Core Viewpoint - The Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) announced significant fee reduction measures for the year 2026, with a total expected reduction exceeding 1.9 billion yuan, aimed at benefiting investors and supporting the real economy [5][6]. Group 1: Shanghai Stock Exchange (SSE) Measures - SSE anticipates a fee reduction of approximately 1.113 billion yuan for 2026, including exemptions from listing fees for companies and reductions in transaction unit usage fees [5][6]. - Specific measures include waiving listing fees for existing and new companies, reducing transaction unit fees from 45,000 yuan to 30,000 yuan annually starting July 1, 2026, and exempting various bond transaction fees [7][8]. - SSE emphasizes its commitment to implementing national policies on tax and fee reductions, aiming to enhance market confidence and support high-quality economic development [6][7]. Group 2: Shenzhen Stock Exchange (SZSE) Measures - SZSE expects to implement fee reductions exceeding 800 million yuan, with measures covering stocks, funds, and bonds [5][6]. - Key initiatives include waiving listing fees for both companies and funds, as well as transaction fees for bonds and asset-backed securities [12]. - SZSE has consistently increased its fee reduction efforts in recent years, aiming to improve the financial environment for market participants and enhance investor satisfaction [6][12].

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges have announced fee reduction measures for 2026, with a total estimated reduction exceeding 1.9 billion yuan (approximately 111.3 million for Shanghai and over 800 million for Shenzhen) [1][2] Group 1: Fee Reduction Measures - Shanghai Stock Exchange (SSE) will waive listing fees for companies, reduce transaction unit usage fees, and exempt transaction handling fees for bonds excluding convertible bonds [1] - SSE's subsidiaries will also reduce fees for trading gateway speed, Shanghai Stock Exchange e-services, e-voting, and Shanghai Cloud [1] - Shenzhen Stock Exchange (SZSE) will implement six measures including waiving listing fees for companies and funds, exempting transaction handling fees for bonds (excluding convertible bonds) and asset-backed securities, and halving the service fee for online voting at shareholder meetings [1] Group 2: Strategic Focus and Future Plans - Both exchanges are committed to implementing the central government's tax and fee reduction policies, focusing on supporting the real economy and the high-quality development of capital markets [2] - SSE plans to continue reducing fees for stocks, bonds, funds, and REITs, while also maintaining the exemption of listing fees for companies and funds [2] - SZSE aims to scientifically and reasonably advance fee reduction efforts to further stimulate market vitality and better serve the real economy and high-quality development [2]

Core Viewpoint - The article discusses the introduction of fee reduction measures by the Shanghai and Shenzhen Stock Exchanges for the year 2026, which is seen as a significant move to support the capital market and the real economy, with an estimated total fee reduction exceeding 19 billion RMB [1][9]. Group 1: Shanghai Stock Exchange (SSE) Measures - SSE announced a series of fee reduction measures, including the exemption of listing fees for both existing and new companies in 2026, and a reduction in the trading unit usage fee from 45,000 RMB to 30,000 RMB per year starting July 1, 2026 [3][4]. - The SSE will also waive transaction handling fees for various types of bonds (excluding convertible bonds) and asset-backed securities for 2026, along with discounts on several service fees related to technology and data services [5][6]. - The total estimated fee reduction for SSE is approximately 11.13 billion RMB, aimed at enhancing market confidence and supporting economic stability [3][4]. Group 2: Shenzhen Stock Exchange (SZSE) Measures - SZSE has implemented multiple fee reduction measures for 2026, including the exemption of listing fees for both companies and funds, as well as waiving transaction handling fees for bonds (excluding convertible bonds) and asset-backed securities [9][11]. - The exchange will also reduce the transaction unit flow fees for funds and bonds, and halve the fees for online voting services related to shareholder meetings [10][14]. - The total expected fee reduction for SZSE is over 8 billion RMB, reflecting a commitment to support the real economy and enhance market vitality [9][10].

