Fees and Taxes Charged or Collected by SSE

Category Fee Item Fee Standard* Payer and Receiver Temporary Adjustments Remarks
Trading A Share auction trading Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE   Including after-hour fixed-price trading of STAR Market shares
B Share auction trading Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE    
Depository Receipt auction trading Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE   Including after-hour fixed-price trading of STAR Market depository receipts
Exchangeable bond for stock Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE    
Negotiated transfer of shares Handling fee Same as that for auction trading on the secondary market, charged on both sides, between CNY 50-100,000 on each side Paid by both parties to SSE   Including private transfer or placement of Pre-IPO shares of STAR Market companies
Preferred stock auction trading Handling fee 0.0001% of trading value (both sides) Paid by SSE members, etc. to SSE    
Cash bond (incl. ABS) auction trading, quoting, inquiring, sell-back and negotiated trading Handling fee 0.0001% of trading value (both sides), not above CNY 100 per transaction Paid by SSE members, etc. to SSE Temporarily exempt between July 1st 2022 and June 30th 2025 Cash bond includes T-bond, local government bond, policy financial bond, corporate bond, enterprise bond, exchangeable bond and other bonds.
Convertible bond auction trading, quoting, inquiring, sell-back and negotiated trading Handling fee 0.004% of trading value (both sides) Paid by SSE members, etc. to SSE 1. Temporarily exempt between July 1st 2022 and June 30th 2025, expect for convertible bond of listed companies;
2. Handling fee for convertible bond sell-back temporarily exempt between July 1st 2022 and June 30th 2025		  
T-bond pre-offering Handling fee Refer to fee standard for cash bond trading of T-bond Paid by SSE members, etc. to SSE Temporarily exempt during pilot program  
Credit protection instrument Handling fee 0.00015% of nominal value of principal (both sides), not above CNY 200 per transaction Paid by SSE members, etc. to SSE Temporarily exempt during pilot program Including credit protection agreement and credit protection warrant
Transfer of units of asset management scheme Handling fee 0.00009% of value transferred (both sides), not above CNY 100 per transaction Paid by SSE members, etc. to SSE Temporarily exempt between January 1st 2022 and December 31st 2022  
Mutual fund (closed-end fund, ETF and LOF) auction trading Handling fee 0.004% of trading value (both sides) Paid by SSE members, etc. to SSE Temporarily exempt for money market ETF and bond ETF  
Infrastructure Public REITs auction trading Handling fee 0.0045% of trading value (both sides) Paid by fund managers to SSE Temporarily exempt during pilot program Including tender offer for non-restricted units
Infrastructure Public REITs quoting, inquiring, designated-counterpart and negotiated trading Handling fee 50% discount on the fee for the auction trading of the same product (both sides) Paid by fund managers to SSE Temporarily exempt during pilot program  
Options Handling fee CNY 3 per contract for options with stocks as underlying; CNY 1.3 per contract for options with ETFs as underlying Paid by options market institutions to SSE Handling fee for opening sell positions temporarily exempt  
Triparty repo Handling fee 0.00005% of trading value (both sides) for 1-day, 0.00015% of trading value (both sides) for other duration, not above CNY 200 per transaction Paid by SSE members, etc. to SSE Temporarily exempt during pilot program  
Bond pledge-style repo Handling fee 0.00005% of trading value (both sides) for 1-day, 0.00015% of trading value (both sides) for other duration, not above CNY 100 per transaction Paid by SSE members, etc. to SSE Temporarily exempt during pilot program  
Bond pledge-style repo on a negotiated basis Handling fee 0.00005% of trading value (both sides) for 1-day, 0.00015% of trading value (both sides) for other duration, not above CNY 200 per transaction Paid by SSE members, etc. to SSE Temporarily exempt during pilot program  
Pledge-style repo with quotation Handling fee 0.00005% of trading value charged on securities firm for 1-day, 0.00015% of trading value charged on securities firm for other duration, not above CNY 200 per transaction Paid by SSE members, etc. to SSE Temporarily exempt during pilot program  
Stock pledge-style repo Handling fee 0.001% of initial trading value charged on borrowing side, between CNY 5-100 Paid by SSE members, etc. to SSE    
Securities trading with agreed repo Handling fee Charged for initial and buy-back transactions according to current standards for cash trading of equities, funds or bonds Paid by SSE members, etc. to SSE Temporarily exempt for bond trading with agreed repo between July 1st 2022 and June 30th 2025, expect for convertible bond of listed companies;  
Block trading (incl. special block trading session) A Share, B Share Handling fee 30% discount on the fee for the auction trading of the same product Paid by SSE members, etc. to SSE    
Depository receipt Handling fee 30% discount on the fee for the auction trading of the same product Paid by SSE members, etc. to SSE    
Preferred stock Handling fee 90% of 0.0001% of trading value, not more than CNY 100 per transaction (both sides) Paid by SSE members, etc. to SSE    
Fund (closed-end fund, ETF and LOF) Handling fee 50% discount on the fee for the auction trading of the same product (both sides) Paid by SSE members, etc. to SSE    
Infrastructure Public REITs Handling fee 50% discount on the fee for the auction trading of the same product (both sides) Paid by fund managers to SSE    
Listing Main Board RMB common share (A share), RMB special share (B share), and depository receipt Initial listing fee CNY 70,000 for total share capital (number of shares) not exceeding 200 million shares (inclusive) Paid by listed companies to SSE Temporarily exempt Fee for preferred stock is calculated as 80% of the fee for the corresponding segment, and fee exemptions for the same segment apply.
