Hong Kong Government Welcomes Passage of Stamp Duty Amendment Bill for RMB Counter Trading

The Hong Kong Special Administrative Region government said it welcomed the Legislative Council’s passage of the Stamp Duty (Amendment) (No. 2) Bill 2026. According to Jin10, the bill sets out arrangements for stamp duty on Renminbi counter trading of dual-counter securities to be calculated and paid in Renminbi. A government spokesperson said the measures will make it easier for investors to settle trades and pay stamp duty in Renminbi when trading through the Renminbi counter. The spokesperson said the government expects the changes to help increase turnover and liquidity in the Renminbi counter and strengthen the Renminbi’s role as an international investment currency. The amended ordinance will be gazetted on July 17.