TREE NEWS reports: Shanghai’s average A-share brokerage commission rate stood at 0.0169% in August, up 4.32% month-on-month, excluding high-frequency quantitative trading. Despite the monthly uptick, the long-term downward trend in commission rates remains unchanged, prompting brokerages to accelerate their shift toward wealth management.
Shanghai August A-Share Brokerage Commission Rate Rises 4.32% MoM to 0.0169%
AI take
The monthly uptick matters less than the structural picture: commission rates keep grinding lower over time, and this August reading does not reverse that. The squeeze falls on brokerage revenue models built around trading volume, which is why the push into wealth management keeps accelerating. The open question is whether firms can replace lost commission income with fee-based advisory and product revenue before the erosion bites further.
Generated by AI for reference only.
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