Some large collective products are waiting for the last train of transformation, with management fees and yield rates "inverted," causing controversy

By the end of 2025, the existing public offering collective investment products of securities firms will gradually expire, with most transforming into public offering products and some heading towards liquidation. However, a few products are playing the "extension card," extending their duration to the first quarter or mid-year of 2026. It is understood that these products hope to change to public offering products through cooperation with fund companies