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.
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