• 12 Futures Firms Earned over RMB100m Net Profit in 2014

    Date:July 31, 2015
    Source:Futures Daily

    To further cut investors’ trading cost, the Shanghai Stock Exchange (SSE), the Shenzhen Stock Exchange (SZSE) and China Securities Depository and Clearing Corporation Limited (CSDC), upon study, plan to lower the charging standards for A-share trading and settlement.
    It is learnt that the handling fee for A-share trading bilaterally charged by the SSE and the SZSE will be adjusted from 0.0696‰ to 0.0487‰ of trading amount, with a drop of 30%, among which 0.00974‰ will be forwarded to China Securities Investor Protection Fund Corporation Limited and 0.03896‰ charged by the exchange. Besides, the transfer fee for A-share trading bilaterally charged by CSDC is adjusted from 0.3‰ of trading par value on the SSE and 0.0255‰ of trading amount on the SZSE respectively to 0.02‰ of trading amount uniformly, a drop of about 33% according to the market data of the recent 2 years. The SSE, the SZSE and CSDC will spare no efforts to complete relevant preparatory work, with an aim to implement these adjustments on August 1.

    [  close  ]