China Currency Exchange Center: Waiver of Interbank Foreign Exchange Market Transaction Fees Related to Foreign Exchange Derivative Transactions of Small, Medium, and Micro Enterprises

Updated 1 hour ago (GMT+8)
EqualOcean

The China Foreign Exchange Trading Center issued a notice on the 27th. After the filing with the State Administration of Foreign Exchange, the China Foreign Exchange Trading Center will further strengthen the preferential treatment of interbank market transaction processing fees foreign exchange related to transactions in foreign exchange derivatives of small, medium and micro-enterprises, and move from half to full exemption. Among them, if financial institutions provide trading services to small, medium and micro enterprises through the mall’s banking enterprise platform, the mall will take the total amount of customer order transactions as the basis and reduce transaction processing fees throughout the interbank foreign exchange market. When a financial institution provides trading services to small, medium and micro enterprises through other channels, the financial institution is responsible for reviewing the standards of small, medium and micro enterprises and communicating the list of enterprises to the trading center . The mall will take 50% of the total volume of customer transactions as the basis and completely reduce the transaction processing fees in the interbank foreign exchange market. Varieties of transactions applicable to preferential transaction processing fees include RMB and foreign exchange derivatives such as futures, swaps, currency swaps, and options.