Aug 25, 2023 05:51 AM

FINANCE

Citic Securities Cuts Fees for Investors

By Quan Yue and Han Wei

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Citic Securities said it will cut commission fees for clients that trade stocks on bourses in Shanghai, Shenzhen and Beijing starting Aug. 28

Citic Securities said it will cut commission fees for clients that trade stocks on bourses in Shanghai, Shenzhen and Beijing starting Aug. 28

China’s Citic Securities slashed the fees it charges stock investors Thursday in response to a set of measures proposed by regulators to bolster the country’s sagging markets.

China’s top investment bank by market value said it will cut commission fees for clients that trade stocks on bourses in Shanghai, Shenzhen and Beijing starting Aug. 28. Caixin calculated that the adjustments will save investors 0.146 yuan ($0.02) on every 10,000 yuan transaction.

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