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HKEX CEO: H+A Listing Will Not Dilute Investor Base; White Paper on 'T+1' Planned to be Released Within Yr
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HKEX (00388.HK) CEO Bonnie Chan responded to suggestions regarding Greater Bay Area companies listing on the Shenzhen Stock Exchange. She stated that whether it is “A before H” or “H before A”, it allows companies to reach more investors, not only avoiding dilution of the investor base but also increasing stock liquidity and appreciating valuation. As to settlement system reforms, Chan stated that HKEX plans to release a white paper on the “T+1” settlement cycle within the year, underscoring that HKEX has no predetermined stance. Last year, the US bourse had changed from “T+2” to “T+1”, while she believed shortening the cycle can achieve faster turnover but can also increase operational risks. AASTOCKS Financial News Website: www.aastocks.com |
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