SFC CEO Ashley Alder said at an ASIFMA conference regulators are studying
market-microstructure reforms including extended trading hours, to be piloted
first in the derivatives market. HKEX will publish a consultation in Q4 on
extending cash-market trading hours; longer-term measures under consideration
include tokenized currency and digital-HKD settlement arrangements to give
investors more flexibility to adjust positions and manage risk across time
zones.