In alignment with the 'Action Plan for Fostering High-Quality Growth of Publicly Offered Funds,' the China Securities Regulatory Commission (CSRC) has overhauled the 'Regulations Governing Sales Fees for Open-End Securities Investment Funds,' rebranding it as the 'Regulations Governing Sales Fees for Publicly Offered Securities Investment Funds.' The CSRC is now soliciting feedback from the public. This amendment is designed to lower expenses for fund investors, ensure a well-ordered publicly offered fund sales market, safeguard investors' lawful rights and interests, and drive the industry's high-quality development. The key amendments encompass slashing subscription, purchase, and sales service fees, refining redemption procedures, incentivizing long-term investment, imposing distinct upper caps on trailing commission payment ratios, reinforcing fee regulations, and setting up a direct sales service platform tailored for institutional investors.