An amendment to Hong Kong’s Stamp Duty bill could mean that dual-counter securities traded in yuan are subject to stamp duty directly in renminbi.  This is also another effort aimed at boosting RMB offshore liquidity and strengthening the city’s position as the region’s hub for digital asset and ETF trading.

The proposed Stamp Duty (Amendment) (No. 2) Bill 2026 is distinct from the Residential Property Stamp Duty amendment legislation that was passed by the Legislative Council on May 20.

This earlier legislation, enacted in the government’s 2026-27 Budget announcement, raised stamp duty for high-end residential sales above HK$100 million to 6.5% from 4.25%. This new securities-focused bill is slated to have its first reading…