[HKEX: Targeting Transition to T+1 Settlement in the Second Half of 2028] BlockBeats News, October 16 – The Hong Kong Exchanges and Clearing Limited (HKEX) has published a consultation conclusion document regarding the shortening of the settlement cycle for Hong Kong's stock spot market. The document indicates broad market support for the implementation of a T+1 settlement cycle in the Hong Kong securities market. After consolidating stakeholder feedback, HKEX plans to complete the transition in the second half of 2028, provided the market is ready and regulatory approval is obtained. A total of 109 unique responses were received during the consultation, representing brokers, custodians, investment managers, industry associations, technology providers, investors, and other market participants. Respondents expressed support for Hong Kong's adoption of the T+1 settlement cycle, agreeing that this move would enhance market efficiency, reduce settlement risk, improve capital efficiency, and strengthen Hong Kong's competitiveness as an international financial center.