On 17 August 2020, the Hong Kong Inland Revenue Department announced the issuance of Stamping Circular No. 03/2020 regarding the Stamp Duty Ordinance (Amendment of Schedule 8) Regulation 2020, which came into operation on 1 August 2020 and provides a stamp duty exemption on the sale and purchase of Hong Kong stock involving the activities of ETF market makers in the course of allotting and red…