Hong Kong Exchange New Stock Settlement Fee at 0.0042% Per Trade & Removed Minimum HKD 2 ($0.26) & Maximum HKD 100 ($12.87) Settlement Fee Per Trade, ETF Settlement Fee at 0.002% Per Trade & Removed Minimum & Maximum Settlement Fee Per Trade, New Fee Structure Starts 1st June 2025, New Fee Structure Would Had Resulted in Lower Settlement Fees for 77% of Securities Trades Between 2019 to 2024
22nd February 2025 | Hong Kong
The Hong Kong Exchange (HKEX) has announced new stock settlement fee at 0.0042% per trade, removing the minimum HKD 2 ($0.26) & maximum HKD 100 ($12.87) settlement fee per trade. ETF settlement fee will be at 0.002% per trade, removing the minimum & maximum settlement fee per trade for ETF. The new fee structure will start on 1st June 2025. The new fee structure would had resulted in lower settlement fees for 77% of securities trades between 2019 to 2024. HKEX (21/2/25): “Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Friday) enhancements to the securities market stock settlement fee structure that are aimed at boosting market efficiency and ensuring consistent fee application across all trade sizes. The current stock settlement fee structure, which includes a minimum fee of $2 and a maximum fee of $100, disproportionately impacts lower-value trades. To address this, HKEX will remove the minimum and maximum fee components, and adjust the ad valorem rate to 0.42 bps (0.0042%) for each trade. The new fee structure is designed to be cost-neutral to the market as a whole, creating a more equitable fee structure across all trade sizes. In addition, the stock settlement fee for eligible market making trades for Exchange Traded Products (ETPs) will be set at a rate of 0.20 bps (0.0020%), removing the minimum and maximum fees. This adjustment aligns with the historical costs of ETP market-making activities and aims to ensure the ongoing provision of liquidity to the ETP market. Based on HKEX data, about 77 per cent of all securities trades conducted between 2019 and 2024 would benefit from lower fees under the new structure. The new fee structure, which has been approved by the Securities and Futures Commission (SFC), will take effect in June 2025, ahead of the implementation of Phase 1 of the minimum spreads reduction, subject to market readiness. The reduction of minimum spreads would encourage trades to be executed in smaller sizes, thus benefiting from the new fee structure. Please refer to the circular and the information sheet published today for details of the enhancements to the securities market stock settlement fee structure. Amendments will be also made to the General Rules of Hong Kong Securities Clearing Company Limited (HKSCC), and will be updated in due course.”
“ Hong Kong Exchange New Stock Settlement Fee at 0.0042% Per Trade & Removed Minimum HKD 2 ($0.26) & Maximum HKD 100 ($12.87) Settlement Fee Per Trade, ETF Settlement Fee at 0.002% Per Trade & Removed Minimum & Maximum Settlement Fee Per Trade, New Fee Structure Starts 1st June 2025, New Fee Structure Would Had Resulted in Lower Settlement Fees for 77% of Securities Trades Between 2019 to 2024 “
HKEX Chief Operating Officer and Group Chief Financial Officer, Vanessa Lau: “At HKEX, we are committed to building a vibrant and efficient marketplace for our global investors. We are, therefore, pleased to introduce an enhanced stock settlement fee structure that is clear, consistent and equitable for all trades sizes, supporting our retail and institutional investors in executing their trading strategies. This is also part of our ongoing initiatives to elevate the breadth and depth of our securities market, reinforcing Hong Kong’s position as a premier financial centre of choice.”
HKEX – Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code: 388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metal Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of the world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.
Hong Kong Exchange New Stock Settlement Fee at 0.0042% Per Trade & Removed Minimum HKD 2 ($0.26) & Maximum HKD 100 ($12.87) Settlement Fee Per Trade, ETF Settlement Fee at 0.002% Per Trade & Removed Minimum & Maximum Settlement Fee Per Trade, New Fee Structure Starts 1st June 2025, New Fee Structure Would Had Resulted in Lower Settlement Fees for 77% of Securities Trades Between 2019 to 2024
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