HKEX Unveils T+1 Settlement Transition Roadmap for Securities Market, Targeting Implementation in H2 2028
HKEX released the conclusions of its consultation on accelerating settlement, confirming broad market support for transitioning the Hong Kong securities market to a T+1 settlement cycle, with a target implementation in the second half of 2028, subject to market readiness and regulatory approval. The consultation received 109 non-duplicate responses from brokers, custodians, investment managers, industry associations, technology providers, and investors.
Key Takeaways:HKEX announced a three-tier implementation framework for T+1 settlement and a target launch timeline in the second half of 2028, allowing market participants to plan system upgrades and operational preparations in advance.