Recently, an increasing number of Banks are joining the fee reduction ranks. Several Banks, including Agricultural Bank Of China, MINSHENG BANK, and Bank of Qingdao, have announced that they will launch preferential activities for the distribution of Fund fees, offering discounts of 10% or 50% on certain public Fund subscription fees. Researcher Lou Feipeng from China Postal Savings Bank stated to reporters that the Banks are providing discounts on the Y class shares of public Funds sold on behalf of investors, in order to better serve individual retirement pension investors, thus facilitating the accumulation of Retirement Assets and increasing the institutions' market share in the development of individual pensions. (Securities Daily)