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Story summary
- Hong Kong Exchanges and Clearing (HKEX) plans to reduce the cash settlement cycle for share trading from T+2 to T+1 by Q4 2027.
- Bonnie Chan Yiting, HKEX chief executive, said the transition would make transactions faster and safer and align Hong Kong's US$7.5 trillion market with international standards.
- The proposal followed Financial Secretary Paul Chan Mo-po's February mention.
- A four-week consultation is open until May 18 to invite industry feedback.
