Published On: Mon, Sep 1st, 2014

Levies in HKEx’s Markets to be Reduced from 1 November

Charles Li CEO HKEx -

Charles Li CEO HKEx –

The levies that Hong Kong Exchanges and Clearing Limited (HKEx) collects on transactions in its markets on behalf of the Securities and Futures Commission (SFC) will be reduced when the Government’s Securities and Futures (Levy) (Amendment) Order 2014 takes effect on 1 November 2014.

Under the Order, the Transaction Levy payable by a buyer or a seller for a transaction of securities will be reduced from 0.003 per cent to 0.0027 per cent from 1 November; the Commission Levy for buyers and sellers of standard futures and options contracts will be reduced from $0.60 to $0.54 per contract; and the Commission Levy for buyers and sellers of Mini Hang Seng Index Futures, Mini H-shares Index Futures, Mini Hang Seng Index Options and Stock Futures contracts will be reduced from $0.12 to $0.10.

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