Hong Kong is set to embark on a transformative journey by making local stock market operations fully electronic and paperless starting early next year. The initiative, announced by the Securities and Futures Commission (SFC), can be explored in detail here . According to IndexBox, this change is expected to significantly streamline trading activities, impacting more than 2,600 listed companies over the next five years. The SFC outlined that individual investors will have the choice to maintain their existing physical share certificates or convert them to digital records. The commission is gathering market feedback on fee caps for different electronic processes until April 23. This initiative promises to increase efficiency in market operations and aligns with global trends toward eco-friendly practices. The SFC is also looking to improve communication and corporate governance for listed companies and private investors as part of this digital reform. Source: IndexBox Market Intelligence Platform Recommended posts
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