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Ashish Kumar

Hong Kong to allow RMB-paid stamp duty for yuan-counter trades; bill set for June 10

Hong Kong plans to amend its Stamp Duty rules so trades executed via the RMB counter of dual-counter securities can pay stamp duty directly in renminbi, with the bill scheduled for a first reading on June 10, 2026. The change is positioned to support offshore RMB liquidity and could gradually encourage more RMB-denominated ETF activity, including spot Bitcoin and Ether ETFs listed on HKEX.
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