generally speaking, the transaction handling fee refers to the securities transaction handling fee, which is the transaction fee paid by the securities company to the stock exchange according to a certain proportion of the actual transaction amount after the transaction is completed in the stock exchange. Handling fee and commission are both transaction fees in nature, but there are obvious differences. The handling fee is the fee paid by the broker to the exchange, while the commission is the fee paid by the investor to the broker. The commission includes the income of the broker and the handling fee and other expenses that the broker has to pay to the exchange.
this time, the Shanghai and Shenzhen stock exchanges plan to reduce the transaction handling fee of A shares, from .69‰ of the transaction amount to .487‰ of the transaction amount, with a decrease of 3%. Then, after the implementation on August 1st, the reduction of transaction fees will directly increase the profits of brokers, and also enable brokers to gain more commission concession space, thus indirectly reducing the cost of traders.