Increasing the rate of ad valorem stamp duty chargeable on transactions of Hong Kong stock

In the Budget 2021/22, the Financial Secretary proposed to increase the rate of ad valorem stamp duty for transaction of Hong Kong stock that is prescribed under head 2 of the First Schedule to the Stamp Duty Ordinance (Cap. 117). The increased rate is as follows:

Nature of Document	Stamp Duty
Contract Note for sale or purchase of Hong Kong stock	0.13% of the amount of the consideration or of its value on every sold note or bought note
Transfer operating as a voluntary disposition inter vivos of Hong Kong stock	$5 + 0.26% of the value of the stock

The above stamp duty rates apply with effect from 1 August 2021.