On 08 Jul 2026, the Government welcomed the passage of the Stamp Duty (Amendment) (No. 2) Bill 2026 to facilitate RMB stamp duty payments for dual-counter stocks.
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SPOTLIGHT ON
FAMILY OFFICES
On 08 Jul 2026, the Government welcomed the Legislative Council's passage of the Stamp Duty (Amendment) (No. 2) Bill 2026, enabling the calculation and payment of stamp duty on dual-counter stock transactions at the Renminbi ("RMB") counter in RMB.
Market Liquidity and Settlement
The Government spokesperson noted that investors may settle trades and stamp duties in RMB at the same counter. This arrangement is projected to enhance RMB counter turnover and liquidity, thereby strengthening the RMB's role as an international investment currency.
Implementation Schedule
The Amendment Ordinance will be gazetted on July 17, with commencement to be appointed by the Secretary for Financial Services and the Treasury via notice to facilitate preparations by the Hong Kong Exchanges and Clearing Limited, industry, and government departments. (Source : Information Services Department) Ends/Wednesday, July 8, 2026 Issued at HKT 16:15.
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