Notice of Reduction of Stamp Duty on Stock Transactions

Dear Valued Client,


The “Stamp Duty (Amendment) (Stock Transfers) Bill 2023” has been passed by the Legislative Council. The Amendment Ordinance will be published in the Gazette on 16 November 2023 and come into operation on 17 November 2023. Under the Bill, 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%


Soochow Securities International Brokerage Limited