CSRC fee cut brings no substantial benefit

The Chinese securities regulator’s fee cut is more of a gesture and won’t substantially reduce trading costs for investors, analysts say.

CSRC fee cut brings no substantial benefit
Shanghai's stock exchange: Struggling brokers will benefit most from the fee cuts, say analysts

Analysts say China’s latest scheme to breathe life into the A-share market will have limited effect, even as the Shanghai Composite Index responded with its biggest gain for a month.

The securities regulator announced on Friday a 20% cut to transaction costs, effective from September 1, which it predicts will eliminate about Rmb600 million $95 million in costs for the last four months of the year.

It is the third such cut...

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