HKEX to Launch Digital Payment Solution for Derivatives After-Hours Trading Session in December

Nov. 13: Hong Kong Exchanges and Clearing (00388.HK) announced that it will launch a new digital payment solution on December 14 to facilitate clearing participants' payment of prepaid margin during the after-hours trading session of the derivatives market. The new service is launched under a collaboration program between HKEX and the Hong Kong Monetary Authority, exploring the use of e-HKD to pay prepaid margin for the after-hours trading session. With the new solution in place, eligible clearing participants of HKFE Clearing Corporation Limited may choose this digital payment method to submit prepaid margin requests from 5:00 pm to 1:30 am, so that the relevant funds can be applied to the corresponding after-hours trading session. The extended payment period will complement existing payment arrangements, allowing clearing participants to manage their use of capital-based position limits more flexibly outside normal banking hours.