The Shanghai and Shenzhen stock exchanges reassured foreign institutions who engage in high-frequency trading that they will be subject to the same fee collection standards as domestic traders amid speculation they will have to pay more under a new charging system.
High-frequency trading will face additional fees, according to draft rules released by the two bourses and the Beijing Stock Exchange in June aimed at strengthening oversight of program trading, where investors use computer programs to make trading decisions and execute transactions. The rules align with provisions in the China Securities Regulatory Commission’s (CSRC) program trading regulations released in May that will take effect on Oct. 8.
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