中国外汇交易中心：继续免除中小微企业外汇衍生品交易相关银行间外汇市场交易手续费

Core Viewpoint - The China Foreign Exchange Trading Center has announced the continuation of a policy to fully exempt transaction fees for foreign exchange derivatives trading related to small and micro enterprises in the interbank foreign exchange market, effective from January 1, 2026, for a period of two years [1][5]. Group 1: Fee Exemption Details - Financial institutions providing trading services to small and micro enterprises through the foreign exchange trading center's corporate platform will have their transaction fees fully waived based on the total volume of customer transactions [2]. - For financial institutions using other channels to serve small and micro enterprises, they are responsible for verifying the standards of these enterprises and reporting their names to the foreign exchange trading center. The fee exemption will be based on 50% of the total volume of customer transactions [2][3]. Group 2: Applicable Trading Products - The fee exemption applies to various types of RMB foreign exchange derivatives, including forwards, swaps, currency swaps, and options [3]. Group 3: Definition and Reporting Requirements - Small and micro enterprises are defined according to the standards set by the National Bureau of Statistics in the "Classification of Large, Medium, Small, and Micro Enterprises" [3]. - Financial institutions must report customer transaction information related to small and micro enterprises to the foreign exchange trading center by the 15th of the month following each quarter, including details such as client name, trading product, currency pair, transaction volume, price, and duration [3][4]. Group 4: Benefit Transmission - Financial institutions are required to pass on the benefits of the fee exemptions to the relevant enterprises [4].