Hong Kong targets T+1 settlement by 2028
Hong Kong Exchanges and Clearing plans to transition its securities market from a T+2 to a T+1 settlement cycle by the second half of 2028. The move aims to reduce settlement risk, enhance capital efficiency and align the financial hub with global markets.
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HONG KONG EXCHANGES & CLEAR aims to shift its securities market to a T+1 settlement cycle by the second half of 2028. The move replaces the prevailing T+2 system, aligning with the United States, which has already adopted T+1. The transition reduces settlement risk and strengthens market resilience for investors, according to exchange officials.
