On December 31, according to the Securities Daily, recently, an increasing number of banks have joined the ranks of reducing fees. Various banks, including the Agricultural Bank Of China, MINSHENG BANK, and the Bank of Qingdao, have announced promotions for fund distribution fees, offering discounts such as 10% and 50% on the subscription fees for certain public funds. Lou Feipeng, a researcher at China Postal Savings Bank, stated that banks are offering discounts on the Y-share classes of publicly offered funds to better serve individual retirement investors, thereby improving the accumulation of retirement Assets and increasing the market share of institutions in the development of personal pensions.