Xu Zhengyu: Stamp duty on dual-counters securities traded in RMB counters must be calculated and paid in RMB.

According to the Smart Finance and Economics APP, on June 10th, Chan Mo Po, the Financial Secretary and Treasury Chief of Hong Kong, proposed the second reading of the "2026 Stamp Duty (Amendment) (No. 2) Bill" at the meeting of the Legislative Council. Chan Mo Po suggested amending the Stamp Duty Ordinance to specify that the stamp duty for RMB securities traded on dual-counter trading must be calculated and paid in RMB. As for other fees, including those imposed by the Hong Kong Securities and Futures Commission, the Investor Compensation Fund, the Hong Kong Monetary Authority, and Hong Kong Exchanges and Clearing Limited (HKEx), HKEx will streamline the arrangement for the collection of related fees in RMB within its internal framework, without amending any laws.