The Hong Kong Legislative Council has passed amendments to the Stamp Duty Ordinance. The stamp duty for dual counter Renminbi transactions will be uniformly calculated and paid in Renminbi.

The Hong Kong government welcomes the Legislative Council's passage of the Stamp Duty (Amendment) (No. 2) Bill 2026 today (July 8), which specifies the arrangement for stamp duty on Renminbi (RMB) counter transactions to be calculated and paid in RMB. A government spokesperson said, "These measures will facilitate investors to settle transactions and pay stamp duty in RMB simultaneously when trading on RMB counters, expected to enhance the turnover and liquidity of RMB counters and strengthen the RMB's function as an international investment currency." The amended ordinance will be gazetted on July 17. The new arrangement will be implemented on a date to be announced separately in the Government Gazette by the Financial Secretary of Hong Kong to accommodate system adjustments by the Hong Kong Exchanges and Clearing Limited, the industry, and relevant departments.