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HKEX to Standardize Board Lot Units Under New Framework

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Hong Kong Exchanges and Clearing or HKEX (HKG:0388) will streamline the board lot framework for the securities market by standardizing board lot units and lowering the minimum board lot value, according to a Tuesday press release.

The exchange will reduce the board lot value floor from HK$2,000 to HK$1,000, introduce a HK$50,000 ceiling for securities with board lots larger than 100 shares, and standardize board lot units to eight options ranging from one to 10,000 shares.

The changes will be rolled out in two phases.

The first phase, taking effect on July 2, will cover new IPO applicants and existing issuers, while the second, beginning on Nov. 16, will follow the launch of the Uncertificated Securities Market.

HKEX said it also plans to enhance odd-lot trading, including exploring an automatic matching mechanism that could be introduced as early as the third quarter of 2027, subject to regulatory approval.

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