Core Viewpoint - The Hong Kong Stock Exchange has announced an increase in the transaction fee for stock trading from 0.002% to 0.0042% effective June 30, eliminating the minimum fee of 2 HKD and the maximum fee of 100 HKD [1][2] Group 1: Fee Structure Changes - The new fee structure will benefit small transactions (less than 47,600 HKD), as the cost for trading 10,000 HKD will decrease from 2 HKD to 0.42 HKD [2] - For larger transactions exceeding 47,600 HKD, the fees will increase; for instance, trading 1,000,000 HKD will see fees rise from 20 HKD to 42 HKD [2] - The removal of the 100 HKD maximum fee means that larger single transactions will incur higher fees [2] Group 2: Market Impact - Approximately 77% of market transactions from 2019 to 2024 have been below 100,000 HKD, indicating that many traders were previously paying higher fees due to the minimum charge [2] - The adjustment in fees is expected to enhance market liquidity by reducing costs for small investors [2]
港股市场股份交收费结构调整 今日起实施