PRESS RELEASE

(Source : Information Services Department)

     The Government welcomes the Legislative Council's passage of the Stamp Duty (Amendment) (No. 2) Bill 2026 today (July 8) to provide for the arrangement for the calculation and payment of stamp duty arising from transactions of dual-counter stocks conducted at the Renminbi (RMB) counter in RMB.

     The Government spokesperson said, "The measure will allow investors to settle both their trades and the associated stamp duty 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."

     The Amendment Ordinance will be published in the Gazette on July 17. The new arrangements will commence on a day to be appointed separately by the Secretary for Financial Services and the Treasury by notice published in the Gazette to facilitate the system preparations of the Hong Kong Exchanges and Clearing Limited, the industry and relevant government departments.