New Fee Waivers for Fixed Income and Money Market Exchange Traded Funds transactions
Product diversity is key to building Hong Kong into Asia’s ETF marketplace. To encourage trading in and drive liquidity to fixed income ETFs listed in Hong Kong, effective from 31 May 2021, both the current trading tariff and the minimum stock settlement fee will be waived for fixed income and money market ETFs transactions.
The fee waivers will be effective until further notice. Please see the list of eligible ETFs on the HKEX website or refer to Exchange Circulars ETP/001/21 and CD/CDCO/CCASS/013/2021 for more information.
Summary of fee waivers for fixed income and money market ETFs:
|
Existing fee |
New fee arrangement |
| Trading tariff |
HK$0.5 per transaction1 |
Waived |
| Stock settlement fee |
For each exchange trade1
0.002% of gross value of each transaction, capped at HK$100 per trade and subject to a lower limit of HK$2 per trade
For each crossed exchange trade2
0.001% per side of gross value of each transaction, capped at HK$50 per side per trade and subject to a lower limit of HK$1 per side per trade
|
Lower limit waived |
1 Exchange Trade is defined in the Rules of the Exchange as a trade in a CCASS Eligible Security (other than a China Connect Security) either reported to the Exchange by an Exchange Participant or effected on the Exchange.
2 Crossed Exchange Trade is a trade where the buy and sell of an Exchange Trade is handled by the same Exchange Participant.
