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HKEX Reportedly Mulls to Lower Min. Trading Unit of Each Stock
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HKEX (00388.HK) held meetings with the brokerage industry in recent weeks to discuss lowering the minimum trading unit (board lot size) for stocks, Bloomberg, citing sources, reported. Currently, board lot sizes in Hong Kong range from 100 to several thousand shares per lot. For instance, BYD COMPANY (01211.HK) has a lot size of 500 shares, requiring an entry fee of HKD181,100, while HSBC HOLDINGS (00005.HK) and BABA-W (09988.HK) have lot sizes of 400 and 100 shares, respectively, and AIA (01299.HK) stands at 200 shares. Earlier, Financial Secretary Paul Chan had mentioned in the latest Budget that HKEX and the Securities and Futures Commission (SFC) would propose enhancements to the lot size system within the year. HKEX also reportedly discussed aligning the pricing of odd lots with that of standard lots to improve liquidity, a move that could avoid significant adjustments to derivatives and settlement systems. At present, HKEX has not prioritized a specific approach, and the policy remains under development without a clear timeline or scope. In a statement, HKEX noted that its review of the lot size is still in the preliminary stage. The exchange will evaluate the merits of various options and consult market participants before implementing any changes. AAStocks Financial News |
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