The 33 year tradition is expected to be rewritten, and the "T+1" settlement reform in Hong Kong stocks may increase capital turnover by 20%

As the Hong Kong stock market continues to recover, the Hong Kong Stock Exchange has published a discussion document on shortening the settlement cycle of the Hong Kong stock spot market. Industry insiders interpret that the Hong Kong stock market has continued its 33 year "T+2" settlement cycle and is expected to shift towards "T+1". In the eyes of industry insiders, the Hong Kong stock market is shifting towards a "T+1" settlement cycle, with both opportunities and challenges: the impact of Hong Kong's stablecoin payment settlement on financial infrastructure is becoming apparent, and the industry calls for the stock market to improve its capital turnover efficiency and liquidity as soon as possible; At the same time, the shortening of settlement cycles has put forward higher requirements for securities firms, custodian banks, and settlement institutions, and institutional investors' arbitrage and derivative hedging strategies are also facing challenges. (Shanghai Securities News)