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Hong Kong Stock Exchange shareholders pass new articles of association to pave the way for the implementation of a paperless securities system

Zhitongcaijing·11/06/2026 12:09:38
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The Zhitong Finance App learned that the Hong Kong Stock Exchange announced that the company's shareholders have passed a special resolution to adopt the new rules of association to make supporting arrangements for the Hong Kong Stock Exchange to participate in the paperless securities market (USM) to ensure that the statute complies with the relevant USM rules and regulations.

The Hong Kong Securities Regulatory Commission (SFC) announced that the Hong Kong USM system will be officially launched on November 16, 2026. After the implementation of the system, securities listed on the Stock Exchange will no longer require paper documents when transferring legal ownership.

The Hong Kong Stock Exchange said that USM is an important milestone in the development of Hong Kong's financial market infrastructure. The mechanism can streamline business processes and raise the level of automation. It will further enhance the transparency of shareholder information, strengthen investor communication and interaction, and help improve corporate governance.