Internet reports that the Hong Kong Stock Exchange will implement a new stock payment fee structure starting today (30th), completely breaking the original limit of a minimum of 2 Hong Kong dollars and a maximum of 100 Hong Kong dollars. "This adjustment is related to the Hong Kong market's policy of lowering the lowest price (the minimum unit of price change for buying and selling stocks). Under the new standards, the cost of small transactions by investors will drop significantly." Industry insiders said. Specifically, when small transactions were conducted in the past, the transaction cost was relatively high due to the existence of the minimum fee limit. For example, for a transaction of HK$1000, the minimum fee is HK$2, and the fee ratio is as high as 0.2%. After adjustment, the charge ratio is 0.0042%, or 0.042 Hong Kong dollars, which greatly reduces costs. At the same time, by eliminating the minimum and maximum fee limits, institutional investors can more accurately calculate transaction costs, optimize trading strategies, and help better control costs when conducting large-scale transactions. In addition, after the new regulations, sales and sales are still collected bilaterally. (Jin Shi)