Apr 12, 2024 05:13 AM
FINANCE
HKEX Proposal to Let Investors Use Multiple Clearing Banks for Cash Trades
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Hong Kong is pushing to revive its struggling stock market, which has been on the slide for four years in a row
(Bloomberg) — Investors may soon be allowed to enlist more than one clearing bank for their cash equities and options trades on the Hong Kong Exchanges & Clearing Ltd. (HKEX).
The Securities and Futures Commission has “recently received a proposal from HKEX on accepting multiple general clearing participants for the cash and stock options markets and are currently reviewing it,” a spokesperson for the regulator said.
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