On May 28, SZSE issued the Notice on Cutting Stock Listing Fees. After relevant procedures are completed, SZSE will temporarily waive the listing fees for listed companies with a total share capital of not more than CNY 800 million beginning on 1 June 2021, and extend the preferential policy of waiving the listing fees for Hubei-based listed companies to 31 December 2022.
SZSE’s stock listing fees include the initial listing fee and the annual listing fee and are charged at a fixed rate based on the listed company’s total share capital. This is the third cut made by SZSE after the reductions in 2012 and 2019 respectively. After the new standard for charging the listing fees is in force, the listing fees for SZSE-listed companies with a total share capital of not more than CNY 800 million will be waived. According to statistics, over 65% of SZSE-listed companies will see their listing fees waived with the new standard taking effect.
Relevant official of SZSE said that the fee cut was an important measure of SZSE to actively implement the tax and fee reduction policy of the CPC Central Committee and the State Council, serve the real economy, reduce the burdens of market entities, and further support the high-quality development of listed companies. Since the outbreak of the Covid-19 pandemic, SZSE has issued a number of measures to support Hubei in fighting the pandemic and recovering its economy after the pandemic, and has provided services for Hubei-based companies to make use of the capital market to accelerate their development. Extending the preferential policy of waiving the listing fee of listed companies based in Hubei to the end of 2022 is another practical measure that SZSE adopts to assist in Hubei’s post-pandemic economic recovery. Next, SZSE will continue to give play to the role of the capital market as a hub. Adhering to our founding mission of serving the real economy, SZSE will improve the quality and efficiency of services to assist in the high-quality development of listed companies.
