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HKEX Finalizes Simplified Board Lot Framework, To Be Implemented in 2 Phases
2026-06-30 16:44:54 HKEX (00388.HK) published the conclusions of its consultation on proposed enhancements to the board lot framework for the Hong Kong securities market. Taking into account the feedback received, HKEX will proceed with the enhancements to the board lot framework for Applicable Securities. This includes reduction of the board lot value floor guidance from HK$2,000 to HK$1,000; introduction of board lot value ceiling guidance at HK$50,000 for issuers that adopt board lot units larger than 100 shares; and standardization of board lot units to a defined set of eight options: 1, 50, 100, 500, 1,000, 2,000, 5,000 and 10,000 share(s). HKEX will implement the adjustments in two phases. The first phase will take effect from July 2, while the second phase will take effect upon the launch of the uncertificated securities market on November 16. All issuers will be required to adopt one of the standardized board lot units within six months of completing the Uncertificated Securities Market (USM) transition process. The requirement to conduct parallel trading for a change of board lot unit will be removed for issuers that have completed the USM transition process. In conjunction with the enhanced board lot framework, HKEX also plans to enhance the odd lot trading mechanism, with the exploration of a new automatic matching mechanism considered to be launched earliest by the third quarter of 2027, subject to regulatory approval and market readiness. ~ AASTOCKS Financial News Website: www.aastocks.com | |