Next year, fund trading rules will change. Once the new regulations for 2026 are implemented, investors who rely on short-term trading of funds will find it very difficult—redemption costs will increase significantly.

How will the rules change? In simple terms, the fee structure has undergone a major adjustment. Previously, as long as you held the fund for at least 7 days, the redemption fee could be reduced to 0.5%, which was the "golden cutoff point" for many short-term traders. But now, that's no longer available. The new logic is as follows: if you hold for less than 7 days, the redemption fee remains at 1.5%; to reduce the fee to 1%, you need to hold for at least a month; even if you hold for more than a month up to half a year, you still have to pay a fee upon redemption. In plain terms, regulators are amplifying cost differences to push investors toward long-term investment.

The underlying message is clear—the policy aims to curb short-term speculation and promote the concept of medium- to long-term holding. For those who truly want to engage in short-term trading, it's time to change your approach. ETFs might be a good alternative. Why? First, they offer greater autonomy—you can decide when to buy and sell; second, they support T+0 trading, making entry and exit much more flexible; third, this mechanism naturally aligns with short-term strategies. Instead of fighting the new fund regulations, it’s better to switch to tools that are more suitable.