China Foreign Exchange Trading Center: continue exempting small and medium-sized enterprises from bank-to-bank market transaction fees related to foreign exchange derivatives trading.

20:03 19/12/2025

On December 19, the China Foreign Exchange Trading Center issued a notice on continuing to exempt the trading fees for small and medium-sized enterprises' foreign exchange derivatives trading in the interbank foreign exchange market.

On December 19, the China Foreign Exchange Trading Center issued a notice on continuing to exempt banks from interbank foreign exchange market trading fees related to foreign exchange derivatives transactions for small and medium-sized enterprises (SMEs). Financial institutions that provide trading services for SMEs through the Foreign Exchange Trading Center Bank-Enterprise Platform will have the interbank foreign exchange market trading fees fully waived based on the client order trading volume. If financial institutions provide trading services for SMEs through other channels, they must verify SME standards and report the list of companies to the Foreign Exchange Trading Center. In this case, the Foreign Exchange Trading Center will use 50% of the client order trading volume as the basis to fully exempt the interbank foreign exchange market trading fees. The types of transactions eligible for fee discounts include forward contracts, swaps, currency swaps, and options for RMB foreign exchange derivatives. Small and medium-sized enterprises refer to medium-sized, small, and micro enterprises that meet the criteria outlined in the National Bureau of Statistics' "Classification Method for Large, Medium, Small, and Micro Enterprises in Statistical Terms (2017)." Financial institutions are required to submit client order trading information related to SMEs to the Foreign Exchange Trading Center by the 15th of the end of each quarter. The information should cover the last month of the previous quarter and the first two months of the current quarter, including client names, trading types, currency pairs, trading volumes, prices, terms, etc., and must retain relevant trading records for inspection. Financial institutions must pass on the fee reductions they receive to the relevant companies. These measures will be implemented from January 1, 2026, for a period of two years. For inquiries, contact 021-63298988-3292, 021-38585347. China Foreign Exchange Trading Center December 18, 2025 This article is excerpted from the China Foreign Exchange Trading Center and edited by Chen Wenfang for GMTEight.

The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

The People's Bank of China has increased its gold holdings for the 15th consecutive month.

100 billion is simply not enough to distribute! Investors are rushing to add to Anthropic, and the frenzy of oversubscription is pushing funding to 20 billion US dollars.

The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.