The Hong Kong Stock Exchange suggests optimizing the trading unit framework to enhance market efficiency and participation.

date
18/12/2025
According to the China Fortune Financial APP, on December 18, the Hong Kong Stock Exchange issued a consultation paper today on optimizing the framework of the minimum trading unit in the Hong Kong securities market, seeking market opinions to enhance trading, settlement, and delivery efficiency. The consultation will last for 12 weeks and end on March 12, 2026. The main suggestions include: 1. There are eight options for the number of shares per trading unit available for issuers to choose from: 1 share, 50 shares, 100 shares, 500 shares, 1000 shares, 2000 shares, 5000 shares, and 10000 shares. If the related suggestions are implemented, it is estimated that about 25% of issuers will need to adjust their number of shares per unit. 2. As the execution costs of current trades have already been reduced, the lower limit of the value per unit will be reduced from the current 2000 yuan to 1000 yuan, and an upper limit of 50,000 yuan for the value per unit will be added for issuers using a number of shares per unit greater than 100 shares.