The Government has welcomed the Legislative Council's passage of the Stamp Duty (Amendment) (No. 2) Bill 2026, which sets out rules for the calculation and payment in Renminbi (RMB) of stamp duty arising from dual-counter stock transactions conducted at the RMB counter.

The measure, passed today, will allow investors to settle both their trades and the associated stamp duty, in RMB, at the same RMB counter. It is expected to increase the RMB counter’s turnover and liquidity, strengthening the RMB’s role as an international investment currency.

The legislation will be published in the Government Gazette on July 17.

To facilitate system preparations by the Hong Kong Exchanges & Clearing, the industry and relevant government departments, the new arrangements will commence on a day to be announced separately by the Secretary for Financial Services & the Treasury by way of a notice published in the Gazette.