Shenzhen Stock Exchange

www.szse.cn
Tel : 86.755 8208 3333/3570
Fax : 86.755 8208 3333/3571

 

Representatives

       Chairman : Mr. Wu Lijun

       President & CEO : Ms. Liping Song

 

Types of Securities Traded Name of Trading Systems (cash and derivatives) Trading Hours
Shares STS/4, screen-based 9:30 - 11:30
13:00 - 15:00
Bonds STS/4, screen-based 9:30 - 11:30
13:00 - 15:00
Funds STS/4, screen-based 9:30 - 11:30
13:00 - 15:00
Warrants STS/4, screen-based 9:30 - 11:30
13:00 - 15:00

 

Supervisory Body

China Securities Regulatory Committee (CSRC)

Name of Clearing & Settlement Organization

China Securities Depository and Clearing Corporation Limited, Shenzhen Branch

Settlement Cycle

T + 1 for A share,
T + 3 for B share
 

Name of Central Securities Depository

China Securities Depository and Clearing Corporation Limited, Shenzhen Branch
 

Commissions on Transactions levied by Exchange

 

A Share

Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: RMB 5

(Tender offer service fee is charged by reference to A Share fee standards.)

Paid by investors to securities firms

B Share

Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: HKD 5

Mutual Fund

Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: RMB 5

Warrants

Not more than 0.3% of the traded value and not less than the sum of regulatory levy and transaction levy for securities transactions. Minimum charge: RMB 5

 

For detailed information, please visit http://www.szse.cn/main/en/Products/Trading/TradingFees/.

 

Taxes on Dividends, Interests

For individual investors, for shares held for less than one month (including one month), the total dividend is subject to 20% income tax; for shares held for between one month and one year (including one year), the total dividend is temporarily subject to 50% of the 20% income tax; for shares held for more than one year, the total dividend is temporarily subject to 25% of the 20% income tax.

For more information, please visit http://www.csrc.gov.cn/pub/csrc_en/newsfacts/release/201212/t20121206_217710.htm

 

2013 Share ownership thresholds (%)

5%

Short selling (Yes / No)

Yes

Short selling conditions (if any)

SZSE is open for margin trading and securities lending, but for designated securities only.

The scope of securities that can be used for margin trading and securities lending is specified by stock exchanges according to relevant rules. Securities firms determine the securities for margin trading and securities lending business within the list of securities announced by stock exchanges. Investors are only allowed to select the securities for margin trading and securities lending within the scope permitted by securities firms.

For more information, please visit http://www.szse.cn/main/en/Products/Trading/MarginTrading/

This page was last updated on: 09/26/2014 - 12:11