When was the fee reduction and benefit policy launched?

September 30, 2021. The China Payment and Clearing Association and the China Banking Association jointly issued relevant initiatives on reducing payment fees for small and micro enterprises and individual industrial and commercial households. The fee reduction and benefit policy will be officially implemented from September 30, 2021. On the basis of fulfilling regulatory and industry association requirements, we proactively expand the scope and intensity of exemptions and exemptions to effectively benefit customers.