Central Securities Depository: Reduction of Some Main Business Service Fees

On August 25, the China Central Depository & Clearing Co., Ltd. issued a notice regarding the reduction of service fees for certain main businesses. The Central Clearing Company has decided to lower fees for some of its main services. Specifically, the issuance registration service fee for international bonds (Panda bonds) will be fully exempted; a 5% discount will apply to the interest payment and redemption service fee rate for bonds in the interbank bond market, resulting in a post-discount rate of 0.0475%. The interest payment and redemption service fee for Sci-Tech Innovation bonds and international bonds (Panda bonds) will be fully exempted; a 10% discount will be applied to the settlement service fee for bonds and issuers not covered by existing preferential measures in the interbank bond market, resulting in a post-discount fee of 135 yuan per transaction. The preferential measures will be valid from September 1, 2026, to December 31, 2028. Any adjustments will be notified separately by the Central Clearing Company. The original text is as follows: Notice from the China Central Depository & Clearing Co., Ltd. on the Reduction of Service Fees for Certain Main Businesses Zhongzhai Zi [2026] No. 214 Market Participants: In order to continuously implement the national policy of tax reduction and fee reduction and further enhance the quality and efficiency of financial infrastructure services, the China Central Depository & Clearing Co., Ltd. (hereinafter referred to as the Central Clearing Company) has decided to reduce service fees for some of its main businesses. The details are as follows: 1. The issuance registration service fee for international bonds (Panda bonds) will be fully exempted. 2. A 5% discount will be applied to the interest payment and redemption service fee rate for bonds in the interbank bond market, resulting in a post-discount rate of 0.0475%. The interest payment and redemption service fee for Sci-Tech Innovation bonds and international bonds (Panda bonds) will be fully exempted. 3. A 10% discount will apply to the settlement service fee for bonds and issuers not covered by existing preferential measures in the interbank bond market, resulting in a post-discount fee of 135 yuan per transaction. 4. A 5% discount will be applied to the service fees for repo transactions, including reverse repos and bond lending transactions in the interbank bond market, resulting in a post-discount fee of 114 yuan per transaction for single bond types and 190 yuan per transaction for multiple bond types; the fee for reverse repos will be 190 yuan per transaction; and the fee for bond lending (including cross-custodian bond lending and centralized bond lending) will be 190 yuan per transaction. 5. A 5% discount will be applied to the service fee rates for various trading products of the bond counter business, resulting in a post-discount rate of 0.019% of the bond settlement face value for bond counters, repo transactions, reverse repos, bond lending, and bond forwards, with a cap mechanism in place to limit the fee to no more than 120 yuan per transaction. The above preferential measures will be valid from September 1, 2026, to December 31, 2028. Any adjustments will be notified separately by the Central Clearing Company. The Central Clearing Company will continue to strengthen the construction of the national financial infrastructure, ensure safe and efficient operations, deepen core service capabilities, and better serve the market and clients. China Central Depository & Clearing Co., Ltd. August 25, 2026 This article is extracted from the official website of the "China Central Depository & Clearing Co., Ltd.," edited by GMTEight: Feng Qiuyi.