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Q: In 2012, SSE, SZSE and SD&C significantly reduced the handling fees and transfer fees of A-share transactions. Are you considering cutting fees further in the near future?
A: In order to further reduce the transaction cost for investors, SSE, SZSE and SD&C have decided to cut A-share transaction and settlement related fees. The handling fees charged by SSE and SZSE on A-share transactions will decrease by 30% from the current 0.0696‰ of traded value (two ways) to 0.0487‰ of traded value (two ways), with 0.00974‰ to be transferred to the Investor Protection Fund and remaining 0.03896‰ to be paid to SSE and SZSE. The transfer fees charged by SD&C on A-share transactions will decrease from the current 0.3‰ of traded value (two ways) at SSE and 0.0255‰ of traded value (two ways) at SZSE to the same 0.0255‰ of traded value (two ways), or roughly down by 33% based on the market data of the previous two years. Currently, SSE, SZSE and SD&C are prepararing for the rate cuts, which will come into effect on August 1.
