How are the specific rules for sales expenses of public offering funds implemented, and the interpretation is here.

Recently, the relevant departments held a training session to interpret the rules on sales expenses of public funds. Article 12 of the "Regulations" stipulates that the ratio of customer maintenance fees obtained from selling stock funds and balanced funds to fund management fees for holding amounts generated by non-individual investors should not exceed 30%; the ratio of customer maintenance fees obtained from selling other funds to fund management fees should not exceed 15%. As for whether newly launched sales channels for existing products during the rectification period should also comply with the new rules on tail commission ratio requirements, the relevant departments stated that new sales channels for existing products should comply with the requirements of the new rules.