds, monetary funds, etc.

Fee reduction efforts in the public fund industry are progressing steadily. Recently, ICBC Credit Suisse Fund and Huatai Securities Asset Management have successively issued announcements announcing lower rates related to their fund products. This is a microcosm of recent intensive fee cuts in the industry. According to Wind statistics, as of May 28, more than 100 funds had successively lowered their management or custody rates during the year. The product types covered ETFs, bond funds, monetary funds, etc.