2026年，继续减、免各项手续费！国内期货交易所发布通知→

Core Viewpoint - The announcement of fee reductions for futures delivery and related costs by multiple exchanges aims to support the real economy and enhance risk management for enterprises in response to increasing market volatility and demand for hedging tools [15][16]. Group 1: Fee Reductions - The Shanghai Futures Exchange, its subsidiary Shanghai Energy, Zhengzhou Commodity Exchange, Dalian Commodity Exchange, and other exchanges will waive delivery fees, standard warehouse receipt transfer fees, margin fees for standard warehouse receipts, and conversion fees for the year 2026 [1][7][8][9][10]. - The Dalian Commodity Exchange will also implement a 50% reduction in fees for hedging transactions, excluding high-frequency traders [11][12]. - The China Financial Futures Exchange will reduce delivery fees for stock index futures and government bond futures by 50%, as well as fees for exercising stock index options, also excluding high-frequency traders [2][13]. Group 2: Market Impact - The fee reductions are seen as a key measure to enhance the participation of enterprises in the futures market, aligning with the increasing demand for risk management tools due to significant price volatility in commodity markets influenced by geopolitical factors and macroeconomic policies [15][16]. - The measures are expected to lower the hedging costs for enterprises, making it easier for small and medium-sized enterprises to engage in hedging activities, thus broadening the use of hedging tools across the entire industry chain [15][16]. - The focus on optimizing delivery costs is anticipated to encourage more eligible physical resources to enter the futures delivery system, improving the efficiency of warehouse receipts and facilitating better resource allocation for enterprises [16].