MARKET PARTICIPANT

FEE ITEM*

SECURITY TYPE

FEE

REMARKS

Issuers

Initial Listing Fee

A-shares / B-shares

• Total shares outstanding ≤ 200M: RMB 300,000
• Total shares outstanding 200M–400M (inclusive): RMB 450,000
• Total shares outstanding 400M–600M (inclusive): RMB 550,000
• Total shares outstanding 600M–800M (inclusive): RMB 600,000
• Total shares outstanding > 800M: RMB 650,000

1. Effective June 1, 2021, initial listing fees are temporarily waived for listed companies with total shares outstanding ≤ 800 million shares. For listed companies with total shares outstanding > 800 million shares, the fee is halved, rounded, and then halved again (i.e., RMB 175,000); for ChiNext companies, it is further halved (i.e., RMB 87,500). Total shares outstanding is the aggregate of A shares and B shares.

2. Initial listing fees for SZSE-listed companies are waived from 2022 to 2026.

Preferred Shares

Charged at 80% of the common stock standard during the pilot period.

Funds

RMB 30,000

1. Initial listing fees for ETFs are temporarily waived.

2. Initial listing fees for funds are waived from 2022 to 2026.

Warrants

RMB 200,000

Enterprise Bonds / Corporate Bonds

Temporarily waived

Convertible Corporate Bonds / Exchangeable Corporate Bonds

Temporarily waived

Asset-Backed Securities (ABS)

Temporarily waived

Annual Listing Fee

A-shares / B-shares

• Total shares outstanding ≤ 200M: RMB 50,000
• Total shares outstanding 200M–400M (inclusive): RMB 80,000
• Total shares outstanding 400M–600M (inclusive): RMB 100,000
• Total shares outstanding 600M–800M (inclusive): RMB 120,000
• Total shares outstanding > 800M: RMB 150,000

1. Effective June 1, 2021, annual listing fees are temporarily waived for listed companies with total shares outstanding ≤ 800 million shares. For listed companies with total shares outstanding > 800 million shares, the fee is halved (i.e., RMB 75,000); for ChiNext companies, it is further halved (i.e., RMB 37,500). Total share capital is the sum of A and B shares.

2. Annual listing fees for SZSE-listed companies are waived from 2022 to 2026.

Preferred Shares

Charged at 80% of the common stock standard during the pilot period.

Funds

RMB 60,000

1. Effective January 1, 2020, annual listing fees for ETFs are temporarily waived.

2. Annual listing fees for funds are waived from 2022 to 2026.

Enterprise Bonds / Corporate Bonds

Temporarily waived

Convertible Corporate Bonds / Exchangeable Corporate Bonds

Temporarily waived

Asset-Backed Securities (ABS)

Temporarily waived