The news that is closely related to the market over the weekend is that the exchange has reduced some fees. Let’s take a look at the details:
Shanghai Stock Exchange This fee reduction project covers corporate listing fees, online voting service fees for shareholders’ meetings, CA service fees, Shanghai Stock Exchange e service fees; the scope of CA usage fee reductions will be expanded to institutional investors and other investment users, and related fees such as incremental CA services will be waived. At the same time, online voting service fees such as bond holder meetings and fund holder meetings are waived, margin voting and collection service fees are waived, the 2022 trading unit usage fee and bond transaction handling fee are maintained, the data center cabinet fee is maintained, and fees for SSE chain services, SSE cloud roadshow services, etc. are continued to be waived. The Shanghai Stock Exchange received a total of 500 million yuan less, which is called profit sharing.
The Shenzhen Stock Exchange will waive listing fees for Shenzhen-listed companies and funds this time, and waive transaction unit traffic fees for funds , bonds (excluding convertible bonds) and asset-backed securities . In addition, Shenzhen Securities Communications Co., Ltd. and Shenzhen Securities Information Co., Ltd. , both affiliated to the Shenzhen Stock Exchange, have respectively exempted and exempted Shenzhen trading communication gateway software service fees, wide area network line access service fees, and shareholder meeting online voting service fees. The Shenzhen Stock Exchange received a total of 300 million yuan less, which is also a profit.
When I saw this news, the first thing I felt was that there were too many charged items. There were nearly 20 charged items, and they couldn’t be more detailed.
Secondly, these profit reductions and exemptions are for listed companies and brokerages . These reductions and exemptions have nothing to do with us retail investors.
Stamp duty is so obvious. Few countries in the world still charge stamp duty. Why not reduce it? What about transfer fees? The transfer fee can also be reduced, and we retail investors can also feel the care and warmth of the organization!
In fact, we have been calling for substantial fee reductions for many years, but the management has not mentioned a word, and there is nothing we can do. Let’s interpret the weekend exchange profit as a profit!
Let’s look at technical aspects :
In the five trading days last week, the market fell for five consecutive days (although the positive line closed on Friday, it was the two weights of brokerage and liquor that supported the index, and it was actually a false positive line ). The trading volume on Friday shrank to 580 billion. The trading volume was bleak, and the bulls basically gave up resistance. Thanks to the weekend exchange fee reduction and profit sharing, there is a high probability that will open higher and will open lower next week.
At the end of the year, institutions mainly withdraw funds. The trend in the past month has been very clear. From the overall environment, there are very few trading opportunities. Next week is the last trading week in 2022, and this situation will not change much!
The monthly line for December will be generated next week. The market in December is in the form of fluctuating at a high level and going low. The opening point on on December 1 is 3187 points. Considering that the rebound next week will be limited, it is a foregone conclusion that the monthly line in December will be negative! !
operation strategy: The current market is completely short position . Next week the index may fall below the 3000 point integer mark. If it falls below 3000 points, you can increase your position in . After all, the risk below 3000 points is relatively small.
personal opinions are for reference only. Everyone is welcome to follow and like. We will continue to share key points of opinions with you in subsequent articles!
wishes everyone a prosperous account! !