Hong Kong Exchanges and Clearing Limited (HKEX) today (Friday) welcomes the HKSAR Government’s publication in the Gazette of the Stamp Duty (Amendment) (No. 2) Ordinance 2026, which provides for the arrangement for the calculation and payment of stamp duty arising from transactions of dual-counter stocks conducted at the Renminbi (RMB) counter in RMB.
To provide a more streamlined and coherent payment framework for Exchange Participants, HKEX will also facilitate the settlement of the SFC Transaction Levy, AFRC Transaction Levy, Investor Compensation Levy (currently suspended) and trading fee payable to the Exchange (together, Trading-Related Fees) in RMB.
HKEX Chief Operating Officer, Vanessa Lau, said: "We welcome the Government's legislative approval of the new arrangement, an important step in supporting increased RMB usage across the securities market. By aligning the payment currency of stamp duty and Trading-Related Fees for transactions under the RMB counter, it will increase market accessibility for investors using RMB globally and pave the way for future inclusion of the RMB counter into Southbound trading under Stock Connect. We will continue working closely with regulators and market participants to strengthen Hong Kong’s market infrastructure and expand the city’s RMB product ecosystem, supporting the continued internationalisation of the RMB."
HKEX is conducting necessary system upgrades with relevant authorities and market stakeholders to support stamp duty and Trading-Related Fees payment in RMB. The implementation of the new arrangement will be subject to the relevant commencement notice from the HKSAR Government, regulatory approvals and market readiness.
Further details, including operational arrangements and targeted implementation timelines, will be announced in due course.
