According to CoinMeta, the Hong Kong Securities and Futures Commission (SFC) welcomes the Hong Kong Stock Exchange's plan to implement a T+1 settlement cycle in the Hong Kong stock market. Leung Chung-hin, Executive Director of the SFC's Market Surveillance Department, stated that transitioning to a T+1 settlement cycle is an important step in maintaining Hong Kong's competitiveness as an international financial center and ensuring alignment with global market developments. He called on industry participants to begin preparations as soon as possible, assess the impact of the change on systems, processes, and operational arrangements, and to work closely with trading counterparts and service providers to ensure a smooth and orderly transition.