Third-party fund distribution agencies are being cleared out at an accelerated pace; what was once a "golden license" is now as plain as water.
Small and medium-sized institutions in the fund distribution industry are experiencing a faster pace of market exit.
Recently, Invesco Great Wall, Hui Tian Fu, China Asset Management, and Pu Yin Fund issued announcements, successively terminating their fund sales business cooperation with Pu Ling Fund Sales Co., Ltd. (hereinafter referred to