Christopher Hui: Review of HK stock lot size needs step-by-step approach

The government has been advocating the promotion of stock market liquidity in recent years. In a recent media interview today (July 8), the Secretary for Financial Services and the Treasury, Christopher Hui, said he is aware of the market's call for a review of Hong Kong's stock lot sizes, but believes that it needs to be done step by step.

Hui said that the adjustment of trading units will depend on various factors, not only the Hong Kong Exchanges and Clearing Limited (HKEX), but also the system requirements of the trading orders, and that there is a need to adjust the lot sizes of Hong Kong stocks. He also pointed out that from the perspective of listed companies, if people with a share can become a shareholders in the future, the investor relations maintenance and communication of listed companies will be very different.

Regarding the Hong Kong IPO market, Hui said the government is optimistic about the IPO situation in the second half of the year and hopes that there will be leading enterprises listed in Hong Kong in the second half of the year. Hui said that the government has been "making an effort" in the IPO market. In addition to reforming Hong Kong's listing regime, the government has also promoted the advantages of the local listing platform to attract enterprises to list in Hong Kong. 

He also disclosed that some of the enterprises he contacted during his visits expressed interest in listing in Hong Kong.