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CFFEX Reduces the 2023 Delivery Fee and Exercise (Assignment) Fee by Half

On December 23, 2022, China Financial Futures Exchange (CFFEX) released the Notice on Reducing the 2023 Delivery Fee and Exercise (Assignment) Fee by Half, according to which the delivery fee for equity index futures and CGB futures as well as the exercise (assignment) fee for equity index options will be reduced by half from January 1, 2023 to December 31, 2023.

The reduction of delivery fee for equity index futures and CGB futures took effect in August 2021. The arrangement for continued and further fee reductions represents CFFEX’s latest step to systematically reduce fees and charges, thus bringing tangible benefits to market participants.

A CFFEX official commented that CFFEX’s fee reduction arrangements are aimed at implementing the tax and fee cuts policies of the CPC Central Committee and the State Council, and promoting the “Better Service, Tangible Benefits” initiative of the China Securities Regulatory Commission (CSRC). Such arrangements will effectively reduce the cost of financial futures transactions, better meet investors’ risk management needs, and enhance financial support for the real economy.

Next, under the leadership of the CSRC and in accordance with the decisions of the 20th CPC National Congress, CFFEX will further improve its services, and implement the tax and fee cuts policies with determination and solid measures, thus playing a greater role in and further contributing to the new development paradigm.