Out of the initial batch of 26 newly approved floating-rate funds, 13 have successfully launched, collectively raising over 12.6 billion yuan, with certain products amassing more than 1 billion yuan each. These funds employ tiered accrual rules and a "reward-punish" mechanism, where management fees fluctuate in accordance with performance, fostering a shared risk environment between investors and institutions. Additionally, they impose stricter requirements on fund managers' performance and risk management expertise.