On January 4th, Agricultural Bank of China, Minsheng Bank, Qingdao Bank and other banks recently announced a reduction in the commission fee rate for their sales funds, stating that they will offer a discount of 10% to 50% on promotional products in the first quarter of 2025. Regarding the phenomenon of banks lowering their commission fees for mutual funds, Du Yang, a researcher at the China Banking Research Institute, believes that from the perspective of the development of banks themselves, offering fee discounts can attract more investors to purchase public fund products, and by supplementing prices with quantity, improve the level of intermediary business income for banks. From the perspective of investors, reducing the commission rate can to some extent improve the return level of investors purchasing public fund products, optimize the investment experience of investors, and is also an important way for banks to reduce fees and benefit financial consumers. (Shanghai Stock News)
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