HKEX Clears RMB Fee Barrier for Hong Kong Dual-Counter Stocks on July 17

According to HKEX, on July 17, Hong Kong Exchanges and Clearing Limited received legislative approval to allow investors to pay stamp duty and trading-related fees in renminbi when trading eligible dual-counter stocks. The Stamp Duty (Amendment) (No. 2) Ordinance 2026, published in the Hong Kong Government Gazette, enables investors to settle both the trade and associated taxes in RMB, removing currency-conversion friction.

HKEX will extend RMB settlement to cover the Securities and Futures Commission transaction levy, Accounting and Financial Reporting Council transaction levy, and exchange trading fees. "By aligning the payment currency of stamp duty and trading-related fees for RMB counter transactions, it will increase market accessibility for investors using RMB globally and pave the way for future inclusion of the RMB counter into Southbound trading under Stock Connect," said HKEX Chief Operating Officer Vanessa Lau.