Central Settlement Corporation: Reduction of service fees for some main businesses

The Zhitong Finance App learned that on August 25, the Central Treasury Bond Registration and Settlement Co., Ltd. issued the “Notice on Reducing Service Fees for Some Main Businesses”. The Central Clearing House has decided to reduce fees for some of its main businesses. Among them: International bond (panda bonds) issuance registration service fees are fully waived; a 9.5 percent discount is applied to the interest payment service rate for surviving bonds in the interbank bond market. After the discount, the rate is 0.475 parts per 10,000. Interest payment service fees for science and innovation bonds and international bonds (panda bonds) are fully exempted; a 10% discount is applied to cash transaction settlement service fees for securities types and entities not covered by existing preferential measures in the interbank bond market. After the discount, the cash transaction service is 135 yuan/transaction. The preferential measures are valid from September 1, 2026 to December 31, 2028. If there are any future adjustments, the Central Clearing Company will notify you separately.

The original text is as follows:

Notice of the Central Treasury Bond Registration and Settlement Co., Ltd. on reducing service fees for some of its main businesses

Chinese Debt Letter [2026] No. 214

Market participants:

In order to continue to implement the national tax reduction and fee reduction spirit and further promote the quality and efficiency of financial infrastructure services, the Central Treasury Bond Registration and Settlement Co., Ltd. (hereinafter referred to as the Central Clearing Company) has decided to reduce fees for some of its main business. The notice is as follows:

1. Full exemption from international bond (panda bonds) issuance registration service fees.

2. A 9.5 percent discount will be applied to the interest payment service rate for surviving bonds in the interbank bond market. After the discount, the rate is 0.475 parts per 10,000. Interest payments and service fees on science and innovation bonds and international bonds (panda bonds) are fully exempted.

3. A 10% discount on cash transaction settlement service fees for securities types and entities not covered by existing preferential measures in the interbank bond market is 135 yuan/transaction after the discount.

4. A 9.5 percent discount on pledged repurchases, buyout repurchases, and bond loan transaction settlement service fees in the interbank bond market. After the discount, the pledged repurchase was 114 yuan/transaction, 190 yuan/transaction for multiple vouchers; 190 yuan/transaction for buyout repurchases; and 190 yuan/transaction for bond loans (including cross-custodian bond loans and centralized bond loans).

5. A 9.5 percent discount is applied to the settlement service rate for each transaction type in the bond counter business. After the discount, the rate for various counter transaction types such as cash, pledged repurchases, buyout repurchases, bond loans, and bond forwards is 0.19/10,000 of the bond settlement amount, and a capping mechanism is implemented, with a single charge of no more than 120 yuan.

The above preferential measures are valid from September 1, 2026 to December 31, 2028. If there are any future adjustments, the Central Clearing Company will notify you separately.

The Central Settlement Corporation will continue to strengthen the country's financial infrastructure, ensure safe and efficient operation, deepen core service capabilities, and better serve the market and customers.

Central Treasury Bond Registration and Settlement Co., Ltd.

August 25, 2026

This article was selected from the official website of “Central Treasury Bonds Registration and Settlement Co., Ltd.”, Zhitong Finance Editor: Feng Qiuyi.