The Securities and Futures Commission has approved changes to the Rules of the Exchange and Operation Procedures for Stamp Duty Collection of SEHK. These amendments will allow the HKD-RMB dual counter initiative, which includes trading securities in two different currencies and a new dual counter market making program. Stamp duty exemption may be granted for eligible market making and liquidity providing transactions. The amendments will come into effect when the dual counter initiative launches, and the marked-up version can be downloaded from the HKEX website. Stock Exchange Trading Rights and Exchange Participants of SEHK should take note of these changes.
Marked-up version of Rules of the Exchange: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/SEHK/Securities/Rule-Update_Rules-of-the-Exchange/033_23_SEHK_DCMM_e_markup.pdf
Marked-up version of Operation Procedures for Stamp Duty Collection: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Rules-and-Forms-and-Fees/Rules/SEHK/Securities/Rule-Update_Operation-Procedures-for-Stamp-Duty-Collection/033_23_stamp-duty_DCMM_e_markup.pdf
Resource: https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/SEHK/2023/033_23_SEHK_Stamp-Duty_DCMM_e.pdf
