Stamp duty is 3% in China and 0. 1% in transfer fees.
The valuation range of the brokerage commission level of the first echelon is: the commission rate range of stock funds is 0.204%-0.265%; The range of warrant commission rate is 0. 100%-0. 130%. The first echelon has 18 brokers, mostly small and medium-sized local brokers. These brokers maintain a high commission level by virtue of their relative monopoly advantage in a certain region, and their trading volume has a relatively low market share in the whole country. 18 brokers' average fee income in the first half of 2006 was1165438+74 million, which was 39.80% lower than the average fee income of all sample brokers (19558 million).
The valuation range of the brokerage commission level of the second echelon is: the commission rate range of stock funds is 0.174%-0.200%; The warrant commission rate ranges from 0.085% to 0.098%. There are 15 brokers in the second echelon. The average actual fee income of some large brokers in this echelon, including Shen Yin Wanguo, Guotai Junan, Haitong Securities, CICC, GF Securities, orient securities, changjiang securities and Huatai Securities, was 29.829 billion in the first half of 2006, which was higher than the average fee income of all sample brokers (/kloc-0
The valuation range of the brokerage commission level of the third echelon is: the commission rate range of stock funds is 0.130%-0.166%; The range of warrant commission rate is 0.064%-0.08 1%. There are 10 brokers in the third echelon, and the average fee income of 10 brokers in the first half of 2006 is 65.438+09.242 billion, which is roughly equivalent to the average fee income of all sample brokers (65.438+09.558 billion). Guo Xin Securities, China Merchants Securities and Everbright Securities belong to this echelon. The main reason is that the Bank-Securities Connect business of these three securities firms is large in scale, and the transaction volume accounts for a relatively high proportion. The low commission policy of Yinzhengtong reduces its overall commission rate.
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