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HKEX COO: USM Enhances HK's Resilience, Competitiveness; Fee Structure Expected to be Adjusted
2025-12-24 09:38:53 Hong Kong will transition to an Uncertificated Securities Market (USM) in phases starting next year. Vanessa Lau, Chief Operating Officer of HKEX (00388.HK), said that the transition marks an important step in enhancing Hong Kong's markets to make them more accessible, resilient and competitive. USM is designed to modernize processes and provide investors with an efficient way to hold and manage securities electronically in their own names. Under USM, prescribed securities listed or to be listed on HKEX will transition away from paper-based processes, reducing the need for manual handling, enabling straight-through-processing and elevating Hong Kong’s financial market infrastructure, Lau opined. To support USM, HKEX will introduce new securities depository processes and a modernized fee structure, working closely with the Securities and Futures Commission (SFC), the Federation of Share Registrars Limited (FSR) and other stakeholders to ensure alignment with global standards and to enable investors and companies to interact faster and more efficiently. ~ AAStocks Financial News Web Site: www.aastocks.com | |