Core Viewpoint - The Chinese capital market received favorable policy support on December 26, with both the Shanghai and Shenzhen Stock Exchanges announcing a series of fee reduction measures for 2026, expected to exceed 1.9 billion yuan in total [1][5]. Group 1: Shanghai Stock Exchange Measures - The Shanghai Stock Exchange (SSE) announced a notification to waive certain fees for 2026, including the initial and annual listing fees for existing and new companies, and reduced transaction unit usage fees from 45,000 yuan to 30,000 yuan per year starting July 1, 2026 [2][3]. - SSE will also waive transaction handling fees for various types of bonds (excluding convertible bonds) and asset-backed securities, as well as provide discounts on several service fees related to technology and data services [3][4]. - The total expected fee reduction amount for SSE is approximately 1.113 billion yuan [2]. Group 2: Shenzhen Stock Exchange Measures - The Shenzhen Stock Exchange (SZSE) announced fee reductions for 2026, including waiving listing fees for companies and funds, as well as transaction handling fees for bonds (excluding convertible bonds) and asset-backed securities [5][7]. - Additional measures include waiving transaction unit flow fees for funds and bonds, and reducing the service fees for shareholder meeting online voting by half [5][6]. - The total expected fee reduction amount for SZSE is over 800 million yuan [5]. Group 3: Policy Implications - Both exchanges are implementing these measures to support the real economy, enhance market confidence, and promote high-quality development in line with the central government's economic work conference directives [2][6]. - The initiatives are part of a broader strategy to stimulate market activity and provide substantial benefits to market participants and investors [5][6].

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges have announced a series of fee reductions for 2026, aimed at supporting the real economy and enhancing market confidence through financial relief measures [1][2]. Group 1: Shanghai Stock Exchange Measures - The Shanghai Stock Exchange will waive listing fees for companies listed on the Shanghai market, reduce transaction unit usage fees, and exempt transaction handling fees for bonds excluding convertible bonds [1]. - Additional fee reductions from subsidiaries of the Shanghai Stock Exchange include waiving charges for trading gateway speed, Shanghai Stock Exchange e-services, e-voting, and Shanghai Cloud services, with an estimated total reduction of approximately 1.113 billion yuan [1]. Group 2: Shenzhen Stock Exchange Measures - The Shenzhen Stock Exchange's fee reductions cover various products including stocks, funds, and bonds, with six specific measures such as waiving listing fees for companies and funds, and transaction handling fees for bonds and asset-backed securities [1]. - The Shenzhen Stock Exchange anticipates that the overall fee reduction will exceed 800 million yuan [1]. Group 3: Policy Implementation and Future Plans - Both exchanges are committed to implementing the central government's tax reduction policies, continuously exploring fee reduction opportunities to support the development of the real economy and promote high-quality growth in the capital market [2]. - Future efforts will focus on further stimulating market vitality and better serving the real economy, aligning with the goals set forth in the 14th Five-Year Plan and the recent economic work conference [3].

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges have announced a series of fee reductions for 2026, aimed at supporting the real economy and enhancing market confidence, with expected total savings of approximately 19.13 billion yuan [1][2]. Group 1: Shanghai Stock Exchange Measures - The Shanghai Stock Exchange will waive listing fees for companies, reduce transaction unit usage fees, and exempt transaction handling fees for bonds excluding convertible bonds. Additional fee reductions will apply to services provided by its subsidiaries, with an estimated total reduction of about 11.13 billion yuan for 2026 [1]. - The exchange has consistently implemented fee reductions in line with national policies, including lowering transaction handling fees for stocks, bonds, and funds, and waiving listing fees for companies and funds [2]. Group 2: Shenzhen Stock Exchange Measures - The Shenzhen Stock Exchange's fee reductions cover various products including stocks, funds, and bonds, with six specific measures such as waiving listing fees for companies and funds, and halving the service fee for online voting at shareholder meetings. The total expected fee reduction exceeds 8 billion yuan [1][2]. - The exchange has progressively increased its fee reduction efforts over the years, continuously waiving fees for fund listings and transaction handling for certain bond products, thereby enhancing the benefits for market participants [2]. Group 3: Future Directions - Both exchanges plan to further implement fee reduction strategies in alignment with national economic policies, aiming to stimulate market activity and support high-quality economic development, contributing to the broader goals of financial modernization and strength [3].

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges announced a series of fee reduction measures for 2026, expecting to save over 1.9 billion yuan in total for listed companies and market participants [1]. Group 1: Shanghai Stock Exchange Measures - The Shanghai Stock Exchange will waive listing fees for companies, reduce transaction unit usage fees, and eliminate transaction handling fees for bonds excluding convertible bonds [1]. - Additional fee reductions include waiving charges for trading gateway speed fees, Shanghai Stock Exchange e-services, e-voting, and Shanghai Cloud services, with an estimated total reduction of approximately 1.113 billion yuan [1]. Group 2: Shenzhen Stock Exchange Measures - The Shenzhen Stock Exchange introduced six measures, including waiving listing fees for companies and funds, as well as transaction handling fees for bonds (excluding convertible bonds) and asset-backed securities [1]. - Other reductions include waiving transaction unit flow fees for funds, bonds, and asset-backed securities, halving the service fee for online voting at shareholder meetings, with an overall expected reduction exceeding 800 million yuan [1]. Group 3: Ongoing Commitment to Fee Reductions - Both exchanges have consistently implemented fee reductions in line with national policies, focusing on enhancing benefits for market participants [1][2]. - The Shanghai Stock Exchange has been actively researching adjustments to transaction handling fees for stocks, bonds, funds, and REITs during the 14th Five-Year Plan period, continuing to waive listing fees for companies and funds [1].

