China Foreign Exchange Trading Center: Continuing to exempt small and medium-sized enterprises from transaction fees related to forex derivatives trading in the interbank forex market.

According to the Securities Times APP, on December 19, the China Foreign Exchange Trading Center issued a notice on the continued exemption of interbank foreign exchange market transaction fees for foreign exchange derivative transactions of small and medium-sized enterprises. Financial institutions providing trading services for small and medium-sized enterprises through the China Foreign Exchange Trading Center's bank-enterprise platform are fully exempted from interbank foreign exchange market transaction fees based on the total volume of client-side transactions. For financial institutions providing trading services for small and medium-sized enterprises through other channels, the financial institutions are responsible for verifying the standard of small and medium-sized enterprises and reporting the list of companies to the China Foreign Exchange Trading Center. The China Foreign Exchange Trading Center will use 50% of the total volume of client-side transactions as the base to fully exempt interbank foreign exchange market transaction fees. The transaction types eligible for transaction fee discounts include forward contracts, swaps, currency swaps, and options on RMB foreign exchange derivatives.