Hong Kong Government Publishes Stamp Duty Amendment Bill for RMB Transactions
The Hong Kong Special Administrative Region Government announced on May 29 the publication of the Stamp Duty (Amendment) (No. 2) Bill 2026 in the Gazette. According to Jin10, the bill specifies that stamp duty for transactions in the RMB counter of dual-counter securities will be calculated and paid in RMB. A government spokesperson stated that this arrangement is expected to increase the trading volume and liquidity of the RMB counter, thereby enhancing the role of RMB as an international investment currency and further solidifying Hong Kong's position as a leading offshore RMB business hub. The bill is scheduled for its first reading in the Legislative Council on June 10.
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