The Hong Kong "2026 Stamp Duty (Amendment) (No. 2) Bill" was published in the Gazette today.

On May 29, the Hong Kong Special Administrative Region Government published the "Stamp Duty (Amendment) (No. 2) Bill 2026" (the "Bill") in the gazette, specifying that stamp duty for dual-counter Renminbi securities trading shall be calculated and paid in Renminbi. A government spokesperson stated that the "Policy Address of the Chief Executive 2025" announced the government's implementation of arrangements for paying stamp duty for Renminbi securities traded in Renminbi counters, allowing investors to trade and settle transactions in Renminbi counters with Renminbi stamp duty and other charges. It is expected that these arrangements will increase the turnover and liquidity of Renminbi counters, strengthening Renminbi's function as an international investment currency and further consolidating Hong Kong's position as a leading hub for offshore Renminbi business. The Bill will be tabled for its first reading in the Legislative Council on June 10.