Reuters, Beijing, June 30-China’s Shanghai and Shenzhen Stock Exchanges both issued announcements on Wednesday that both lowered the fund transaction handling fee, and the Shanghai Stock Exchange also lowered the transaction unit usage fee, from 50,000 yuan per transaction unit to 45,000 yuan per year.
According to the Shenzhen Stock Exchange’s announcement, starting from July 19, the Shenzhen Stock Exchange’s fund transaction handling fee has been lowered from 0.00487% of the transaction amount to a bilateral charge of 0.004% of the transaction amount. Fund block transaction handling fees are charged bilaterally at 50% of the adjusted standard fee rate.
This is another reduction on the basis of the 2015 reduction in fund transaction handling fees. It is an important measure to implement the relevant tax and fee reduction policies, further reduce the cost of market participation, and stimulate market vitality.
According to the Shanghai Stock Exchange issued on the same day the “Notice on Lowering the Fees for Fund Transaction Handling Fees and Transaction Unit Usage Fees.” Starting from July 19, the SSE Fund Transaction Handling Fee will be charged bilaterally at 0.0045% of the transaction amount and reduced to 0.004% of the transaction amount.
The fee standard for the handling fee for block transactions of funds fluctuates simultaneously according to the adjusted standard fee rate, and the downward range remains unchanged, that is, 50% of the bidding transaction handling fee is charged to both buyers and sellers. The fee standard for the use of trading units has been reduced from RMB 50,000 per year for each trading unit to RMB 45,000 per year for each trading unit.
The relevant person in charge of the Shanghai Stock Exchange stated that, on the basis of the continuous substantial reduction or exemption of listing, bond, fund and other business expenses in the previous few years, the Shanghai Stock Exchange has further waived the initial listing fee for all newly listed companies in early June this year in light of market conditions. , To lower the listing fees of listed companies with a total share capital of less than 800 million shares (inclusive). (Finish)
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