Fees and Taxes Charged or Collected by SSE

Category Fee Item Fee Standard* Payer and Receiver* Remark
Trading A Share auction trading Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE After-hours 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  
Preferred stock auction trading Handling fee 0.0001% of trading value (both sides) Paid by SSE members, etc. to SSE  
Depositary Receipt auction trading Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE After-hours fixed-price trading of STAR Market shares
Mutual fund (closed-end fund, ETF and LOF) auction trading Handling fee 0.0045% of trading value (both sides), Paid by SSE members, etc. to SSE After-hours fixed-price trading of STAR Market shares
temporarily exempt for currency ETF and bond ETF
Cash bond (incl. ABS) auction trading, quoting, inquiring and Handling fee 0.0001% of trading value (both sides)(not above CNY 100 per deal) Paid by SSE members, etc. to SSE Cash bond includes T-bond, local government bond,
policy financial bond, corporate bond, enterprise bond, convertible bond,
detachable convertible bond, exchangeable bond and other bonds.
Triparty repo Handling fee Temporarily exempt Paid by SSE members, etc. to SSE  
Bond pledge-style repo Handling fee Temporarily exempt Paid by SSE members, etc. to SSE Term of bond pledge-style repo includes 1, 2, 3, 4, 7, 14, 28 and 28+ days.
T-bond outright repo Handling fee Temporarily exempt Paid by SSE members, etc. to SSE Term of T-bond outright repo includes 7, 28, and 91 days.
bond pledge-style repo on a negotiated basis Handling fee Temporarily exempt Paid by SSE members, etc. to SSE  
Credit protection instrument Handling fee Temporarily exempt Paid by SSE members, etc. to SSE  
Pledge-style repo with quotation Handling fee Temporarily exempt Paid by SSE members, etc. to SSE  
Stock pledge-style repo Handling fee 0.001% of initial trading value, between CNY 5-100 Paid by SSE members, etc. to SSE  
Securities trading with agreed repo Handling fee Charged on initial and buy-back transactions according
to current standards for equities, funds or bonds		 Paid by SSE members, etc. to SSE  
Negotiated transfer of shares Handling fee Same as that for transactions on the secondary market,
charged on both sides, between CNY 50-100,000 on each side		 Paid by both parties to SSE Pre-IPO shares transfer by means of private transfer or placement
Block trading (incl. special block trading session) A Share, B Share Handling fee 30% discount from auction market level Paid by SSE members, etc. to SSE  
Preferred stock Handling fee 90% of 0.0001% of trading value, but not more than CNY 100 per deal (both sides) Paid by SSE members, etc. to SSE  
Depositary receipt Handling fee 30% discount from auction market level Paid by SSE members, etc. to SSE  
Fund (closed-end fund, ETF and LOF) Handling fee 50% discount from auction market level (both sides) Paid by SSE members, etc. to SSE  
Cash bonds (incl. ABS) Handling fee 0.0001% of trading value (both sides) (but not more than CNY 100 per deal) Paid by SSE members, etc. to SSE  
Options Handling fee CNY 3 per contract for options with stocks as underlying; CNY 1.3
for options with ETFs as underlying; temporarily exempt
for selling position		 Paid by SSE members, etc. to SSE  
Transfer of units of asset management scheme Handling fee 0.00009% of value transferred, but not more than CNY 100/ per deal.
Charged on both sides.		 Paid by SSE members, etc. to SSE  
T-bond pre-offering Handling fee Temporarily exempt Paid by SSE members, etc. to SSE  
Issuance Subscription for new shares, issuance of preferred stocks,
subscription for depositary receipts，
subscription for convertible bonds		 Handling fee Temporarily exempt Paid by SSE members, etc. to SSE  
Rights issue, public follow-on offering Handling fee Temporarily exempt Paid by SSE members, etc. to SSE  
Listing RMB common share (A share), RMB special share (B share),
depositary receipt		 Initial listing fee CNY 70,000 for total share capital (A Shares + B Shares) of not more than 200 million
shares (inclusive), temporarily exempted		 Paid by listed companies to SSE  
CNY 100,000 for 200 million - 400 million shares (inclusive), temporarily exempted  
CNY 125,000 for 400 million - 600 million shares (inclusive)  
CNY 150,000 for 600 million - 800 million shares (inclusive)  
CNY 175,000 for more than 800 million shares  
Annual listing fee CNY 25,000 per year for total share capital (A Shares + B Shares) of not more than 200 million shares
(inclusive) as at the end of last year, temporarily exempted		 Paid by listed companies to SSE  
CNY 40,000 per year for 200 million - 400 million shares (inclusive), temporarily exempted  
CNY 50,000 per year for 400 million - 600 million shares (inclusive)  
CNY 60,000 per year for 600 million - 800 million shares (inclusive)  
