Core Viewpoint - The exchanges have announced fee reductions for futures trading and related transactions in 2026, aiming to enhance market liquidity and attract more participants [1] Group 1: Fee Reductions - The Shanghai Futures Exchange, along with other exchanges, will waive fees for futures delivery, standard warehouse receipt transfer payments, and related transactions in 2026 [1] - The Shanghai Futures Exchange, Shanghai International Energy Exchange, Dalian Commodity Exchange, and Guangxi Futures Exchange will reduce the fees for hedging transactions by half, while Zhengzhou Commodity Exchange will waive the opening fees for hedging in futures varieties [1] - The China Financial Futures Exchange will also halve the fees for stock index futures and government bond futures delivery, as well as for stock index options exercise fees in 2026 [1]

Core Viewpoint - The Shanghai International Energy Exchange has announced a series of fee exemptions and reductions for futures trading from January 1, 2026, to December 31, 2026, aimed at promoting trading activity in the energy market [1] Group 1: Fee Exemptions and Reductions - All futures trading fees, except for the shipping index (European line) futures, will be waived during the specified period [1] - Fees for using standard warehouse receipts as margin will also be waived [1] - The trading fees for hedging transactions across all varieties will be halved [1] - High-frequency traders recognized by the exchange are excluded from these fee reductions [1] - The exchange reserves the right to adjust these measures based on market conditions [1]

Core Viewpoint - The Zhengzhou Commodity Exchange (ZCE) announced that it will waive all fees related to hedging positions, delivery, and warehouse receipt transfers for all futures products starting in 2026, with the exception of high-frequency traders [1] Group 1 - The decision aims to promote trading activity and enhance market liquidity by reducing the cost burden on participants [1] - The waiver includes fees for opening hedging positions, delivery, and warehouse receipt transfers, which are significant costs for traders [1] - High-frequency traders are excluded from this fee waiver, indicating a targeted approach to encourage broader participation in the market [1]