The Shanghai Stock Exchange lowered the trading unit usage fee. What is the reason for the decrease?

Many novice friends may not understand the difference between on-exchange funds and over-the-counter funds: On-exchange funds refer to funds that are traded on securities software. This kind of fund is bought and sold by investors, and the exchange acts as an intermediary, so it will naturally charge

There is a certain handling fee. Because you are trading on securities software, the securities company will also charge a certain handling fee. The exchange handling fee and the securities company's handling fee are collected by the securities company. However, the handling fee is not expensive. I use

The securities company's handling fee for buying and selling funds is 0.55 million.

OTC funds refer to funds that investors subscribe to exchanges through Alipay, banks, and Tiantian Fund Online. All subscription fees and redemption fees are charged by the sales platform. The subscription fee is generally about 0.15%, and within 7 days

Redemption, the redemption fee is 1.5%. The redemption fee after 7 days varies from fund to fund, usually around 0.8%.

It can be seen that the handling fees for buying on-exchange funds and over-the-counter funds are still very different. If you buy and sell on-exchange funds and over-the-counter funds for 20,000 yuan respectively within 7 days, the handling fee for on-exchange funds is only 2.2 yuan.

, and the handling fee for OTC funds is 330 yuan, which is a huge difference.

The exchange's reduction in fund transaction fees mentioned by the questioner naturally only reduces the transaction fees of on-exchange funds, and they have no control over over-the-counter funds.

Calculated based on the trading volume of on-site funds on June 30, the total transaction volume of ETF + LOF on-site funds is only 33.86 billion yuan, and the average transaction cost reduction per trading day is only 300,000 yuan, which is spread to each fund.

It is basically infinitely close to 0. As mentioned above, this fee is uniformly collected by securities companies. The exchange fee reduction is relatively small, so securities companies will not reduce it, so this fee reduction will basically have no impact on our transactions.

Undoubtedly, this is a way or means for managers to prevent the stock market predators from making trouble.

Called bidding extends the time period. Obviously, the effect is like removing the highest score and then the lowest score. It is actually more powerful than this. Using more bids to kill the monster's fangs together has the potential of a pagoda to suppress the river monster.

, so that the stock price in late trading will be closer to the objective level, try to prevent cheating, and hope to have good results.