HKEX(HK:00388) Zheng Quan Shi Bao Wang·2026-01-09 10:36Core Viewpoint - Hong Kong Stock Exchange (HKEX) plans to implement the second phase of lowering the minimum tick size for securities trading by mid-2026, following the successful execution of the first phase in August 2025, which showed no adverse effects on the market [1][2] Group 1 - The first phase of the minimum tick size reduction has been completed, and stocks within the reduced range have not shown negative impacts [1] - The second phase will reduce the minimum tick size for securities priced between 0.5 to 10 HKD by 50%, from 0.01 HKD to 0.005 HKD [1] - HKEX will conduct end-to-end testing and market rehearsals in 2026 to ensure the smooth implementation of the second phase [1] Group 2 - HKEX's Chief Operating Officer, Liu Bi-yin, noted that the first phase of the reform has significantly narrowed the bid-ask spread, reducing trading costs and enhancing overall liquidity [2] - The second phase aims to further improve market efficiency and liquidity, alongside other initiatives such as the implementation of a paperless securities market and trading unit reforms [2] - HKEX is committed to collaborating with partners and stakeholders to promote market innovation and maintain Hong Kong's status as a leading global market [2]