The reform of commission rates has gone a step further.

Today, a number of fund companies have received a notice on the average commission rate of stock trading in the market in 2022 (hereinafter referred to as the "notice"). It is clearly pointed out in the notice that it is estimated that the average commission rate of stock trading in 2022 is 2%.Fibaworldcup2023qualifiersphilippines. 62 . Each public offering fund manager and custodian shall, in accordance with the regulatory requirements, complete the adjustment before June 30, 2024.

According to the reporter's latest understanding, recently, a number of fund companies have been doing relevant preparatory work, and some have begun to prepare to sign new agreements. Some fund companies said that passive index products should all be signed according to 10,000.

The average commission rate is set at 2.62 per million.

In the sound of fee reduction, the adjustment of commission rates is getting closer and closer.

Today, a number of fund companies received the notice on the average stock trading commission rate in 2022, which clearly pointed out that the average stock trading commission rate in 2022 is estimated to be 2.62 per ten thousand.

In addition, the notice requires all public fund managers and custodians to complete the adjustment by June 30, 2024 in accordance with the regulatory requirements.

The reporter noticed that the specific calculation formula was also published: the average stock trading commission rate in the market = (net income from securities trading by agents + net rental income from seats in the trading unit) / stock-based trading volume. The net income of the agency buying and selling securities business and the net income of leasing seats in the trading unit are the annual audited data of securities companies.

I still remember that on April 19, the Securities Regulatory Commission issued the provisions on the Management of Securities Trading fees for publicly raised Securities Investment funds (hereinafter referred to as the "regulations"). The fourth provision is that: in principle, the stock trading commission rate of passive stock funds managed by fund managers shall not exceed the average stock trading commission rate of the market, and shall not pay other fees such as research services and liquidity services through trading commissions.Fibaworldcup2023qualifiersphilippinesOther types of funds may pay research service fees through trading commission, but in principle, the stock trading commission rate shall not exceed twice the average stock trading commission rate in the market, and shall not pay fees other than research services through trading commission.

In addition, the regulations also point out that the average stock transaction commission rate in the market shall be regularly calculated by the China Securities Industry Association and notified to the industry bodies. If the stock transaction commission rate agreed between the fund manager and the securities company is higher than that stipulated in the preceding paragraph, the adjustment of the transaction commission rate shall be completed within three months.

In other words, according to the average stock trading commission rate of 2.62 per million announced today, the stock trading commission rate of passive equity funds will not exceed 2.62 per ten thousandth. In principle, the stock trading commission rate of other types of funds will not exceed 5.24 per million.

The commission rate for some companies' passive products may be reduced to around 12,000.

According to the reporter's latest understanding, recently, a number of fund companies have begun to start the relevant preparatory work, and faster fund companies have been prepared to renegotiate contracts or sign supplementary agreements with securities firms.

Some fund companies said: "We have held an internal meeting to discuss how to sign and what rate to sign, but because there are more departments and securities firms involved, it is still a troublesome process to re-sign one by one."

In fact, before the "notice" was issued, some industry insiders said: "the average stock trading commission rate in the market is expected to be around 2.5 million, and the commission rate for passive index products will not be higher than this rate. On the other hand, the rates for active products range from 10,000 to 50,000. "

"however, each signing may be different, depending on the outcome of the talks. I have heard that several companies in the head may sign lower, but the rate range should not be much different." Industry insiders further said.

Another fund company said frankly: "all products need to re-sign the agreement, passive products are expected to re-sign the rate in 10,000."

With the signing of new agreements and the formal implementation of the regulations from July 1, the fund commission rate will bid farewell to the era of "Wan 8" and "Wan 9" and begin to enter the era of "Wan 2".

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