The China Securities Regulatory Commission announced on Friday (August 18) after the market announced that it has been transferred to reduce securities transactions from August 28, and is also studying the time of appropriate extension of the stock market and bond market transactions.
The official website of the China Securities Regulatory Commission issued the "Relevant person in charge of the CSRC on the active capital market and boost investor confidence to answer the reporter's question" on Wednesday evening, and proposed a number of measures to stimulate stock markets.
In terms of optimizing and improving the transaction mechanism and improving the convenience of transaction, the relevant person in charge of the CSRC pointed out that it has announced that the proportion of payment for settlement of settlement preparation, reducing the number of shares funds declarations, research will be studiedFund) introduced a fixed price trading mechanism after the market, and launched the GEM inquiry transfer and distribution reduction system.
The measures that the Securities Regulatory Commission will launch in the next step includes reducing the handling of securities transactions and reducing the commission rate of securities companies simultaneously; further expanding the scope of the margin and securities and securities and securities and securities and securities lending rates, incorporating ETF into the transferIntegrating the bid; improve the shareholding system, strengthen the supervision of illegal reduction and "bypass" reduction, and severely punish illegal reduction of holdings; optimize transaction supervision, enhance the convenience and popularity of transactions, and improve transaction supervision transparency.Limited the procedural transaction report system in a timely manner; study the transaction time of appropriate extension of the A -share market and exchange bond market.
The CSRC also announced that the CSRC guides the Shanghai Stock Exchange, Shenzhen Stock Exchange, and the Beijing Stock Exchange from August 28 to further reduce securities transactions.
Among them, the Shanghai and Shenzhen Exchange has reduced the handling fees of A shares and B -share securities this time; on the basis of 50%of the securities transactions in December 2022, the North Bank of ChinaReduce securities transactions by 50%.According to estimates, the Shanghai Stock Exchange's reduction in stock transactions is expected to give the market about 2.8 billion yuan each year (RMB, about S $ 520 million).
At present, the Chinese A-share transaction hours are divided into two hours from Monday to Friday.15:00.
