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.
Ashley Alder, Chief Executive Officer of the Hong Kong SFC, said that it is studying an extension of securities trading hours, with plans to initially implement it in the derivatives market. HKEX plans to publish a discussion paper in the fourth quarter on extending trading hours in the cash market and advance T+1 settlement arrangements.
