China Regulator to Lower Supervision Fee for Exchanges
(Corrects size of stock exchange fee cut in second paragraph.)
The China Securities Regulatory Commission was given approval to lower supervision fees charged to China’s two stock exchanges and three futures exchanges, the National Development and Reform Commission said in a statement dated July 12 on its website.
The CSRC was approved to cut the fees on the total annual value of stock trading to 0.002 percent from 0.004 percent. The regulator was approved to cut the fees on the total value of futures trading to 0.0001 percent from 0.0002 percent, according to the statement. The cuts are effective from Jan. 1 this year, for three years.
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