HKEx: Abolition of minimum and maximum fee limits for share payment

On February 21st, the Hong Kong Stock Exchange announced today that it will optimize the share settlement fee structure in the securities market to improve market efficiency and ensure that the relevant fees are more closely linked to the transaction amount. The Hong Kong Stock Exchange will abolish the minimum and maximum share settlement fee limits and adjust the rate to a unified rate of 0.42 basis points (0.0042%) per transaction. The new fee structure is designed to ensure that the overall market expenditure does not increase as a result, balancing the cost of fees for all transaction sizes. In addition, the share settlement rate for eligible market-maker transactions for exchange-traded products (ETPs) will also be adjusted to 0.20 basis points (0.0020%), and the minimum and maximum fees will be abolished. The adjusted fees are similar to the past costs of ETP bookmaking activities to ensure that the ETP market continues to have abundant liquidity.