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What is the default commission for online account opening of China Merchants Securities?
Here's what official website found: quite high.

Announcement of commission charge standard

From May 25th, 20 16, the commission rate of our bank for new investors is as follows:

1.The commission rate standard for A shares, B shares, funds and warrants transactions is 0.6‰.

Note:1) If the commission for each transaction of A shares and securities investment funds is less than that of 5 yuan, it will be charged according to 5 yuan; If the commission for each transaction of B shares is less than USD 65,438 +0 or HK$ 5, it will be charged at USD 65,438 +0 or HK$ 5. 2) The above commission rates include securities trading supervision fees, stock exchange handling fees and risk funds.

2. The commission rate of the Hong Kong Stock Connect business is 3‰.

Note: The above commission rates do not include stamp duty, transaction levy, transaction fees, trading system usage fees, share payment fees and securities portfolio fees, and the above fees will be charged separately.

Three. The commission rate standard of a specific trading channel is subject to the specific implementation standard when opening an account in this channel.

Note:1) If the commission for each transaction of A shares and securities investment funds is less than that of 5 yuan, it will be charged according to 5 yuan; If the commission for each transaction of B shares is less than USD 65,438 +0 or HK$ 5, it will be charged at USD 65,438 +0 or HK$ 5. 2) The above commission rates include securities trading supervision fees, stock exchange handling fees and risk funds.

If you have any questions, please contact our company or sales department.

Telephone number of customer service center: 95565,86-755-2695111(foreign telephone).