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To promote the development of fixed income securities market, the Shanghai Stock Exchange (SSE), upon approval by the China Securities Regulatory Commission, has recently adjusted the charges for listing and trading of fixed income products. The adjusted charge standard will be implemented and issued today to all its member units and bonds issuers.
According to the new standard, the bonds’ commission charges for online issuance and the initial and monthly fees for listing will be temporarily free. But the already-charged listing fees will not be adjusted. The bonds include treasury bonds, enterprise bonds, corporate bonds, convertible bonds, convertible bonds of discrete transaction and asset-backed beneficiary certificates, etc.
Spot bonds' trading commission will be charged at not more than 0.2‰ of the turnover, with the minimum charge of RMB1. The trading brokerage of bonds traded through the auction trading system is charged at 0.01‰ of the turnover; that of corporate bonds traded simultaneously through the auction trading system and the comprehensive electronic platform of fixed income securities at 0.01‰ of the turnover, with the maximum charge of RMB150 per transaction. The securities trading supervision fee is charged at 0.01‰ of the turnover. As for the trading fee of securities repos or the commission and brokerage of new general collateral repos, different products will be charged at different proportions of the turnover. The charge standard for enterprise bonds' repo commission and trading brokerage will remain unchanged.
