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HKEX has released its consultation conclusions and proposes shortening the settlement cycle for the Hong Kong stock cash market from T+2 to T+1, with implementation targeted for 2028 year September. The SFC welcomes the plan and will revise the relevant rules and procedures with HKEX.
HKEX announced the launch of a cross-market technology index with S&P Dow Jones Indices, covering leading companies listed in the United States and large technology companies in Hong Kong. The index is intended to provide a basis for future related ETF to qualify for inclusion in Stock Connect trading.
HKEX Chief Executive Officer Bonnie Y. Chan stated that HKEX is actively studying the extension of after-hours trading hours for derivatives and will lead market discussions on extending stock market trading hours.
Julia Leung, Chief Executive Officer of the Hong Kong Securities and Futures Commission, said that Hong Kong is studying an extension of securities trading hours, to be introduced first in the derivatives market; HKEX plans to publish a consultation paper on arrangements for the cash market in the fourth quarter.