Further Cut Costs to Boost Market: SSE Issues 2025 Fee Reduction Notice

Today, Shanghai Stock Exchange (SSE) announced the Notice on Temporary Waiver of Certain Fees for 2025, outlining a range of fee reduction measures. These include waiving listing fees for companies listed on the SSE, reducing Participant Business Unit (PBU) usage fee, and waiving handling fees for bond transactions excluding convertible bonds. At the same time, the SSE's subsidiaries will reduce fees for trading gateway speed, machine rooms, machine cabinets, and related office resources, as well as costs for SSE Service, SSE Vote, and SSE Cloud. The total expected fee reduction for 2025 is approximately 965 million yuan. The SSE has been cutting more fees every year to improve the business environment, boost market expectations and confidence, and promote steady economic recovery.

The SSE has been implementing directives of the Central Committee of the Communist Party of China (CPC) and the State Council regarding tax and fee reductions, and has introduced a wide range of pro-enterprise policies aimed at supporting the real economy and promoting the high-quality development of the capital market. In recent years, the handling fees for the transaction of stocks, bonds, funds, and REITs on the SSE have been trending downward. For three consecutive years, the listing fees for listed companies, funds, and REITs have all been waived. Additionally, for four years running, the SSE has reduced PBU usage fees for members and other main market players. The SSE's subsidiaries have also reduced related service fees for listed companies and business operators for three straight years, along with ongoing reductions in fees for data center machine rooms, machine cabinets, and related office resources used by business operators over the past three years.

Moving forward, the SSE will follow through on the spirit of the 20th CPC National Congress and the Third Plenary Session of the 20th CPC Central Committee, as well as the requirements of the Central Economic Work Conference. The SSE will continue to leverage the functions of the capital market to invigorate main market players, striving to support the cause of Chinese modernization and high-quality economic development.