香港交易及结算所有限公司表示，它已将缩短股票交易结算时间的计划推迟至2028年下半年，以便应对行业普遍要求更多准备时间的呼声。
Hong Kong Exchanges and Clearing said it had delayed a plan to shorten the settlement time for share transactions to the second half of 2028, so it could address widespread industry requests for more preparation time.
此前《南华早报》于周三报道了此事，香港交易所周五在一份声明中确认，它将不再推进其在4月份咨询文件中提出的时间表，即计划在2027年第四季度实施所谓的T+1结算制度，以取代目前的T+2周期。T+1结算制度意味着交易在成交后一天完成结算。
Confirming a report by the South China Morning Post on Wednesday, the exchange said in a statement on Friday that it would not proceed with the timeline it proposed in a consultation paper in April, aiming to implement a so-called T+1 system in the fourth quarter of 2027, replacing the existing T+2 cycle. A T+1 system means that trades are settled one day after the transaction.
交易所表示，此次延迟是因为受访者“指出了若干实施考量”，并补充称其共收到来自经纪人、投资经理及其他方的109份回复。
The delay came after respondents “highlighted several implementation considerations”, the exchange said, adding it had received 109 responses from brokers, investment managers and others.
交易所在声明中表示：“考虑到利益相关者的反馈，香港交易所现在将T+1的实施时间定为2028年[9月]，前提是市场准备就绪并获得监管批准。”
“Taking into account stakeholder feedback, HKEX now targets T+1 implementation in [September] 2028, subject to market readiness and regulatory approval,” the exchange said in a statement.
尽管有此延迟，交易所表示市场反馈显示出对缩短结算时间的强烈支持。
Despite the delay, the exchange said the market response had shown strong support for shortening the settlement time.
交易所称，咨询反馈指出了向T+1过渡的若干重点关注领域，例如管理因结算周期压缩而带来的增加的运营需求。
Consultation feedback identified several key focus areas for the transition to T+1, such as managing the increased operational demands from a compressed settlement cycle, the exchange said.
交易所还表示，市场反馈也表明，香港交易所需要确保在更短的结算周期下，证券的可用性及结算准备能够及时到位。
The market response also indicated that HKEX would need to ensure securities availability and settlement preparation in a timely manner for a shorter settlement cycle, the exchange said.
香港交易所行政总裁陈颖婷（Bonnie Chan Yiting）周五表示：“我们很高兴能够推进这一重要的市场基础设施提升，参与者的广泛支持反映出大家对将香港证券市场推进至T+1所具有战略重要性的共识。”
“We at HKEX are pleased to be moving ahead with this significant market infrastructure enhancement, with the broad support from participants reflecting a shared recognition of the strategic importance to move Hong Kong’s securities market to T+1,” said HKEX CEO Bonnie Chan Yiting on Friday.
“通过降低结算风险、提升资本使用效率并增强市场韧性，T+1机制将进一步提升香港市场的吸引力与互联互通水平，同时确保本地基础设施能够顺应全球主要市场的持续演变。”陈茂波此前表示。据悉，美国和加拿大已于2024年5月起实施T+1制度，英国及欧洲各国也正在探讨这一方案。而中国内地长期以来一直实行T+1结算周期。
“By reducing settlement risk, improving capital efficiency and strengthening market resilience, T+1 will reinforce the attractiveness and connectivity of Hong Kong’s markets, whilst keeping our infrastructure aligned with the continued evolution of major international markets.”The US and Canada shifted to T+1 in May 2024, while the UK and Europe were exploring the same option, Chan said earlier. Mainland China has long operated under a T+1 cycle.
该交易所周五宣布，为顺利推行T+1制度，将采取三层筹备措施：一是完善市场基础设施；二是开发适配新结算周期的工作流程工具；三是与业界各方共同组建工作组，开展各项必要准备工作。
The exchange said on Friday it would adopt three layers of preparation for the introduction of T+1 – refine its market infrastructure, develop workflow tools for the new settlement time, and set up working groups with industry players to undertake the necessary preparations.