Chan Maobo: HKEX will consult the market on the specific implementation plan for promoting the "T+1" settlement cycle in the first half of the year

CryptocurrencySniper · 2026-02-25T04:25:31+00:00

Hong Kong Financial Secretary Paul Chan introduced the 2026-2027 fiscal year budget proposal in the Legislative Council, proposing measures to optimize the securities market, including revising listing requirements, introducing more flexible listing procedures, improving the product listing framework, and promoting a paperless securities market system.

CryptocurrencySniper

2026-02-25 04:25:31

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On February 25, the Financial Secretary of the Hong Kong SAR Government, Paul Chan, delivered the government’s fiscal budget for the 2026-2027 fiscal year in the Legislative Council. Paul Chan stated that to continuously optimize the securities market, attract issuers, and improve market efficiency, the Hong Kong Stock Exchange will promote the following initiatives:

In the first quarter, consult the market on revising the listing requirements for companies with different voting rights, facilitating secondary listings for overseas issuers, optimizing the initial public offering process, and providing more flexibility for biotech and specialized tech companies applying for listing;
In the first half of the year, implement improvements to the listing framework for structured products and consult the market on the specific implementation plan for promoting a T+1 settlement cycle;
Reform the trading unit for securities transactions and, in collaboration with the Hong Kong Securities and Futures Commission and industry stakeholders, launch a paperless securities market system within the year.

(Source: Jiemian News)

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