Hong Kong Exchanges and Clearing has published its consultation conclusions and plans to shorten the settlement cycle for Hong Kong’s cash equities market from T+2 to T+1. Based on market feedback, the implementation timetable has been revised to the second half of 2028, with a target date of September 2028. The Securities and Futures Commission welcomed the proposal.
Leung Chung-yin, Executive Director of Supervision of Markets at the SFC, said the move is an important step in maintaining Hong Kong’s competitiveness as an international financial centre and keeping pace with global markets. He also called on market participants to assess early how the change could affect their systems, processes and operations. The SFC said it will work with HKEX to amend the relevant rules and procedures.
Hong Kong Exchanges and Clearing (HKEX) has published its consultation conclusions and plans to shorten the settlement cycle for Hong Kong’s cash equities market from T+2 to T+1. Based on market feedback, the implementation timetable has been revised to the second half of 2028, with a target date of September 2028.
According to the Hong Kong Securities and Futures Commission (SFC), the regulator welcomed the plan. Leung Chung-yin, Executive Director of Supervision of Markets at the SFC, said the change is an important step for maintaining Hong Kong’s competitiveness as an international financial centre and aligning with global markets. He also urged the industry to assess early the impact of the shift on systems, processes and operations.
The SFC said it will work with HKEX to revise the relevant rules and procedures.
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