HKEX Targets T+1 Settlement Transition in Second Half of 2028

The significance here is less the deadline than the sequencing: HKEX is aligning a core market function with the global shift toward faster settlement, and the consultation conclusion suggests the industry has accepted the direction rather than resisting it. The practical burden falls on brokers, custodians and cross-border funding desks, which must rework post-trade processes and overnight liquidity arrangements well before the target window. The open question is whether the stated conditions — market readiness and regulatory approval — hold, since T+1 compresses the window for error resolution and FX funding across time zones.