HKEX(HK:00388) 智通财经网·2025-08-19 03:02Core Viewpoint - The Hong Kong Stock Exchange (HKEX) is initiating discussions to shorten the settlement cycle for the stock market to T+1, aiming to enhance market efficiency and align with international standards [1][2] Group 1: HKEX's Proposal - HKEX released a discussion paper on July 16 regarding the shortening of the settlement cycle to T+1, seeking consensus with industry participants [1] - The transition to T+1 is expected to improve market efficiency and reduce systemic risk, while also aligning Hong Kong's market with other international markets [2] Group 2: Role of Regulatory Bodies - The Hong Kong Monetary Authority (HKMA) emphasized the crucial role of banks in facilitating the transition to T+1 and has urged recognized institutions to prepare for the change [1] - Recognized institutions have indicated their readiness based on experiences from markets that have already implemented T+1 or T+0 settlement cycles [1] Group 3: Preparations and Considerations - Recognized institutions are advised to consider the impact of accelerated settlement on their operations, liquidity, and service to clients, particularly international investors [1] - Sufficient resources should be allocated to enhance operations, systems, and infrastructure in preparation for the shorter settlement cycle [1] - The HKMA will continue to monitor market developments and provide further guidance to support the transition to T+1 when appropriate [1]