HK moves toward paperless share trading

Hong Kong’s Securities and Futures Commission (SFC) will roll out the uncertificated securities market regime in early 2026, following the passage of all required legislation. The launch date will depend on market readiness, the SFC said. The regulator is working with Hong Kong Exchanges and Clearing and the Federation of Share Registrars on a five-year implementation plan covering issuers from Hong Kong, mainland China, Bermuda, and the Cayman Islands. The initiative aims to improve market efficiency and enhance investor protection and trading convenience. The SFC has also launched a dedicated webpage with resources, including frequently asked questions, to guide listed companies and investors on their rights and obligations under the new system.