---
title: "HKEX settlement fee standardized at 0.0042% to be implemented in June, expected to promote more low-value transactions"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/229168845.md"
description: "HKEX announced that it will optimize the fee structure for securities market settlement, implementing a unified fee rate of 0.0042% per transaction starting from June 2025. This move is expected to result in approximately 77% of market transactions paying lower fees, eliminating minimum and maximum fee caps, with the aim of improving market efficiency and ensuring that fees are more closely linked to transaction amounts. After the adjustment, the fee rate for ETP market maker transactions will also be adjusted to 0.0020%. This measure will promote more low-value transactions and strengthen Hong Kong's position as an international financial center"
datetime: "2025-02-21T10:16:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229168845.md)
  - [en](https://longbridge.com/en/news/229168845.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229168845.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/229168845.md) | [English](https://longbridge.com/en/news/229168845.md)


# HKEX settlement fee standardized at 0.0042% to be implemented in June, expected to promote more low-value transactions

HKEX standardizes settlement fees at 0.0042% to be implemented in June, expected 77% of investors to benefit from reduced fees, promoting more low-value transactions.

Hong Kong Exchanges and Clearing (388) announced that it will optimize the share settlement fee structure in the securities market to enhance market efficiency and ensure that the fees are more closely linked to the transaction amount, with approximately 77% of market transactions expected to pay lower fees.

## Elimination of Minimum and Maximum Fee Limits

The current share settlement fee structure has a minimum fee of HKD 2 and a maximum fee of HKD 100, resulting in higher fee rates for transactions with lower amounts. To address this, HKEX will eliminate the minimum and maximum fee limits and standardize the fee rate to 0.42 basis points (0.0042%) per transaction. The new fee structure aims to ensure that the overall market expenditure does not increase, balancing the cost of fees across all transaction sizes.

Additionally, the share settlement fee rate for eligible market maker transactions for Exchange Traded Products (ETP) will also be adjusted to 0.20 basis points (0.0020%), with the elimination of minimum and maximum fees. The adjusted fees will be comparable to the past costs of ETP market maker activities to ensure continued ample liquidity in the ETP market.

## 77% of Transactions Will Pay Lower Fees

According to data from Hong Kong Exchanges and Clearing, under the new fee structure, approximately 77% of market transactions between 2019 and 2024 will pay lower fees.

HKEX Chief Operating Officer and Group Chief Financial Officer Liu Bi-yin stated that HKEX is committed to providing a vibrant and efficient market for global investors and is pleased to optimize the share settlement fee structure, making the fees clearer and more consistent, fairer for transactions of different amounts, allowing retail and institutional investors to execute their trading strategies more flexibly. This adjustment is also part of our efforts to increase the depth and breadth of the securities market, reinforcing Hong Kong's position as a leading international financial center.

The new fee structure has been approved by the Securities and Futures Commission and will be implemented in June 2025 once the market is ready, effective before the first phase of narrowing bid-ask spreads. After narrowing the bid-ask spreads for stocks, it may promote more transactions with smaller amounts, allowing investors to benefit from the new fee structure

### 相關股票

- [Hong Kong Exchanges and Clearing (HKEX) (HKXCY.US)](https://longbridge.com/zh-HK/quote/HKXCY.US.md)
- [HKEX (00388.HK)](https://longbridge.com/zh-HK/quote/00388.HK.md)

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