Hong Kong Exchange Targets T+1 Settlement in Second Half of 2028

Hong Kong Exchanges and Clearing Limited (HKEX) is targeting the second half of 2028 to move Hong Kong’s cash equities market to T+1 settlement, a shorter trade-to-settlement cycle that depends on market readiness and regulatory approval. HKEX published its consultation conclusions on Oct. 16 after receiving 109 nonduplicate responses from brokers, custodians, investment managers, industry associations, technology providers, investors and other market participants. Responses broadly supported the shift. T+1 means a trade is settled one business day after its transaction date.

Source: TokenPost