The Stamp Duty (Amendment) (No. 2) Bill 2026 was gazetted on 29 May 2026 to facilitate RMB stamp duty payments for dual-counter stocks.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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Legislative Publication and Scope
On 29 May 2026, the Government gazetted the Stamp Duty (Amendment) (No. 2) Bill 2026, establishing provisions for the calculation and remittance of stamp duty on dual-counter stock transactions executed at the Renminbi ("RMB") counter in RMB.
Policy Rationale and Strategic Objectives
Pursuant to the Chief Executive's 2025 Policy Address, the Government will implement arrangements permitting investors to settle trades and associated stamp duties, levies, or charges in RMB at the same RMB counter. This measure is anticipated to increase turnover and liquidity of the RMB counter, thereby strengthening the RMB's role as an international investment currency and further consolidating Hong Kong's status as a leading offshore RMB business hub.
Legislative Timeline and Issuance Details
The Bill will be introduced into the Legislative Council for first reading on June 10, 2026. The information was issued at HKT 11:30 on Friday, May 29, 2026.
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