The Hong Kong Inland Revenue Department has announced the Stamp Duty (Amendment) (No. 2) Bill 2026 on 29 May 2026, which was published in the Official Gazette the same day.
The Stamp Duty (Amendment) (No. 2) Bill 2026 provides for the calculation and payment of stamp duty arising from transactions of dual-counter stocks conducted at the Renminbi (RMB) counter in RMB.
The Chief Executive’s 2025 Policy Address announced that the government will implement an arrangement allowing stamp duty arising from RMB counter stock transactions to be paid in RMB. Under this arrangement, investors can settle both their trades and related stamp duty, as well as other levies or charges, in RMB at the same RMB counter.
The measure is expected to increase turnover and liquidity in the RMB counter, thereby strengthening the role of the RMB as an international investment currency and further consolidating Hong Kong’s position as a leading offshore RMB business hub, according to a government spokesperson.
The Bill will be introduced into the Legislative Council for first reading on 10 June 2026.
Earlier, on 20 May 2026, the Hong Kong Inland Revenue Department announced that the government welcomed the approval of the Stamp Duty (Amendment) Bill 2026 by the Legislative Council.
