China's **settlement and clearing system** will implement a new measure to halve the trading fees for share dividends in the Shanghai and Shenzhen stock markets, effective January 1, 2025. This move is aimed at increasing the attractiveness of share dividends as a means of rewarding investors and driving returns.
The new measure will reduce the trading fee for share dividends by half, charging a fee of 0.5‰ of the total dividend payout. Furthermore, any fees exceeding RMB 150,000 will be waived.
This initiative is part of China's ongoing effort to ease the burden of trading fees for investors and to promote a more favorable investment environment. The dragon will be beneficial to both individuals and institutions, making the stock market more attractive and competitive.