xi's moments
Home | Finance

China halves stock transfer fees to invigorate capital market

Xinhua | Updated: 2022-04-29 13:47

Stock transfer fees will be generally cut to 0.001 percent of stock trading turnover, the China Securities Depository and Clearing Co Ltd said on its website late on Thursday. [Photo/VCG]

BEIJING -- China has decided to halve stock transfer fees starting Friday to further lower the trading costs for investors and spur market vitality, according to a circular issued by the country's stock clearing agency.

Stock transfer fees will be generally cut to 0.001 percent of stock trading turnover, the China Securities Depository and Clearing Co Ltd said on its website late on Thursday.

The move aims at promoting the stable and healthy operation of the market, as well as better shoring up the real economy, the company said.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349