Core Viewpoint - The Shanghai Stock Exchange (SSE) has announced a fee reduction initiative aimed at supporting market participants and enhancing the overall development of the capital market, with an expected annual benefit of over 433 million yuan to market entities [1] Group 1: Fee Reduction Measures - SSE has optimized and integrated service fee items, significantly reducing the trading unit usage fee by one-third [1] - The previous "collection and payment" model for trading market access lines has been adjusted to a gateway "technical service fee," consolidating the original trading unit flow rate fee into a trading gateway flow rate fee [1] - The pricing system for cloud products has been optimized, and multiple measures have been taken to reduce service fees for data center products [1] Group 2: Background and Previous Initiatives - Since 2022, SSE has continuously implemented fee reduction measures to stabilize the economy and mitigate the impact of the pandemic, aiming to lower market costs and stimulate participant activity [1] - Previous fee reductions included waiving initial listing fees, annual fees, online voting service fees for existing and new listed companies, and transaction handling fees for asset management plan share transfers in 2022 [1]