Hong Kong Securities and Futures Professional Association: Shortening the stock settlement period can increase liquidity and accelerate capital turnover.

According to the Securities Times APP, the Hong Kong Exchanges and Clearing Limited (HKEX) published a discussion paper on July 16 regarding the possibility of shortening the settlement cycle of the Hong Kong stock market, aiming to initiate discussions on the topic. The paper suggests that HKEX is considering shortening the current "T+2" settlement cycle to "T+1". Ma Zengjie, a member of the Hong Kong Securities and Futures Professionals Association, expressed support for shortening the settlement cycle of the Hong Kong stock market in an interview, stating that "T+1" is the trend and can reduce the backlog of unsettled trades and increase the turnover of funds.