The reform of public fund fee rates is progressively intensifying, evolving beyond mere fee reductions and profit transfers to encompass a reconstruction of the underlying mechanisms. Since the China Securities Regulatory Commission (CSRC) promulgated the "Work Plan for the Reform of Public Fund Industry Fee Rates" in July 2023, the reform has been methodically rolled out in three phases: "management fees, transaction fees, and sales fees." Notably, two successive batches of newly established floating-rate funds have been authorized for issuance during this period. According to several seasoned industry professionals, the fee rate reform is poised to attain significant advancements in two crucial domains: Firstly, floating-rate funds are likely to become standard approval items and extend their reach to "fixed income +" products, thereby aligning the interests of managers with those of investors. Secondly, public consultations on the administrative regulations concerning public fund sales fees are imminent.