News Snapshot:
Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1. HKEX (Hong Kong Exchanges and Clearing) has released a new concept paper setting out a proposal to modernise, digitalise and shorten the IPO settlement process in Hong Kong. HKEX identified the shortening of Hong Kong’s IPO settlement process as a key initiative in its Strategic Plan 2019-21 , as part of a broader range of market microstructure improvements. The mechanism for how new shares start trading has not fundamentally changed in more...
