HKEX's Chan Yi-ting: HKEX will study a 24-hour trading mechanism

Wallstreetcn
2025.08.20 11:10
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At the Hong Kong Exchanges and Clearing (HKEX) 2025 mid-term performance meeting, HKEX Group CEO Charles Li stated that HKEX will study a 24-hour trading mechanism, planning to conduct research based on international experience while considering the actual situation of the local market. She emphasized that HKEX will continue to increase investment in data platforms and trading settlement systems, and will discuss with market participants the shortening of the spot market settlement cycle, expecting to support a T+1 settlement cycle by the end of the year

At the Hong Kong Exchanges and Clearing (HKEX) mid-term performance meeting for 2025, HKEX Group CEO Charles Li stated: "HKEX has always adhered to the principle of strategic investment to maintain global competitiveness. HKEX will not be stingy in capital expenditures, and we will continue to increase our investment in data platform optimization, trading and settlement system upgrades, and other areas." On-site, Charles Li addressed the market's hot topic of extending trading hours. "Regarding the issue of extending trading hours, we have noted that Nasdaq plans to implement a 24-hour trading mechanism five days a week in the second half of 2026. HKEX will adhere to a prudent and gradual principle, conducting research based on fully drawing on the experiences of international peers while considering the actual conditions of the local market. This process will need to be gradually improved after the trading system upgrades, risk management system enhancements, and regulatory framework maturation," she stated. Charles Li also mentioned that HKEX is actively discussing with market participants the shortening of the settlement cycle for the spot market. HKEX's technical system will support a T+1 settlement cycle by the end of this year, but when the market will implement T+1 settlement needs to seek the opinions of multiple market participants. (Shanghai Securities Journal)

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