Industry fee cuts generate ‘ledger shock’ as small and medium-sized public funds seek transformation

On March 31st, according to the 2024 annual reports disclosed by some listed companies, several small and medium-sized fund companies experienced an increase in management scale and a decrease in revenue scale in 2024. On the evening of March 28th, China Post Fund released its 2024 annual report, revealing that as the only listed fund company in China, the 2024 public offering fee reduction directly affected China Post Fund’s main business income. Several fund companies believe that industry fee reduction is not only a short-term challenge, but also an opportunity for transformation. Some fund companies have stated that they will enhance their core competitiveness through differentiation strategies. Some fund companies have also stated that they will enhance their overall competitiveness through diversified asset investments and diversified product lines. (China Securities Journal)

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