SSE Cuts Stock Transaction Handling Fee by 30%

Today, the Shanghai Stock Exchange (SSE) issued the Notice on Adjusting the Standard for Stock Transaction Handling Fee. Starting from August 28, 2023, the handling fee for A-share and B-share transactions will be reduced from 0.00487% of the turnover on both sides to 0.00341% on both sides, a reduction of 30%.

An official from the SSE stated that this is another adjustment of the stock transaction handling fee after the previous reduction in 2015. It is a significant measure for the SSE to actively implement the spirit of the meeting of the Political Bureau of the CPC Central Committee and the arrangements of the relevant State Council meetings, which is conducive to further revitalizing the capital market and reducing transaction costs. In recent years, the SSE has implemented the relevant arrangements and requirements of the CPC Central Committee and the State Council on the reduction of relevant taxes and fees, introduced fee reduction measures many times with increasing efforts, expanded the scope of benefits and boosted market confidence. In the next step, the SSE will focus on key areas of capital market reform, promote the improvement of various supporting systems and mechanisms for medium and long-term investment, and constantly optimize the ecology of the capital market to enhance its attractiveness and effectively give full play to the functions of the capital market.
 

Notice on Adjusting the Standard for Stock Transaction Handling Fee