Fees and Taxes Charged or Collected by SSE

Fees and Taxes Charged or Collected by SSE

Fees Charged by SSE

Category Fee Item Fee Standard Payer and Receiver
Trading A Share Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE
B Share Handling fee 0.00487% of trading value (both sides) Paid by SSE members, etc. to SSE
Preferred stock Handling fee 0.0001% of trading value (both sides) Paid by SSE members, etc. to SSE
Mutual fund (closed-end fund, ETF and LOF) Handling fee 0.0045% of trading value (both sides), temporarily exempt for currency ETF and bond ETF Paid by SSE members, etc. to SSE
Warrant Handling fee 0.0045% of trading value (both sides) Paid by SSE members, etc. to SSE
Cash bond (incl. ABS)* Handling fee 0.0001% of trading value (both sides)(not above RMB 100 per deal for fixed-income platform cash transactions) Paid by SSE members, etc. to SSE
Bond pledge-style repo, T-bond outright repo, bond pledge-style repo on a negotiated basis* 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 RMB 5-100 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 RMB 100/ per deal. Charged on both sides. Paid by SSE members, etc. to SSE
Securities trading with agreed repo Handling fee Charged according to current standards on initial and buy-back transactions of equities, funds or bonds Paid by SSE members, etc. to SSE
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
Fund (closed-end fund, ETF, LOF) Handling fee 50% discount from auction market level (both sides) Paid by SSE members, etc. to SSE
Preferred stock Handling fee 90% of 0.0001% of trading value, but not more than RMB 100 per deal ((both sides) Paid by SSE members, etc. to SSE
Cash bonds (incl. ABS) Handling fee 90% of 0.0001% of trading value ((both sides) (but not more than RMB 100 per deal) Paid by SSE members, etc. to SSE
Options Handling fee RMB 3 per contract for options with stocks as underlying; RMB 1.3 for options with ETFs as underlying ; temporarily exempt for selling position Paid by SSE members, etc. to SSE
T-bond pre-offering Handling fee Temporarily exempt Paid by SSE members, etc. to SSE
Share transfer agreement Handling fee Same as that for transactions on the secondary market, charged on both sides, between RMB 50-100,000 on each side Paid by both parties to SSE
Issuance Subscription for new shares, issuance of preferred stocks, 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 Ordinary stock (initial listing fee is temporarily exempt for listed company that is listed between August 1, 2015 and July 31, 2018 with total share capital of not more than 400 million shares (inclusive); annual listing fee is temporarily exempt between January 1, 2016 and December 31, 2018 for listed company with total share capital of not more than 400 million shares.) Initial listing fee RMB 300,000 for total share capital of not more than 200 million shares (inclusive) (A Share, B Share) Paid by listed companies to SSE
RMB 450,000 for 200 million - 400 million shares (inclusive)
RMB 550,000 for 400 million - 600 million shares (inclusive)
RMB 600,000 for 600 million - 800 million shares (inclusive)
RMB 650,000 for more than 800 million shares
Annual listing fee At the end of last year: Paid by listed companies to SSE
RMB 50,000 per year for total share capital of not more than 200 million shares (inclusive) (AShare, B Share)
RMB 80,000 per year for 200 million - 400 million shares (inclusive)
RMB 100,000 per year for 400 million - 600 million shares (inclusive)
RMB 120,000 per year for 600 million - 800 million shares (inclusive) 
RMB 150,000 per year for more than 800 million share
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.)
Preferred stock (please refer to ordinary stock for fee reduction and exemption standards) Initial listing fee RMB 240,000 for total share capital of not more than 200 million shares (inclusive) Paid by listed companies to the SSE
RMB 360,000 for 200 million - 400 million shares (inclusive)
RMB 440,000 for 400 million - 600 million shares (inclusive)
RMB 480,000 for 600 million - 800 million shares (inclusive)
RMB 520,000 for more than 800 million shares
Annual listing fee RMB 40,000 per year for total share capital of not more than 200 million shares (inclusive) at the end of last year: Paid by listed companies to SSE
RMB 64,000 per year for 200 million - 400 million shares (inclusive)
RMB 80,000 per year for 400 million - 600 million shares (inclusive) 
RMB 96,000 per year for 600 million - 800 million shares (inclusive)
RMB 120,000 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.)
Mutual fund (closed-end fund, ETF and LOF) Initial listing fee RMB 30,000; exempt for ordinary LOF Paid by fund managers to SSE
Annual listing fee RMB 60,000; exempt for ordinary LOF Paid by fund managers to SSE
warrant Initial listing fee RMB 200,000 Paid by issuers 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 RMB 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 RMB 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 RMB 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 1. Billing period is from Dec. 1 of the previous year to Nov. 30 of the current year
2. Traffic fee = (total number of annual trading orders of institution’s PBUs - 30,000 deals/year × number of seats held) × RMB 0.10 + (total number of annual non-trading orders of institution’s PBUs - 30,000 deals/year × number of seats held) × RMB 0.01
3. From Dec. 1, 2010, all trading participants are temporarily exempted from traffic fee for bond spot and repo trading.
4. Traffic fee is temporarily exempt for currency ETF and bond ETF trading
5. At the initial period of pilot stock options program, option institutions are temporarily exempted from traffic fee.
Other services Fee items, standards and charging methods are as per the provisions on relevant services.

*1.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.

2.Term of bond pledge-style repo includes 1, 2, 3, 4, 7, 14, 28 and 28+ days.

3. Term of T-bond outright repo includes 7, 28, and 91 days.


Taxes Withheld by SSE

Category Fee item Fee Standard Payer and Receiver
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 (one side) Paid by investors to tax authorizes (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 (one side) Paid by investors to tax authorizes (collected by SSE)
Mutualfund (closed-end fund, ETF and LOF)   Securities management fee Exempt Paid by SSE members, etc. to CSRC (collected by SSE)
Warrant   Securities management fee Exempt Paid by SSE members, etc. to CSRC (collected by SSE)
Cash bond (incl. ABS)*   Securities management fee Exempt Paid by SSE members, etc. to CSRC (collected by SSE)
Block trading A Share, B Share Securities management fee Same as in auction trading Paid by SSE members, etc. to CSRC (collected by SSE)
Mutualfund (closed-end fund, ETF and LOF) Securities management fee Same as in auction trading Paid by SSE members, etc. to CSRC (collected by SSE)
Preferred Stock Securities management fee Same as in auction trading Paid by SSE members, etc. to CSRC (collected by SSE)
Cash bonds (incl. ABS)* Securities management fee Same as in auction trading Paid by SSE members, etc. to CSRC (collected by SSE)

*1. 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.

*Above information is quoted from Shanghai Stock Exchange Factbook.For more information, please Contact Us.