According the Government published in The Gazette the “Stamp Duty (Amendment) (Stock Transfers) Bill 2023” (the Bill) on 25 October 2023. Subject to passage of the Bill by the Legislative Council (LegCo) and promulgation of the Ordinance in the Gazette, the rate of stamp duty chargeable on a contract note for the sale or purchase of any Hong Kong stock (not being jobbing business) will be reduced from 0.13% to 0.1% (“stamp duty reduction”).

It is noted that the second reading debate of the Bill is expected to be resumed at LegCo on 15 November 2023. The finalized effective date will be announced in due course.