SGE Shanghai Gold Exchange : Notice of Transaction Fees Adjustment in 2021

All Members,

In order to implement the major decisions and arrangements of the Party Central Committee, the State Council and the Party committee of the People's Bank of China on financial support for the real economy, Shanghai Gold Exchange will continue to take various measures in 2021 to reduce the transaction costs of investors, effectively improve the market liquidity, implement the purpose of serving the industry, the market and the members, and ensure the sustainable and healthy development of market. The specific measures are as follows:

For the purpose of activating the deferred market, enhancing the liquidity and the investment function of the market, SGE will continue to reduce transaction fees of contracts listed on the deferred market from January 1st, 2021 to December 31st, 2021. During the period, the transaction fee of Au(T+D), mAu(T+D) and Ag(T+D) will all be 0.015%, while the transaction fee of Au (T+N1) and Au (T+N2) will be 0.01%.

For the purpose of enhancing the healthy development of the physical trading market, increasing the delivery volume and satisfying the physical needs of the members, the transaction fees of physical gold products will be maintained at 0.03% from January 1st, 2021 to December 31st, 2021; Meanwhile, SGE will also continue to exempt members from transaction fee of Ag99.99 during such period.

In order to cultivate SGE's market and to encourage the development of SGE's innovative business, SGE will continue to exempt members from transaction fee of Shanghai Gold Benchmark Price Trading, Shanghai Silver Benchmark Price Trading and PGC30g from January 1st, 2021 to December 31st, 2021. And the transaction fees of NYAuTN06 and NYAuTN12 will also be maintained at 0.01% from January 1st, 2021 to December 31st, 2021.

In order to encourage the trading activity on the international board, SGE will continuously reduce transaction fees of products listed on the international board from January 1st, 2021 to December 31st, 2021. The transaction fee of iAu99.99, iAu99.5, and iAu100g will all be adjusted to 0.005%. Meanwhile, the transaction fee of spot/forward contracts of iPAu99.99, iPAu99.5 and iPAu100g with physical delivery will be 0.01% (the fee arrangements for swap contracts will be announced separately); while the transaction fee of iPAu99.99, iPAu99.5 and iPAu100g with cash settlement will be waived..

Shanghai Gold Exchange

28th December, 2020