Daily News Headlines

  • Daily News Headlines – 30 Jul 2020

    Amendments to the Rules of the Exchange and the Operation Procedures for Stamp Duty Collection of The Stock Exchange of Hong Kong Limited (“SEHK”)

    HKEX, 30 Jul 2020

    As a result of amendments to the Stamp Duty Ordinance which are scheduled to become effective on 1 August 2020, sale and purchase transactions by Securities Market Makers, their approved affiliate and their registered Designated Specialists of constituent underlying stocks made to fulfil an allotment order for, or pursuant to the receipt constituent underlying stocks in connection with a redemption of, shares or units of exchange traded funds, arising from market making and liquidity providing activities on such funds, are no longer subject to stamp duty.

    Full Text: Click Here