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Hong Kong bets on RMB trading amid Crypto ETFs demand surge
May 29, 2026
< 1 min read
by Ashish Kumar
for CryptoPolitan
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Hong Kong’s proposed Stamp Duty (Amendment) would require dual-counter securities traded in renminbi to pay stamp duty directly in RMB, a regulatory change targeting yuan-denominated trading. The amendment aims to boost RMB offshore liquidity and reinforce Hong Kong as a regional hub for digital asset, ETF and crypto activity, supporting adoption, offshore fundraising and market infrastructure.
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An amendment to Hong Kong’s Stamp Duty bill could mean that dual-counter securities traded in yuan are subject to stamp duty directly in renminbi. This is also another effort aimed at boosting RMB offshore liquidity and strengthening the city’s position as the region’s hub for digital asset and ETF trading. The proposed Stamp Duty (Amendment)...
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