Public offering reform measures are gradually being implemented: institutions are increasingly waiving direct sales fees and intensively adjusting risk levels

In 2025, new regulations for the public fund industry are being introduced intensively, and related reform measures are gradually taking effect. Industrial Securities Global Fund, Caitong Securities, and other institutions have announced that investors will be exempt from subscription fees when subscribing to their funds through direct sales channels. At the same time, the behavior of fund sales is further standardized, and many fund companies are intensively adjusting the risk levels of their funds, with some special products having more comprehensive risk warnings. (Shanghai Securities News)