On July 17,HKEX welcomes the gazettal by the HKSAR Government of the Stamp Duty (Amendment) (No. 2) Ordinance 2026, which formalises the arrangement for stamp duty on dual-counter stock trades on the RMB counter to be calculated and settled in RMB. HKEX will also enable RMB settlement for all trading-related fees including the SFC Transaction Levy, AFRC Transaction Levy, currently suspended Investor Compensation Levy, and exchange trading fees. Vanessa Lau, Chief Operating Officer of HKEX, stated that the new statutory arrangement will boost RMB adoption in the securities market, improve market access for global RMB investors, and lay groundwork for the RMB counter’s inclusion in Stock Connect Southbound trading, bolstering Hong Kong’s RMB product ecosystem and RMB internationalisation. HKEX is carrying out requisite system upgrades with regulators and market participants. The new measures will take effect pending the HKSAR Government’s commencement notice, regulatory clearances and full market readiness, with operational details and target implementation timelines to be announced in due course.
Source: https://www.hkex.com.hk/News/Market-Communications/2026/2607172news?sc_lang=en