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Hong Kong lowers stamp duty on stock transfers to 0.1%
The government expects the reduction to improve market sentiment.
The government welcomed the passage of the Stamp Duty (Amendment) (Stock Transfers) Bill that will reduce the rate of Stamp Duty on Stock Transfers to 0.1%.
The government expects the reduction to lower investors' transaction costs, improve market sentiment, and enhance the competitiveness of Hong Kong's stock market.
The government will work with financial regulators to enhance stock market liquidity and promote the sustainable development of the market.
The amendment ordinance will come into effect on 17 November.
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