File photo provided by the Shanghai Stock Exchange (SSE) shows an outside view of the SSE in Shanghai, east China. (Xinhua)
BEIJING, Aug. 21 (Xinhua) -- Chinese securities regulator guided bourses in Beijing, Shanghai and Shenzhen to lower securities trading handling fees from August 28 to further invigorate capital market, reported Xinhua Finance on August 18.
Shanghai Stock Exchange and Shenzhen Stock Exchange will slash by 30 percent their A-share and B-share trading handling fee rates for both sides to 0.00341 percent of trade value from 0.00487 percent of trade value from next Monday.
On Beijing Stock Exchange which already dropped its securities trading handling fee rate by 50 percent in December 2022, the handling fee rate for both the payers and receivers will be cut by another 50 percent this time to 0.0125 percent of related trade value.
China Securities Regulatory Commission (CSRC), the securities regulator, also said to guide securities companies to be well prepared for client contracts change and adjustment of related trading parameters and reduce pursuant to the laws and regulations their brokerage commission rates to bring more benefits to investors.
In the future, CSRC will continue to guide futures transaction and settlement service providers and other related industry associations to materialize regulatory tax and fee reduction requirements to better leverage the capital market in serving economic development of higher quality. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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