Key Points - The Hong Kong Stock Exchange will implement a new stock trading fee structure starting June 30, 2025, abolishing the previous minimum fee of HKD 2 and maximum fee of HKD 100 [1] - The new fee structure will charge 0.0042% of the transaction amount, replacing the previous rate of 0.002% [1] - The new rules have been approved by the Hong Kong Securities and Futures Commission and will be implemented once the market is ready [1] Fee Structure Changes - Small transactions under HKD 47,600 will see a significant decrease in costs, with fees for a HKD 10,000 transaction dropping from HKD 2 to HKD 0.42, and for HKD 1,000 transactions from HKD 2 to HKD 0.042 [2] - Conversely, larger transactions will incur higher fees due to the removal of the HKD 100 cap, with fees for a HKD 1,000,000 transaction increasing from HKD 20 to HKD 42 [2] - This differentiated fee mechanism aims to balance the cost burden across various transaction sizes, enhancing market liquidity and activity, especially since approximately 77% of market transactions from 2019 to 2024 were below HKD 100,000 [2]