China Securities Depository and Clearing Co., Ltd. (CSDC) announced on Thursday that the transfer fee for Hong Kong investors to trade Shanghai-listed stocks under the Shanghai-Hong Kong stock connect program will be cut starting from August 1.
According to the announcement, the transfer fee will be levied at 0.002 percent of the total transaction value starting from August 1, while at present the fee is set at 0.06 percent of the par value of the traded shares.
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