Hong Kong Exchanges

CCEP/TTEP Circular on SSE and SZSE Trading Rules Consultation

HKEX has notified China Connect Exchange Participants and Trade-through Exchange Participants that the Shanghai Stock Exchange and Shenzhen Stock Exchange published consultation papers on amendments to their Trading Rules, with the consultation period having concluded on 17 April 2026. The proposed changes include adjusting the trading method for SSE-listed funds during the closing auction period from continuous auction to closing call auction, and increasing the daily price limit for risk alert stocks on the Main Board of both exchanges from 5% to 10%.

WellCell Holdings 1-into-4 Share Subdivision Adjusted Price Display

The Stock Exchange of Hong Kong Limited (SEHK) issued a participant circular informing that WellCell Holdings Co., Limited (stock code 2940) will implement a 1-into-4 share subdivision effective 21 April 2026, converting existing shares of HK$0.005 each into subdivided shares of HK$0.00125 each. The Exchange will display an Adjusted Previous Closing Price on the OTP-C temporary stock page on 21 April 2026, calculated using the standard formula of Closing Price on the day immediately before Share Subdivision becoming effective multiplied by the Ratio (R) of 1/4.

Conclusions on Proposed Enhancements to Structured Products Listing Framework Chapter 15A

HKEX concludes structured products listing framework enhancements

Victory Giant Technology and Huaqin Co. Admitted to CCASS for Clearing

HKSCC has admitted two newly listed securities — Victory Giant Technology (HuiZhou) Co., Ltd. and Huaqin Co., Ltd. — into CCASS for clearing and settlement. Clearing for Victory Giant begins 20 April 2026 and for Huaqin on 22 April 2026, with exchange-trade settlement commencing the following day respectively. All trades will be automatically settled on a Continuous Net Settlement (CNS) basis unless isolated from the CNS System.

HKEX Launches Semiconductor and Tech Indexes for Five ETF Issuers

HKEX announced the launch of two technology-focused benchmarks: the HKEX KRX Semiconductor Index (a co-branded index with Korea Exchange providing cross-market exposure to Hong Kong and South Korean semiconductor companies) and the HKEX Tech & US Tech 100 Index (tracking HKEX Tech 100 constituents and the 100 largest Nasdaq-listed technology companies). HKEX entered licensing agreements with Bosera Asset Management, Da Cheng International, E Fund Management, GF International, and Huatai-PCG Asset Management to develop ETFs tracking these new indices, subject to regulatory approval.

Accelerated Settlement: T+1 Cycle for Hong Kong Cash Market

HKEX published a Consultation Paper on Accelerated Settlement proposing to shorten Hong Kong cash market settlement from T+2 to T+1. The indicative implementation target is Q4 2027, subject to market readiness and regulatory approval. The proposals cover adjustments to clearing procedures, extended service windows for settlement instruction input and matching, and modified clearing risk management timelines.

Forfeiture of Unclaimed Second Interim Dividend for 2019

HKEX announced the forfeiture of unclaimed second interim dividend for 2019 of HK$2.99 per share, amounting to HK$15,988,428.24. The dividend was payable on 15 April 2020 and became forfeited after remaining unclaimed for six years as of 15 April 2026, pursuant to HKEX's Articles of Association. The forfeited amount reverts to HKEX.

HKEX Censures Cloud Factory Technology Holdings and Four Directors for Prospectus Misstatements

HKEX censured Cloud Factory Technology Holdings Limited (Stock Code: 2512) and four of its directors for material misstatements in the company's prospectus and forecast memorandum during its listing process. The investigation found that the company failed to disclose bank loans and capital expenditure exceeding RMB160 million each, which were material transactions known to the directors. HKEX directed the company to appoint a compliance adviser and ordered all four directors to attend training.

Accelerated Settlement Consultation Paper for Hong Kong Cash Market

HKEX has published a consultation paper seeking market feedback on proposals to accelerate the settlement cycle for Hong Kong's cash equity market. The consultation invites responses from market participants on potential implementation timelines and operational considerations. Comments are requested by June 2026.