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Caixin: Hong Kong Tokenized ETFs to Be Exempt from Stamp Duty

Caixin: Hong Kong Tokenized ETFs to Be Exempt from Stamp Duty

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星球日报星球日报2025/06/26 11:44

Odaily Planet Daily News: The Hong Kong Financial Services and the Treasury Bureau today released the "Hong Kong Digital Asset Development Policy Statement 2.0," which states that the government will intensify efforts to expand tokenization initiatives, promote broader tokenization of assets and financial instruments, and showcase the diverse applications of this technology across various sectors, including precious metals (such as gold), non-ferrous metals, and renewable energy (such as solar panels).
Currently, all exchange-traded funds (ETFs) listed on the Hong Kong Stock Exchange are exempt from stamp duty upon transfer. To foster the development of the tokenization market, the Hong Kong government will clarify that the stamp duty exemption also applies to tokenized ETFs, effectively clarifying the stamp duty situation for tokenized ETFs once secondary market trading is permitted in the future. The "Policy Statement 2.0" also explicitly welcomes market participants to explore the advantages of ETF tokenization, including introducing them for secondary market trading on licensed digital asset trading platforms or other platforms. (Caixin)

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