SHANGHAI, Dec 23 (Reuters) – Chinese securities regulators announced on Friday that some fees will be reduced or waived in 2023 in a bid to limit trading costs for market participants.
The China Financial Futures Exchange (CFFEX), the operator of China’s derivatives markets, has said it will halve delivery charges for bond and stock index futures in 2023. It will also halve costs related to the exercise of index options.
“These provisions will effectively reduce the cost of financial transactions, better meet investors’ risk management needs and strengthen financial support to the real economy,” CFFEX said.
In a separate statement, the Shanghai and Shenzhen stock exchanges announced that they would waive some fees in 2023 also to strengthen the real economy and reduce stakeholder charges.
Listed companies will be temporarily exempt from IPO and annual maintenance fees.
China’s State Council had urged various government bodies to lower fees and taxes to support an economy struggling with the consequences of the COVID-19 epidemic. (Shanghai office, French version Laetitia Volga, edited by Kate Entringer)
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