Hong Kong stock exchange to reduce minimum price changes to boost liquidity

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Hong Kong stock exchange to reduce minimum price changes to boost liquidity - SCMP

Quick Summary:

The reform aims to lower overall transaction costs and support a more efficient price-discovery process, says HKEX deputy CEO.

Wilfred Yiu, deputy CEO of Hong Kong Exchanges and Clearing, pictured on April 9, 2024.“HKEX is fully committed to elevating the depth and vibrancy of its markets, and this is reflected in the continuous roll-out of new microstructure enhancements,” said Wilfred Yiu, HKEX’s deputy CEO, co-chief operating officer and co-head of markets.

The announcement follows a consultation in June, in which HKEX received 110 responses, with the majority showing support, according to the consultation conclusions published on Tuesday.