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Caixin: Hong Kong tokenized ETFs will enjoy stamp duty exemption

According to online reports, according to Caixin, the Hong Kong Financial Services and Treasury Bureau today issued the "Hong Kong Digital Asset Development Policy Declaration 2.0", which pointed out that the Hong Kong government will increase its efforts to expand the tokenization plan and promote the tokenization of a wider range of assets and financial instruments., demonstrating the diverse applications of this technology in different sectors, including precious metals (such as gold), non-ferrous metals and renewable energy such as solar panels). At present, all ETFs listed on the Hong Kong Stock Exchange are exempt from stamp duty upon transfer. In order to promote the development of the tokenized market, the Hong Kong government will clarify that the stamp duty exemption measure also applies to tokenized ETFs, which is equivalent to clarifying the stamp duty situation after tokenized ETFs allow secondary market transactions in the future. Policy Statement 2.0 has also made it clear that market participants are welcome to explore the advantages of tokenizing ETFs, including introducing them to secondary market transactions on licensed digital asset trading platforms or other platforms.

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