Wilfred Yiu stresses importance of safety as severe weather trading arrangements come into effect

The Hong Kong Stock Exchange (HKEX) will implement the severe weather trading arrangements starting today (Sept. 23), which means the securities market will continue to operate during severe weather, allowing investors to trade even during No. 8 signals or above, or during black rainstorm warnings.

In an interview, Deputy Chief Executive Officer, Co-Chief Operating Officer & Co-Head of Markets of HKEX, Wilfred Yiu, stated that the safety of employees is the top priority. "The Hong Kong Observatory (HKO) provides accurate storm information for market reference, and it is believed that employees can commute to and from work in relatively safe conditions."

Yiu also pointed out that since the concept of "keep trading during storms" began to take shape, HKEX has made comprehensive arrangements with the securities industry regarding employee safety, commuting issues, and other situations.

“At the end of August, HKEX completed drills with market participants, ensuring that business processes, systems, and personnel arrangements are ready," he noted, "Participants representing over 99.9% of the securities market share, as well as all derivative product market participants, have confirmed to the exchange their ability to operate during storms."

Yao mentioned that there are still 15 exchange participants and clearing house participants that require support measures from the Exchange, and it is believed these institutions will be fully prepared by the end of the year.

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