What do you mean by commission?

Commission is the fee charged by the stock exchange when investors buy and sell stocks. The commission rates of different securities companies are different. The CSRC requires that the commission should not exceed 3 ‰ of the turnover, with a minimum 5 yuan for each transaction, which is charged in both directions. In addition to commission, stock trading will continue to collect contract stamp duty and transfer fees. The contract stamp duty is 1 of the turnover at the time of sale, and is not charged at the time of purchase. The transfer fee is paid in both directions, and 0.2% of the turnover is charged.

Securities trading commission refers to the service fee paid by the entrusting party to the commission company according to a fixed proportion of the actual turnover after the transaction is completed. Commission is the operating income of the securities company after the transaction is completed, in other words, the fee income. After the entrusted transaction is completed, the entrusting party shall pay the entrusted transaction commission of 3.5‰ of the actual turnover to the company that organizes the entrusted settlement. A securities company shall not raise or lower the commission standard at will or in disguised form, and shall not charge a commission to a customer when the entrusted transaction is not completed.