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The Hong Kong SAR Government did welcome the passage of the Stamp Duty Legislation (Miscellaneous Amendments) Bill 2024 by the Legislative Council on 11 December 2024. The passage of this Bill means that Hong Kong will implement the following important stamp duty reform measures:Extra-large benefits, exemption from stamp duty, celebration, and stability tomorrow?

Revise the arrangement of stamp duty collection under the paperless securities market system: This revision aims to optimize the stamp duty collection process under the paperless securities market environment and improve efficiency.Exempt option makers from stamp duty on securities distribution business: By reducing the transaction cost of option makers, this measure helps to improve the efficiency and liquidity of the option market.Revise the arrangement of stamp duty collection under the paperless securities market system: This revision aims to optimize the stamp duty collection process under the paperless securities market environment and improve efficiency.

It is reasonable to say that it is extremely good and should stabilize, but it seems that it is not bought today, or it rose too much the day before yesterday, resulting in too heavy selling pressure. Tomorrow is very important. If it falls, it means that today is a fall relay. If it goes up, it means that it has stabilized today and the market outlook can be expected. At present, it is still in a volatile city, so be careful not to chase up and down. The content is for reference only and does not constitute investment advice. Like and pay attention, never get lost.These reform measures are part of the relevant measures put forward by the Hong Kong SAR Government in response to the Government's Budget for the fiscal year 2024-2025, with the aim of further promoting the development of Hong Kong's financial market.Exemption from stamp duty on the transfer of shares or units of real estate investment trusts (REITs): This measure aims to reduce related transaction costs and enhance the market competitiveness of Hong Kong REITs.