HKEX plans to shorten the Hong Kong stock settlement cycle to T+1 by September 2028.

HKEX publishes consultation conclusions, proposing to shorten the settlement cycle of the Hong Kong 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 SFC welcomes this.

PANews October 16 news, according to the Hong Kong Securities and Futures Commission website, Hong Kong Exchanges and Clearing Limited published a consultation conclusion, proposing to shorten the settlement cycle of the Hong Kong stock cash 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 SFC welcomes this. Leung Chung-yin, Executive Director of the Market Supervision Department, said this move is an important step in maintaining Hong Kong's competitiveness as an international financial center and aligning with global markets, and called on the industry to assess early the impact of the change on systems, processes, and operations. The SFC will work with HKEX to amend the relevant rules and procedures.