Recently, discussions about whether Hong Kong should follow up on the 24-hour deal have resurfaced. In response, Yu Xueqin, head of marketing at the Hong Kong Stock Exchange, told reporters: “24-hour trading is not a simple statement; it requires thorough research. First, we need to figure out why we do 24-hour transactions, and we need to figure out who our target customers are. 24-hour trading in overseas markets may be aimed at investors in the Asia-Pacific region, or because some alternative platforms are currently doing 24-hour trading, which may reduce their competitiveness if they do not follow up. Also, their progress may not be fast, as details of some of the deals have not been disclosed to the public.” “Second, with regard to changes in trading hours, such as the arrangement for normal trading in bad weather, which will be implemented in 2024, it is not a simple matter. We need to make a lot of effort with all the different brokerage firms to study how to execute it before it is finally successful.” Yu Xueqin said. At the same time, Yu Xueqin believes that it is uncertain whether 24-hour trading will necessarily increase the liquidity of the market. However, according to Yu Xueqin, although 24-hour trading still requires careful thought and research, it is possible to consider extending a certain amount of trading time. “Currently, our derivatives trading hours can be extended until 3 a.m., Tuesday to Saturday. We may consider extending it for some time in the future, but in the spot market, we still need to further research with brokerage firms, why it should be extended, and if so, for how long.” Yu Xueqin said bluntly that any reform must forge consensus. “All parties in the market agree to do this before we can move forward.”

Recently, discussions about whether Hong Kong should follow up on the 24-hour deal have resurfaced. In response, Yu Xueqin, head of marketing at the Hong Kong Stock Exchange, told reporters: “24-hour trading is not a simple statement; it requires thorough research. First, we need to figure out why we do 24-hour transactions, and we need to figure out who our target customers are. 24-hour trading in overseas markets may be aimed at investors in the Asia-Pacific region, or because some alternative platforms are currently doing 24-hour trading, which may reduce their competitiveness if they do not follow up. Also, their progress may not be fast, as details of some of the deals have not been disclosed to the public.” “Second, with regard to changes in trading hours, such as the arrangement for normal trading in bad weather, which will be implemented in 2024, it is not a simple matter. We need to make a lot of effort with all the different brokerage firms to study how to execute it before it is finally successful.” Yu Xueqin said. At the same time, Yu Xueqin believes that it is uncertain whether 24-hour trading will necessarily increase the liquidity of the market. However, according to Yu Xueqin, although 24-hour trading still requires careful thought and research, it is possible to consider extending a certain amount of trading time. “Currently, our derivatives trading hours can be extended until 3 a.m., Tuesday to Saturday. We may consider extending it for some time in the future, but in the spot market, we still need to further research with brokerage firms, why it should be extended, and if so, for how long.” Yu Xueqin said bluntly that any reform must forge consensus. “All parties in the market agree to do this before we can move forward.”