Listed companies from Hubei Province are exempt from initial listing fee and annual listing fee until December 31st 2022 (inclusive).
CNY 100,000 for 200 million - 400 million shares (inclusive) Temporarily exempt
CNY 125,000 for 400 million - 600 million shares (inclusive) Temporarily exempt between January 1st 2022 and December 31st 2022
CNY 150,000 for 600 million - 800 million shares (inclusive) Temporarily exempt between January 1st 2022 and December 31st 2022
CNY 175,000 for more than 800 million shares Temporarily exempt between January 1st 2022 and December 31st 2022
Annual listing fee CNY 25,000 per year for total share capital (number of shares) not exceeding 200 million shares (inclusive) as of the end of last year Paid by listed companies to SSE Temporarily exempt
CNY 40,000 per year for 200 million - 400 million shares (inclusive) Temporarily exempt
CNY 50,000 per year for 400 million - 600 million shares (inclusive) Temporarily exempt between January 1st 2022 and December 31st 2022
CNY 60,000 per year for 600 million - 800 million shares (inclusive) Temporarily exempt between January 1st 2022 and December 31st 2022
CNY 75,000 per year for more than 800 million shares Temporarily exempt between January 1st 2022 and December 31st 2022
For companies that have been listed for less than 1 year, annual fee is calculated based on actual months of listing (the month of listing is counted as one whole month.)  
STAR Market RMB common share and depository receipt Initial listing fee CNY 35,000 for total share capital (number of shares) not exceeding 200 million shares (inclusive) Paid by listed companies to SSE Temporarily exempt Fee for preferred stock is calculated as 80% of the fee for the corresponding segment, and fee exemptions for the same segment apply.
Listed companies from Hubei Province are exempt from initial listing fee and annual listing fee until December 31st 2022 (inclusive).
CNY 50,000 for 200 million - 400 million shares (inclusive) Temporarily exempt
CNY 62,500 for 400 million - 600 million shares (inclusive) Temporarily exempt
CNY 75,000 for 600 million - 800 million shares (inclusive) Temporarily exempt
CNY 87,500 for more than 800 million shares Temporarily exempt
Annual listing fee CNY 12,500 per year for total share capital (number of shares) not exceeding 200 million shares (inclusive) as of the end of last year Paid by listed companies to SSE Temporarily exempt
CNY 20,000 per year for 200 million - 400 million shares (inclusive) Temporarily exempt
CNY 25,000 per year for 400 million - 600 million shares (inclusive) Temporarily exempt
CNY 30,000 per year for 600 million - 800 million shares (inclusive) Temporarily exempt
CNY 37,500 per year for more than 800 million shares Temporarily exempt
For companies that have been listed for less than 1 year, annual fee is calculated based on actual months of listing (the month of listing is counted as one whole month.)  
Mutual fund (closed-end fund, ETF, and LOF) Initial listing fee CNY 30,000 Paid by fund managers to SSE Temporarily exempt for ETF and ordinary LOF  
Annual listing fee CNY 60,000 per year Paid by fund managers to SSE Temporarily exempt for ETF and ordinary LOF  
Infrastructure Public REITs Initial listing fee CNY 30,000, not to be charged again for follow-up offering under the same REITs ticker Paid by fund managers to SSE Temporarily exempt  
Annual listing fee CNY 60,000 per year, charged once per year for the same REITs ticker regardless of follow-up offering Paid by fund managers to SSE Temporarily exempt  
Bond (incl. ABS) Initial listing fee 0.01% of total value listed, between CNY 5,000-20,000, exempt for issuers who already have stocks or bonds listed on the SSE Paid by issuers to SSE Temporarily exempt  
Annual listing fee 0.0005% of total value listed, between CNY 1,000-10,000 per issuer, exempt for issuer who is a listed company on the SSE Paid by issuers to SSE Temporarily exempt  
For bonds that have been listed for less than 1 year, annual fee is calculated based on actual months of listing (the month of listing is counted as one whole month.)  
Participant Business Unit (PBU) PBU usage fee Institutions including SSE members can use one PBU for free for each seat they hold. For additional PBU, the SSE charges usage fee of CNY 45,000 per year for each PBU. Paid by SSE members, etc. to SSE PBU usage fee for cash and repo bond trading temporarily exempt; PBU usage fee lowered to CNY 30,000 per year for each PBU between July 1st 2022 and June 30th 2023. Billing period is between December 1st of the previous year and November 30th of the current year.
Other services Fee items, standards and charging methods are as per the provisions on relevant services.

*1. This table is compiled according to the Shanghai Stock Exchange Guideline No. 1 for the Application of Rules on the Administration of Fees—Fee Items and Standards.
2. The fee standard in this table includes the price plus taxes.
3. The shares referred to in this table include shares listed on the Main Board and on the STAR Market.

Taxes Withheld by SSE

Category Fee Item Fee Standard Payer and Receiver
Auction trading A Share Securities management fee 0.002% of trading value (both sides) Paid by SSE members, etc. to CSRC (collected by SSE)
B Share Securities management fee 0.002% of trading value (both sides) Paid by SSE members, etc. to CSRC (collected by SSE)
Preferred stock Securities management fee 0.002% of trading value (both sides) Paid by SSE members, etc. to CSRC (collected by SSE)
Block trading A Share Securities management fee Same as for this category in auction trading Paid by SSE members, etc. to CSRC (collected by SSE)
B Share Securities management fee Same as for this category in auction trading Paid by SSE members, etc. to CSRC (collected by SSE)
Preferred stock Securities management fee Same as for this category in auction trading Paid by SSE members, etc. to CSRC (collected by SSE)