The Hong Kong Stock Exchange has implemented a new stock transaction fee structure starting today (the 30th), completely removing the previous minimum fee of HKD 2 and maximum fee of HKD 100.

“This adjustment is related to the Hong Kong market’s policy of lowering the minimum price fluctuation unit (the smallest price change for trading stocks). Under the new standard, the cost of small-value transactions for investors will drop significantly,” industry insiders explained.

Specifically, in the past, due to the minimum fee limit, the cost of small-value transactions was relatively high. For example, for a transaction of HKD 1,000, the minimum fee was HKD 2, resulting in a fee rate as high as 0.2%. After the adjustment, the fee rate is 0.0042%, or HKD 0.042, representing a substantial decrease in cost.

At the same time, with the removal of both minimum and maximum fee limits, institutional investors can calculate transaction costs more accurately and optimize their trading strategies, which helps better control costs during large-scale transactions.

In addition, under the new rules, fees will still be charged on both the buy and sell sides.