Hong Kong SAR Government: Exemption of stamp duty on the transfer of shares or units of real estate investment trusts and the securities dealing business of option dealers

The Hong Kong Special Administrative Region government announced the exemption of stamp duty on the transfer of shares or units of real estate investment trusts and the securities dealing business of option dealers, aiming to enhance the competitiveness of REITs and reduce transaction costs. At the same time, the stamp duty collection arrangements will be revised to improve the efficiency of the paperless securities market. These measures will contribute to the development of the financial market