Shanghai Clearing House: Continued phased exemption of clearing fees for financial institutions providing services related to RMB and foreign exchange derivatives transactions for small and micro enterprises.

Interbank Clearing House Co., Ltd. issued a notice on the continued exemption of clearing fees for financial institutions serving small and micro enterprises in Renminbi foreign exchange derivative transactions. In order to further support the high-quality development of the real economy, reduce the exchange rate hedging costs for small and micro enterprises, and continuously improve the quality and efficiency of financial services, after reporting to the State Administration of Foreign Exchange, Interbank Clearing House Co., Ltd. will continue to exempt foreign exchange central counterparty clearing fees related to Renminbi foreign exchange derivative transactions for financial institutions serving small and micro enterprises.