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges announced a series of fee reduction measures for the year 2026, aiming to lower market costs and support the development of the real economy, with total expected savings exceeding 1.9 billion yuan [5][6]. Group 1: Shanghai Stock Exchange Measures - The Shanghai Stock Exchange (SSE) anticipates a fee reduction benefit of approximately 1.113 billion yuan for 2026, including exemptions from listing fees for companies and reductions in transaction unit usage fees [5][9]. - Specific measures include the exemption of initial listing fees for existing and new companies, a reduction in transaction unit usage fees from 45,000 yuan to 30,000 yuan annually starting July 1, 2026, and waiving transaction handling fees for various bonds excluding convertible bonds [9][10]. - SSE emphasizes its commitment to implementing national policies on tax and fee reductions, aiming to enhance market confidence and stabilize development expectations [5][6]. Group 2: Shenzhen Stock Exchange Measures - The Shenzhen Stock Exchange (SZSE) has introduced multiple fee reduction measures, expecting to save over 800 million yuan in total for 2026, including exemptions from listing fees for both companies and funds [6][13]. - Key initiatives include waiving transaction handling fees for bonds (excluding convertible bonds) and asset-backed securities, as well as reducing fees for transaction unit flow and network voting services [6][14]. - SZSE has consistently increased its fee reduction efforts in recent years, aligning with national policies to benefit enterprises and investors [7][13].

Core Viewpoint - The Shenzhen Stock Exchange (SZSE) has announced a series of fee reduction measures for 2026, expecting a total reduction amount exceeding 800 million yuan, aimed at enhancing market vitality and supporting the real economy [1][2]. Group 1: Fee Reduction Measures - The fee reduction measures include the exemption of listing fees for companies and funds, as well as transaction handling fees for bonds (excluding convertible bonds) and asset-backed securities [1]. - Additional measures involve waiving transaction unit flow fees for funds, bonds (excluding convertible bonds), and asset-backed securities, along with a reduction in communication and cloud service fees related to trading [1]. - The service fee for online voting at shareholder meetings will be halved [1]. Group 2: Implementation and Impact - The SZSE has been actively implementing tax and fee reduction policies in line with directives from the central government, progressively increasing the intensity of these measures over the years [1]. - Previous initiatives included lowering transaction handling fees for funds and stocks, and exempting various fees related to bond products and company listings, which have significantly benefited market participants and investors [1]. - The upcoming measures are intended to further stimulate market activity and better serve the real economy, contributing to a strong start for the 14th Five-Year Plan in financial work [2].

Core Viewpoint - The Shanghai and Shenzhen Stock Exchanges announced a series of fee reduction measures for the year 2026, aiming to support the real economy and enhance market confidence through significant cost savings for market participants [1][5]. Group 1: Fee Reduction Measures - The Shanghai Stock Exchange (SSE) expects to reduce fees by approximately 1.113 billion yuan in 2026, while the Shenzhen Stock Exchange (SZSE) anticipates a total reduction exceeding 800 million yuan, leading to a combined total of over 1.9 billion yuan in fee reductions [5]. - Specific measures from the SSE include waiving listing fees for companies, reducing transaction unit usage fees from 45,000 yuan to 30,000 yuan annually, and exempting various bond transaction fees [6][8]. - The SZSE's measures include waiving listing fees for both companies and funds, as well as transaction fees for bonds (excluding convertible bonds) and asset-backed securities, along with reductions in network voting service fees [7][9]. Group 2: Implementation and Goals - The SSE emphasizes its commitment to implementing national policies on tax and fee reductions, focusing on supporting the development of the real economy and promoting high-quality growth in the capital market [6][7]. - The SZSE has progressively increased its fee reduction efforts in recent years, consistently lowering transaction fees for various financial products and waiving fees for listing and network voting services [7][10].