Hong Kong Exchange just made a formal statement about their positioning for a move to T+1.
Please see the below link for more details. Key points to note:
• HKEX now targets T+1 implementation in the second half of 2028, subject to market readiness and regulatory approval.
• Key focus areas for the transition to T+1, such as:
o Managing the increased operational demands from a compressed settlement cycle
o Ensuring securities availability and settlement preparation in a timely manner
o Enhancing automation and settlement data quality
o Affirming the critical role of industry-wide coordination and readiness
• HKEX will adopt a three-layer implementation framework that covers:
o Layer 1: Enhancements to its own post trade infrastructure and operating model
o Layer 2: Development of targeted workflow tools and services
o Layer 3: Industry-wide coordination on market practices and ecosystem readiness for topics outside of its own infrastructure and operating model.
HKEX Sets Roadmap for T+1 Transition in Securities Market
SFA will look to provide further updates in due course