The Shanghai Stock Exchange has lowered the handling fee for stock trading by 30%. Stock trading | B-shares | Handling fee
Today, the Shanghai Stock Exchange issued a notice on adjusting the charging standards for stock trading fees. Starting from August 28, 2023, the trading fees for A-share and B-share stocks will be reduced from a two-way fee of 0.00487% of the transaction amount to a two-way fee of 0.00341% of the transaction amount, a decrease of 30%.
The relevant person in charge of the Shanghai Stock Exchange stated that the adjustment of the handling fee standard for stock trading this time is another downward adjustment based on 2015. It is an important measure for the Shanghai Stock Exchange to actively implement the spirit of the Central Political Bureau meeting and the deployment of relevant meetings of the State Council, which is conducive to further activating the capital market and reducing trading costs. In recent years, the Shanghai Stock Exchange has implemented the requirements of the Central Committee of the Communist Party of China and the State Council for tax reduction and fee reduction, repeatedly introduced fee reduction measures, continuously increased the intensity of fee reduction, expanded the scope of benefits, and boosted market confidence. Next, the Shanghai Stock Exchange will focus on key areas of capital market reform, promote the improvement of various medium and long-term funding support systems and mechanisms, continuously optimize the capital market ecosystem, enhance the attractiveness of the capital market, and effectively play the role of the capital market.
The handling fees for A-share and B-share securities trading on the Shenzhen Stock Exchange have also been lowered by 30%.