CSRC gets nod for fee cuts
Source: Bloomberg News |
July 14, 2012, Saturday
|
Print Edition
Print Edition
THE China Securities Regulatory Commission was given approval to lower supervision fees charged to the Chinese mainland's two stock exchanges and three futures exchanges, the National Development and Reform Commission has said.
The CSRC can cut fees on the total annual value of stock trading to 0.002 percent from 0.004 percent. The regulator can also slash fees on the total value of futures trading to 0.0001 percent from 0.0002 percent. The cuts are effective from January 1 this year, for three years.
The CSRC can cut fees on the total annual value of stock trading to 0.002 percent from 0.004 percent. The regulator can also slash fees on the total value of futures trading to 0.0001 percent from 0.0002 percent. The cuts are effective from January 1 this year, for three years.
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