Hong Kong Exchanges and Clearing Reportedly Postpones Shortening Settlement Cycle to "T+1" Until 2028

Hong Kong Exchanges and Clearing plans to delay the implementation of shortening the cash market settlement cycle from "T+2" to "T+1" until 2028, putting back the original plan for rollout in the fourth quarter of next year. The South China Morning Post, citing sources, reported that consultation results showed market participants felt more time was needed to prepare, with large institutional investors expressing the greatest concerns.