Fees and taxes applicable to a Northbound trade
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Handling Fee
Securities: 0.00341% of the consideration of a transaction per side
ETF: 0.004% of the consideration of a transaction per side -
Securities Management Fee
Securities: 0.002% of the consideration of a transaction
ETF: Waived -
Transfer Fee*
Securities: 0.001% of the consideration of each transaction per side payable under ChinaClear’s Rules; and
Securities: 0.002% of the consideration of each transaction per side payable under the General Rules of CCASS.
ETF: Waived under ChinaClear’s Rules; and
ETF: 0.002% of the consideration of each transaction per side payable under the General Rules of CCASS. -
Stamp Duty
Securities: 0.05% of the consideration of a transaction on the seller
ETF: Waived
Receipt & Delivery Service Charges
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Receipt (SI)
Waived
-
Securities Settlement Withdrawal (SI)
0.25% of stock market value
Minimum charge per stock HK$500 or equivalent RMB
CCASS Fee, 0.002% of stock market value
Minimum charge HKD$2
Maximum charge HKD$100
All the above fees and levies will be collected from CCASS Participants’ designated bank accounts at day-end of T day.
Fees and taxes to be confirmed with the relevant regulators/authorities:
-
Portfolio Fee
Annual Interest Rate 0.008%, calculated on a daily basis and collected on a monthly basis. (Market value of A share x 0.008%/365)
-
Dividend Tax
Applicable to cash dividend and bonus issue
Subject to clarification with SAT -
Capital Gain Tax
Applicable to share disposal
Subject to clarification with SAT
Dividend tax will be withheld by issuer and ChinaClear upon dividend payment.
Important note: The information and materials contained are provided on an “as is” and “as available” basis and may be amended or changed in the course of implementation of China Connect.
