21世纪网 “打架门”事件，从券商与基金之间，开始延伸到了券商和银行之间。由头则因为基金可能将要降低券商分仓佣金。

21 century network “Fight door”events，From the securities firm and between fund，Began to extend to brokers and between the Banks。The pretext because fund may will reduce the securities trader points bin commission。

　　弱市下，A股市场里机构乱象频出，以理性著称的金融机构从业人员，各种打架、约炮事件轮番上演。

Under the weak market，A stock market mechanism PinChu field mess，By reason of the financial institutions for employees，Various fight、About gun events take turns on。

　　8月14日，微博上传出，因证监会拟下调基金管理费和托管费，券商和银行的人打了起来。据悉，在某基金公司和券商、银行的代表谈判时，银行十分硬气，不肯降提取的代销银行管理费。券商的人插了嘴说银行提的确实太多了，应该相应的下降，结果券商的和银行的代表都打起来了。

August 14,，Micro bo out on，Because of the CSRC intends to cut fund management fee and custodian fee，Brokers and Banks people to play up。It is reported，In a fund companies and brokerages、The bank on behalf of the negotiations，The bank is very YingQi，Refused to drop extraction sell goods on a commission basis the bank management fee。Brokers who put a mouth and say the bank carrying too much really，Should the corresponding drop，Results brokers and Banks are representatives of the fighting。

　　各种“打架门”、丑闻事件此起彼伏，上周五，才刚发生国金证券(600109,股吧)路演研究员和中海基金员工打架事件，与此同时，上投摩根基金经理用代称陌陌，赤裸裸“约炮门”，更是“震瞎”了观众的眼睛。

various“Fight door”、Scandal to break out，Last Friday，Just happen countries gold securities(600109,Shares it)Road shows researchers and China shipping fund employees fight event，At the same time，For Morgan fund manager with theology alfa theology，naked“About gun door”，is“Shock blind”The audience's eyes。

　　银行、券商的的打架，源于此前监管层召集部分基金公司就基金费率改革问题进行座谈调研，除就适度降低基金管理费充分征求意见和建议外，还就托管费、交易佣金、客户维护费(尾随佣金)及申购赎回费等费用的降低进行了探讨。

The bank、The securities of the fight，From previous supervision layer called part of the fund company will fund rate reform for discussion research，In addition to just moderate reduce fund management fee fully solicit the opinions and Suggestions，Also is trustee fee、Transaction commission、Customer maintenance(Trailing commission)And explain buy redemption fee and other fees reduce are discussed。

　　2年的熊市积累下的“怨气”，使得基金的管理费是否过高引起了行业各方的重视。

2 years of accumulation of a bear market“complaints”，Make fund management fee exorbitant aroused the attention of the industry parties。

　　会上，参会基金公司中，有两家公司还就浮动费率制提出意见，即通过创新方案的设计，针对每种基金产品不同的风险收益特征，实行与产品业绩挂钩的浮动费率制度。

meeting，In the fund company，There are two companies still on a floating rate system comments，That is, through the design of innovative solutions，For each type of fund products different risk yield，Implement and product performance hook floating rate system。

　　据天相投顾数据显示，2009-2011年纳入统计的全部基金管理费收入分别为285.5亿元、302.2亿元和288.6亿元；托管费分别为50.4亿元、53.3亿元、51.6亿元。

According to the days of good data display，2009-2011 into the statistics of all fund management fee income is 28.55 billion yuan respectively、30.22 billion yuan and 28.86 billion yuan；Trustee fee is 5.04 billion yuan respectively、5.33 billion yuan、5.16 billion yuan。

　　牵一发势必动全身，如果下调基金管理费，那么银行、券商和基金行业里所要捞的“油水”又会相应减少。

Guy service it is bound to move the whole body，If cut fund management fee，So the bank、Brokers and fund industry will remove the“Oil and water”And will be reduced correspondingly。

　　虽然证监会、基金、券商、银行等正在讨论“基金降低券商佣金20%”等方案，还未定稿。但是如果按照此前券商和基金的协议价默认是万分之8，如果下调20%则为万分之6左右，将大大减少券商分仓收入。

Although the CSRC、fund、brokers、Banks are discussing“Fund brokers to reduce 20% commission”program，Also draft。But if, in accordance with the previously brokers and fund contracted default is eight over ten thousand，If cut 20% of six over ten thousand or so，Will greatly reduce the securities trader points warehouse income。

　　不过也有基金市场部人士表示，券商始终是基金发行的重要渠道，具有比较强的话语权，基金降低佣金并不是那么好谈的。

But there are also fund marketing say，Securities trader is always an important channel of funds issue，Has the quite strong voice，Fund reduced commission and not so good talk。

　　业内专家分析，若下调20%的水平，意味着基金管理费收入可能减少约50-60亿元，而托管费支付可能减少10-20亿左右。

Industry in the expert analyzes，If a 20% reduction in the level，Means that the fund management fee income may reduce about 50-6 billion yuan，And custodian fee payment may reduce 10-2 billion or so。

　　这也是券商银行“打架门”事件的深层次背景。

This is also the bank securities“Fight door”Events of the deep background。

　　虽然还未正式收到相关降佣通知，但在行情低迷和险资佣金招标的背景下，降佣的可能性非常之大。

Although has not received official notification related drop maid，But in the market downturn and risk information commission under the background of the tender，Drop a maid possibility is very large。

　　至于为什么是20%，21世纪网采访了南方基金首席策略分析师杨德龙表示，“它可能是证监会考虑了行业平均水平、盈利情况，给出的一个指导比例，现在都还没有正式发文。”

As for why is 20%，The 21st century network interview the south fund chief strategy analyst YangDeLong said，“It may be the CSRC considers the industry average、earnings，Given a guidance proportion，Now have not a formal outgoing mail。”

　　券商佣金如果下调，将提高基金盈利水平，未来，如果银行托管费下调，杨德龙表示到时将真正能有利于基金持有人。（21世纪网 凌翥）

Brokers commission if cut，Will raise funds profit level，The future，If the bank trustee fee cut，YangDeLong said will then can really conducive to fund holder。（The 21st century network run Zhu）