HKEX To Introduce FINI, Modernising Hong Kongâs IPO Settlement Process Date
Overwhelming support for FINI proposals to modernise and streamline Hong Kong’s IPO settlement process
T+2 IPO settlement cycle to be adopted, expected to launch in the fourth quarter of 2022, at the earliest
Updated FINI operating model reflects wishes from all key groups of IPO market participants
Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Tuesday) that it will proceed to introduce a new platform, FINI (Fast Interface for New Issuance), to comprehensively streamline and digitalise Hong Kong’s IPO settlement process. The published conclusions to the November 2020 FINI Concept Paper show overwhelming support for this next phase in the modernisation of Hong Kong’s IPO market.