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arcadecoffeetable| Supervision and release of public offering commission reduction standards: no more than 5.24 per 10,000 adjusted by the end of June

Source: Cailian

Financial Union, April 30, a number of public offerings received notices issued by the regulatory authorities today, clarifying the standards and deadline for commission reduction. It is estimated that the average stock trading commission rate in the whole market in 2023 will be 2/10,000arcadecoffeetable.62, requiring the public offering to adjust the commission rate for its public offering fund transactions in accordance with this commission rate standard, and the adjustment needs to be completed on June 30. On April 19, the China Securities Regulatory Commission's "Regulations on the Management of Securities Trading Fees for Publicly Offered Securities Investment Funds" required that the commission rate for passive equity fund product trading should not exceed the market average stock trading commission rate in principle; the commission rate for stock trading of other types of funds shall not exceed twice the market average stock trading commission rate in principle. This means that after the reduction, the commission rate for passive equity fund product trading must not exceed 2.62 per 10,000; for other types, it must not exceed 5.24 per 10,000. (Financial News Agency reporter Yan Jun)