Brokerage firms to introduce settlement membership fee; first-year waiver

SighingCashier · 2026-03-30T19:12:32+00:00

The Hong Kong Stock Exchange is implementing a paperless securities market and will introduce a new central clearing system membership fee, with an annual fee ranging from HKD 12,000 to HKD 150,000, waived for the first year. This move aims to adjust related fees to align with international practices.

SighingCashier

2026-03-30 19:12:32

Abstract generation in progress

March 31, 2026

Brokerage firms add settlement clearing membership fee; first year waived

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To support the rollout of a paperless securities market, the Hong Kong Exchanges and Clearing Limited (00388) has announced adjustments to related fees, effective when the new system is implemented. This includes the introduction of a new central clearing system membership fee, calculated based on the average daily securities portfolio value (of registered securities in customers’ securities accounts maintained by settlement participants in the previous year, excluding “Stock Connect” securities). Annual membership fees will range from 12,000 yuan to 150,000 yuan. The exchange explains that the new pricing principle is aligned with international practices, based on tiered membership…

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