CNY 75,000 per year for more than 800 million shares  
For company that has been listed for less than 1 year, annual fee
is calculated based on actual months (the month of listing is counted as one whole month.)		  
STAR Market RMB common shares and CDRs Initial listing fee CNY 35,000 for total share capital of not more than 200 million shares (inclusive), temporarily exempted Paid by listed companies to SSE  
CNY 50,000 for 200 million - 400 million shares (inclusive), temporarily exempted  
CNY 62,500 for 400 million - 600 million shares (inclusive), temporarily exempted  
CNY 75,000 for 600 million - 800 million shares (inclusive), temporarily exempted  
CNY 87,500 for more than 800 million shares, temporarily exempted  
Annual listing fee CNY 12,500 per year for total share capital of not more than 200 million shares (inclusive)
as at the end of last year, temporarily exempted		 Paid by listed companies to SSE  
CNY 20,000 per year for 200 million - 400 million shares (inclusive), temporarily exempted  
CNY 25,000 per year for 400 million - 600 million shares (inclusive), temporarily exempted  
CNY 30,000 per year for 600 million - 800 million shares (inclusive), temporarily exempted  
CNY 37,500 per year for more than 800 million shares, temporarily exempted  
For company that has been listed for less than 1 year, annual fee
is calculated based on actual months (the month of listing is counted as one whole month.)		  
Mutual fund (closed-end fund, ETF and LOF) Initial listing fee CNY 30,000; exempt for ordinary LOF and ETF Paid by fund managers to SSE  
Annual listing fee CNY 60,000 per year; exempt for ordinary LOF and ETF Paid by fund managers to SSE  
Bond (incl. ABS) Initial listing fee Temporarily exempt Paid by issuers to SSE  
Annual listing fee Temporarily exempt Paid by issuers to SSE  
Seat Non-B-share seat Initial fee CNY 600,000 per seat Paid by SSE members, etc. to SSE  
B-share seat Initial fee USD 75,000 per seat Paid by SSE members, etc. to SSE  
Participant Business Unit (PBU) PBU use fee Institutions including SSE members can use one PBU for free for each seat they hold.
For additional PBU, the SSE charges use fee of CNY 50,000 per year for each PBU.
(From Dec. 1, 2010, PBU use fee is temporarily exempt for bond spot and repo trading.)		 Paid by SSE members, etc. to SSE  
Flow rate fee If the total flow rate of a member or institution which connects to the SSE trading system
exceeds its free flow rate limit, for the excess flow rate, the fee is CNY 10,000 for each standard flow rate per year.
(From from Dec. 1, 2010, flow rate fee for PBUs is temporarily exempt for bond spot and repo trading)		  
Traffic fee (total number of annual trading orders of institution’s PBUs - 30,000 deals/year × number of seats held)
× CNY 0.10 + (total number of annual non-trading orders of institution’s PBUs - 30,000 deals/year
× number of seats held) × CNY 0.01
Fees that are temporarily exempted:
1. traffic fee of spot trading and repo trading (starting from Dec 1, 2010);
2. traffic fee of trading units in currency ETF and bond ETF trading;
3. traffic fee for options business institutions;
4. traffic fee of trading units generating from fund market makers providing liquidity
(starting from Dec 31, 2019)		  
Other services Fee items, standards and charging methods are as per
the provisions on relevant services.		  

*1.The fee standard in this table includes the price plus taxes.
2.The shares referred to in this table include shares issued on the main board and the STAR Market.

Taxes Withheld by SSE

Category Item Standard Payer and Receiver
Action trading A Share Securities management fee 0.002% of trading value (both sides) Paid by SSE members, etc. to CSRC (collected by SSE)
Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (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)
Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (collected by SSE)
Depitory receipt of the Star Market share Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (collected by SSE)
Block trading A Share Securities management fee 0.002% of trading value (both sides) Paid by SSE members, etc. to CSRC (collected by SSE)
Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (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)
Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (collected by SSE)
Depitory receipt of the Star Market share Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (collected by SSE)
Equity transfer agreement A Share Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (collected by SSE)
Preferred stock Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (collected by SSE)
Depitory receipt of the Star Market share Stamp duty 0.1% of trading value (paied by the seller) Paid by investors to tax authority (collected by SSE)