According to the information received, Hong Kong police are considering extending the time of the stock exchange and cancelling the lunch break
ON 20 JULY, INFORMED SOURCES REVEALED THAT THE HONG KONG EXCHANGE WAS CONSIDERING EXTENDING THE PERIOD OF STOCK EXCHANGE TO CONNECT WITH MOST GLOBAL MARKETS. IN RECENT WEEKS, THE HONG KONG EXCHANGE HAS COMMUNICATED ITS PLANS TO A NUMBER OF LARGE ISSUERS AND DEALERS. ACCORDING TO THE SOURCE, ONE OF THE OPTIONS PROPOSED THAT THE STOCK EXCHANGE BE OPENED 30 MINUTES AHEAD OF 9 A.M. AND THAT THE LUNCH BREAK, WHICH WOULD LAST ONE HOUR FROM 12 NOON, BE CANCELLED. ACCORDING TO THE SOURCE, THE HONG KONG POLICE OFFICE IS ALSO WORKING TO CREATE ADDITIONAL HOURS OF NIGHT-TIME TRADING TO CONNECT THE UNITED STATES MARKET WITH THE EARLY-ROLLING, WHICH MAY BE SCHEDULED FROM 8 P.M. TO 12 NOON. HOWEVER, THERE ARE PLANS TO MAINTAIN THE CLOSING AT 4 P.M. TO COMPLETE THE LIQUIDATION AND SETTLEMENT WORK. IF THE HOURS OF LATE-NIGHT TRADING WERE INTRODUCED, THE INITIAL PERIOD WOULD COVER ONLY A SMALL NUMBER OF ACTIVE BULK HOLDINGS. ACCORDING TO OTHER SOURCES, HKC WISHES TO USE THIS TO INCREASE THE VOLUME OF TRANSACTIONS OF HONG KONG-LISTED COMPANIES THAT ALSO ISSUE UNITED STATES DEPOSITORY CERTIFICATES (ADRS) IN THE UNITED STATES. KIM XIAN
