On 15 May 2020, the Hong Kong Inland Revenue Department issued a release on the amendment of the Stamp Duty Ordinance to lower transaction costs for primary market ETF activities. --- The Government published the Stamp Duty Ordinance (Amendment of Schedule 8) Regulation 2020 (Regulation) in the Gazette today (May 15). The Regulation seeks to amend Schedule 8 to the Stamp Duty Ordinance (Cap. 117) to waive the stamp duty on stock transfers involving the activities of exchange traded fund (ETF) market makers in the course of allotting and redeeming ETF units listed in Hong Kong. The Secretary for Financial...