Shanghai Gold Exchange: Notice On Transaction Fee Rates Adjustment In 2024

In resolute implementation of the major decisions and plans of the Party Central Committee, the State Council, and the Party committee of the People's Bank of China regarding financial support for the real economy, the Shanghai Gold Exchange will continue to adopt various measures in 2024 to reduce the transaction cost for investors. These measures aim to practically serve the industry, the market, and our members, ensuring the sustainable and healthy development of the market. The specific measures are as follows:

From January 1, 2024 to December 31, 2024, the transaction fee rates for Au(T+D), mAu(T+D), and Ag(T+D) contracts will be 0.015%. The transaction fee rates for Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 contracts will be 0.01%. The short-term opening transaction fee rates for Au(T+D), mAu(T+D) contracts will be 0.0125%.

From January 1, 2024, to December 31, 2024, the transaction fee rates for main board physical gold spot contracts including Au99.99, Au99.95, Au100g, Au99.5 will be 0.03%. Transaction fees for Ag99.99 contracts will be exempted.

From January 1, 2024, to December 31, 2024, members are exempted from transaction fees for Shanghai Gold, Shanghai Silver benchmark pricing contracts, performance-guarantee price asking contracts, and Panda Gold Coin contracts.

From January 1, 2024, to December 31, 2024, the transaction fee rates for International Board price matching contracts including iAu99.99, iAu99.5, and iAu100g will be 0.005%. The transaction fee rates for International Board price asking contracts including spot/forward transactions of iPAu99.99, iPAu99.5, and iPAu100g with physical delivery will be 0.01%.

From January 1, 2024, to December 31, 2024, for international members participating in the International Board price asking contract iPAu99.99, iPAu99.5, and iPAu100g swap transactions with physical delivery, the discounted rate will be applied based on the far leg maturity date in the SGE system, detailed as follows: TOM (inclusive) to SPOT (inclusive) fee rate is 0.0002%, 1D (inclusive) to 2W (excluded) fee rate is 0.001%, 2W (inclusive) to 3W (excluded) fee rate is 0.0025%, 3W (inclusive) to 2M (excluded) fee rate is 0.005%, and 2M (inclusive) or above fee rate remains unchanged at 0.01%.