Scepticism greets CSRC move to cut trading costs

Forlorn investors and stock market analysts have expressed scepticism over the likely impact of moves by China’s securities regulator to further cut stock market transaction fees. Designed to boost market confidence, the China Securities Regulatory Commission announced last Thursday it would cut fees applied to stocks and futures trades effective from September 1. This will see charges on A-share transactions on the nation’s two bourses in Shanghai and Shenzhen lowered by a furt…