Industry calls for Hong Kong T+1 delay amid congestion fears
Q4 2027 alignment with Europe and UK transition raises operational risk concerns
Banks are calling for a delay to the Hong Kong Exchange’s planned 2027 transition to next-day (T+1) settlement for equity products, warning overlapping timelines with similar efforts in the European Union and UK could create major operational challenges.
“Can we push it out beyond 2027?” says Shen Li, State Street’s head of FX sales for Asia-Pacific. “We don’t want to see everything coming on to the plate at the same time. Rolling out for three major markets around the same time unfortunately
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