PRESS RELEASE

(Source : Information Services Department)

     The Government published in the Gazette today (May 29) the Stamp Duty (Amendment) (No. 2) Bill 2026 to provide for the calculation and payment of stamp duty arising from transactions of dual-counter stocks conducted at the Renminbi (RMB) counter in RMB.
      
     "'The Chief Executive's 2025 Policy Address' announced that the Government will implement the arrangement for paying the stamp duty arising from RMB counter stock transactions in RMB, which allows investors to settle both their trades and the associated stamp duty and other levies or charges in RMB at the same RMB counter. The arrangement is expected to increase the turnover and liquidity of the RMB counter, which in turn strengthens the role of RMB as an international investment currency, further consolidating Hong Kong's status as a leading offshore RMB business hub," the Government spokesperson said.
      
     The Bill will be introduced into the Legislative Council for first reading on June 10, 2026.