In the early trading of April 29, the brokerage sector opened up sharply. As of press time, the daily limit of the Pacific, China Investment Capital and Xiangcai shares rose by more than 5%, and more than 15 stocks including Hongta Securities, GF Securities, and Everbright Securities rose by more than 3%.
In the news, China Settlement announced yesterday that from April 29, 2022, the stock transaction transfer fee will be reduced by 50% as a whole, that is, the stock transaction transfer fee will be 0.02‰ of the current transaction value of A shares in Shanghai and Shenzhen markets, and A shares in Beijing market and 0.02‰. The shares of the listed company are charged in both directions according to the transaction amount of 0.025‰, and the unified reduction is reduced to 0.01% of the transaction amount in both directions.
CITIC Securities believes that the adjustment of the transfer fee for stock transactions is expected to give market investors about 5 billion yuan in profits each year, reducing investment transaction costs by 1.2%, and the overall impact on the market is relatively limited.
Huatai Securities believes that reducing the transfer fee will reduce the investment cost of investors, stimulate market vitality, and reflect the supervision and care of the market under the current capital market fluctuations. The current market is relatively pessimistic, and the policy catalyst is expected to promote the market recovery.