Hong Kong Exchange proposes to adjust the settlement cycle of the stock cash market from T+2 to T+1.

The Hong Kong Exchange and Clearing Limited (HKEX) is seeking feedback on shortening the settlement cycle of the Hong Kong stock market. On April 17, HKEX published a consultation paper on shortening the settlement cycle of the Hong Kong stock market from the current T+2 to T+1 proposed operating mode and invited market feedback on the proposal. The consultation period will end on May 18. The settlement cycle refers to the time between the execution of a securities transaction and its settlement. HKEX had previously issued a discussion paper in July 2025 to discuss shortening the settlement cycle with the market.