Hong Kong Stock Exchange: The second phase of lowering the minimum board lot size is tentatively scheduled to be implemented around the middle of 2026.

Hong Kong Exchanges and Clearing Limited (HKEX) announced that after completing a mid-term review of the first phase of lowering the minimum tick size of stocks on the Hong Kong stock market, there have been no adverse effects observed within the lowered range. HKEX plans to implement the second phase of lowering the minimum tick size around the middle of 2026, pending market readiness and regulatory approval. The second phase will cover the same securities as the first phase, with a price range of 0.5 to 10 Hong Kong dollars. The minimum tick size will be reduced by 50%, from 0.01 Hong Kong dollars to 0.005 Hong Kong dollars. To facilitate the smooth implementation of the second phase, HKEX will conduct end-to-end testing and market exercises in 2026, with further details to be announced in due course.