According to the Notice, SZSE will roll out a combination of fee reduction measures for 2023, exempting the listing fees for the SZSE-listed companies and funds and exempting the trade unit traffic fees for funds, bonds (excluding convertible bonds) and asset-backed securities. In addition, Shenzhen Securities Communication Co., Ltd. and Shenzhen Securities Information Co., Ltd., both affiliated to SZSE, will respectively cut or exempt the communication gateway software service fees for trading in the SZSE market, the WAN access service fees and the service fees for the online voting of shareholders’ meetings. The combined reductions of fees are expected to exceed RMB300 million, up 161% from 2022.

Over the last years, SZSE has actively implemented the policies of the CPC Central Committee and the State Council about the reduction of taxes and fees, and launched fee reduction measures several times to benefit enterprises and individuals in the real sense. According to the new fee reduction policy, SZSE will exempt the listing fees for listed companies in an all-round way for two years in a row, to actually ease the burden on corporate entities. Also, no fees will be charged for the listing or trading of bonds (excluding convertible bonds) on SZSE, so that all fees that could be removed are exempted, Besides, funds will be exempted from the listing fees for two years in a row, while the trading fee rate will be cut to a lower level, and the traffic fees for fund trading will be exempted as well. Moreover, the companies under SZSE introduce the measures to significantly cut or exempt fees for the SZSE-listed companies and market participants (particularly the small and medium-sized institutions), a move expected to boost fintech levels and lower the cost of market participants.

According to an official in charge at SZSE, earnestly following the guiding principles of the Central Economic Work Conference and continuously implementing the policy package aimed to stabilize the economy, SZSE has further leveraged the role of the capital market in serving real economy and energized the vitality of market participants. By stepping up the fee reduction and expanding the scope of beneficiaries through the roll-out of combined fee reduction measures, SZSE has boosted the sense of gain among listed companies, investors and market participants and shored up market confidence. Next, SZSE will give further play to the role of the capital market as a platform, stay true to its original aspiration of serving real economy and elevate service quality and efficiency to new heights, so as to contribute to the high-quality development of the economy.