SZSE Launches the Fee Reduction Measures for 2024 to Boost Investor Confidence and Promoting Overall Development
Recently, SZSE issued theNotice on Fee Reduction and Exemption for 2024, launching several fee reduction measures, including waiving listing fees for SZSE-listed companies and funds, and exempting transaction unit flow fees for funds, bonds (excluding convertible bonds) and asset-backed securities. Additionally, SZSE's subsidiaries, Shenzhen Securities Communication Co., Ltd. and Shenzhen Securities Information Co., Ltd., will reduce or exempt fees for SZSE market transaction communication gateway software services, wide area network (WAN) line access services and online voting services for shareholders' meetings. It is expected that the total fee reduction and exemption in 2024 will exceed CNY 320 million, marking a continued increase in fee reduction efforts.
In recent years, SZSE has actively implemented the tax and fee reduction policies of the CPC Central Committee and the State Council according to the goal of serving the real economy and overall development, and has launched many fee reduction measures like waiving listing fees for SZSE-listed companies and funds, reducing online voting service fees for shareholders' meetings of listed companies to a half, exempting transaction flow fees and handling fees for bonds (excluding convertible bonds) and waiving transaction flow fees for funds. These measures have effectively lightened the financial load of market participants and optimized the business environment. Notably, in August 2023, SZSE reduced the stock transaction handling fee by 30%. Concurrently, relevant departments of CSRC and its local offices guided securities companies to lower commission rates, transmitting the fee reduction benefits to investors and significantly boosting investor confidence.
Next, SZSE will thoroughly implement the spirit of the Central Economic Work Conference and the Central Financial Work Conference, persist in systems thinking, uphold fundamental principles and break new ground, continuously research and launch scientifically sound and reasonable measures to reduce fees and lighten burdens of investors, so as to solidly play the role of capital market in supporting the real economy, and make active contribution in promoting high-quality economic development and supporting the overall economic and social development.
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