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Does the fund sales business of commercial banks need the approval of CBRC?
It does not need the approval of CBRC, but it needs the approval of CSRC.

In addition, the subscription fee for fund fees sold by commercial banks is very expensive and there is no discount.

If you need to buy funds, you can go to the fund company official website or Tian Tian Fund, Alipay and other third-party fund sales platforms to buy.

The subscription fees of these platforms are all discounted, some are 20% off, some are 40% off, and some are even 10% off.