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 this year, after similar moves in April and June. Based on last year’s A-share trading volume of Rmb42 trillion, the combined measures could save a total of Rmb15.5 billion annually, according to the China Securities...
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