{
  "id": 14381597,
  "title": "No rush to T+1: Hong Kong exchange won’t hurry settlement-time change, sources say",
  "url": "https://urgent.news/2026/10/14/no-rush-to-t-1-hong-kong-exchange-wont-hurry-settlement-time-change",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T06:00:07.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/markets/article/3370813/no-rush-t1-hong-kong-exchange-wont-hurry-settlement-time-change-sources-say"
  },
  "original_language": "en",
  "account": "Hong Kong’s stock exchange, managed by Hong Kong Exchanges and Clearing (HKEX), has decided not to hasten the transition to a T+1 settlement cycle, sources indicate. Currently, trade settlements occur two days after transactions (T+2). This decision stems from concerns from market participants who want additional time to prepare for the change. HKEX had proposed implementing T+1 in the fourth quarter of 2027, but many stakeholders expressed a desire for more time for training and testing. Large institutional investors and large brokerages expressed particular worry due to time zone differences, which could limit the time available for settlement. The bourse operator plans to allow more time for system testing and educational workshops before confirming a launch date, with a tentative shift to 2028. HKEX received feedback from various stakeholders during the consultation period, which concluded in May, to ensure a smooth transition. If Hong Kong does not keep pace with global markets like the US and Australia, it risks losing its competitive edge, according to Paul Pong Po-lam, managing director of Pegasus Fund Managers. The shift to T+1 is considered an inevitable global trend, with regulatory bodies advised to closely assess the readiness of market players, particularly smaller firms and mainland-backed institutions.",
  "summary": "Participants in Hong Kong’s stock market may need to wait longer for shorter transaction settlement times, as market participants want more time to prepare for the change, according to two sources familiar with the matter. Bourse operator Hong Kong Exchanges and Clearing (HKEX) said in a consultation paper in April that it aimed to implement a so-called T+1 system – under which trades would be…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Reuters Business via SCMP",
        "title": "Trump’s China-savvy spokeswoman, Hong Kong trail emergencies: 5 weekend reads you missed",
        "url": "https://urgent.news/2026/10/12/trumps-china-savvy-spokeswoman-hong-kong-trail-emergencies-5-weekend",
        "published": "2026-10-12T04:15:05.000Z"
      },
      {
        "outlet": "Hong Kong Free Press",
        "title": "Hong Kong Cyclothon organiser apologises after lead vehicle misdirects riders away from Ting Kau Bridge",
        "url": "https://urgent.news/2026/10/12/hong-kong-cyclothon-organiser-apologises-after-lead-vehicle",
        "published": "2026-10-12T07:00:08.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "Hong Kong watchdog investigates IPO rigging, suspends ChaPanda shares",
        "url": "https://urgent.news/2026/10/13/hong-kong-watchdog-investigates-ipo-rigging-suspends-chapanda-shares",
        "published": "2026-10-13T09:14:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}