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SZSE Securities Trading Fee and Relevant Tax Schedule
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(Updated as of September 19, 2008) |
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Payer |
Fees |
Items |
Fee Standards |
Remarks |
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Investor |
Commission |
A Share |
Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: RMB 5
(Tender offer service fee is charged by reference to A Share fee standards.) |
Paid by investors to securities firms |
|
B Share |
Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: HKD 5 |
|
Mutual Fund |
Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: RMB 5 |
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Warrants |
Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: RMB 5 |
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T-bond Spot |
Not more than 0.02% of the traded value |
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Enterprise Bond/Corporate Bond Spot |
Not more than 0.02% of the traded value |
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T-bond Repo |
1 day Not more than 0.001% of the traded value
2 days Not more than 0.002% of the traded value
3 days Not more than 0.003% of the traded value
4 days Not more than 0.004% of the traded value
7 days Not more than 0.005% of the traded value
14 days Not more than 0.01% of the traded value
28 days Not more than 0.02% of the traded value
Over 28 days Not more than 0.03% of the traded value |
|
Other Bond Repo |
1 day Not more than 0.001% of the traded value
2 days Not more than 0.002% of the traded value
3 days Not more than 0.003% of the traded value
7 days Not more than 0.005% of the traded value |
|
Convertible Bond |
Not more than 0.1% of the traded value |
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Specific Asset Management Plan |
Not more than 0.02% of the traded value |
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A Share Transfer on OTC market |
0.3% of the traded value |
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B Share Transfer on OTC market |
0.4% of the traded value |
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Transaction Levy for Securities Transactions |
A Share |
Charged on both sides at 0.1475‰ of the traded value |
1. Collected by SZSE (provision for risk fund is made by SZSE itself and is not subject to additional collection)
2. Levy for block trades: 30% lower than standard fee rates for A Shares; 50% lower than standard fee rates for B Shares and mutual funds; and at the same level as for bonds and bond repo.
3. Included in commissions |
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B Share |
Charged on both sides at 0. 301‰ of the traded value |
|
Mutual Fund |
Charged on both sides at 0.0975‰ of the traded value |
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Warrants |
Charged on both sides at 0.045‰ of the traded value |
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T-bond Spot |
RMB 0.1 per trade for any transaction with traded value lower than RMB 1 million (inclusive) |
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RMB 10 per trade for any transaction with traded value more than RMB 1 million |
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Enterprise Bond/Corporate Bond Spot |
RMB 0.1 per trade for any transaction with traded value lower than RMB 1 million (inclusive) |
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RMB 10 per trade for any transaction with traded value more than RMB 1 million |
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T-bond Repo |
RMB 0.1 per trade for any transaction with traded value lower than RMB 1 million (inclusive). No charge on reverse trade |
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RMB 1 per trade for any transaction with traded value more than RMB 1 million. No charge on reverse trade |
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Other Bond Repo |
RMB 0.1 per trade for any transaction with traded value lower than RMB 1 million (inclusive). No charge on reverse trade |
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RMB 1 per trade for any transaction with traded value more than RMB 1 million. No charge on reverse trade |
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Convertible Bond |
Charged on both sides at 0. 04‰ of the traded value |
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Specific Asset Management Plan |
RMB 0.1 per trade for any transaction with traded value lower than RMB 1 million (inclusive) |
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RMB 10 per trade for any transaction with traded value more than RMB 1 million |
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A Share Transfer on OTC market |
Charged on both sides at 0. 1‰ of the traded value |
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B Share Transfer on OTC market |
Charged on both sides at 0. 13‰ of the traded value |
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Regulatory Levy for Securities Transactions |
A Share |
Charged on both sides at 0. 04‰ of the traded value |
1. Collected by SZSE on behalf of the CSRC
2. Included in commissions |
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B Share |
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Mutual Fund |
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Warrants |
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Enterprise Bond/Corporate Bond Spot |
Charged on both sides at 0. 01‰ of the traded value |
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Convertible Bond |
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Specific Asset Management Plan |
Charged on both sides at 0. 01‰ of the transferred value |
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T-bond Repo |
Charged on both sides at 0. 01‰ of the traded value (deducted from transaction levy and not charged separately) |
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A Share Transfer on OTC market |
Charged on both sides at 0. 5‰ of the traded value |
1. Collected by SZSE on behalf of the SAC
2. Included in commissions |
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B Share Transfer on OTC market |
Charged on both sides at 0. 67‰ of the traded value |
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Stamp Duty on Securities Transactions |
A Share |
Charged on the transferor at 1‰ of the traded value. No charge on the transferee |
Withheld by SZSE on behalf of tax authorities |
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B Share |
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A Share on OTC market |
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B Share on OTC market |
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Issuer |
Initial Listing Fee |
A Share |
RMB 30,000 |
Collected by SZSE |
|
B Share |
RMB 30,000 |
|
T-bond |
Waived |
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Enterprise Bond/Corporate Bond |
Waived temporarily |
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Mutual Fund |
RMB 30,000 |
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Warrants |
RMB 200,000 |
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Specific Asset Management Plan |
Waived temporarily |
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Monthly Listing Fee |
A Share |
RMB 500 for share capital lower than RMB 50 million; RMB 100 extra for each additional capital of RMB 10 million. Maximum charge: RMB 2,500 |
|
B Share |
|
Bond |
Waived temporarily |
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Mutual Fund |
RMB 5,000 |
|
Specific Asset Management Plan |
Waived temporarily |
|
Member |
Seat Fee |
Seat |
RMB 0.6 million/ seat |
Collected by SZSE |
|
Trading Unit Fee |
Trading Unit |
1. Trading unit use fee
RMB 30,000 per year is charged for each additional trading unit used by members beyond the number of trading seats (i.e., seats that have paid initial seat fee).
2.Flow rate
RMB 9,600 per year is charged per transmission unit (25 deals/ second) used by members beyond the number of trading seats (i.e., seats that have paid initial seat fee).
3. Discharge rate
RMB 0.1 for each trading order (buy order, sell order or cancelling order) and RMB 0.01 for each non-trading order (any order other than buy order, sell order and cancelling order). |
