Date: August 3, 2012
Source: Futures Daily

　　After two major cuts of transaction fees and regulatory fees since 2012, Shanghai Stock Exchange, Shenzhen Stock Exchange, China Securities Depository and Clearing Corporation Limited (SD&C) and four future exchanges again joined hands to cut transaction fees and transfer fees for A-shares and futures transaction fees. The adjusted fees will be implemented starting September 1.
　　Transaction fees at the four future exchanges will be reduced by a range from 6.25% to 50% for different types of the products. Futures transaction fees at Shanghai Futures Exchange, Zhengzhou Commodity Exchange and Dalian Commodity Exchange will be reduced by an average of 26%, 17% and 15.5%, respectively. China Financial Futures Exchange will charge a 0.025‰ transaction fee on the trading value for index futures, representing a 28.57% reduction. (Please refer the table on Page 2 for details.)
　　With this adjustment, the fee of 15 out of the 29 listed futures contract in China has reduced by no less than 50% in 2012.
　　Shanghai Stock Exchange and Shenzhen Stock Exchange will charge both sellers and buyers a transaction fee equal to 0.0696‰ of the trading value in connection with A-share transactions, representing a 20% cut. And Shanghai Branch of SD&C will charge both sellers and buyers a transfer fee equal to 0.3‰ of the nominal trading value in connection with A-share transaction, representing a 20% cut.