Fast Interface for New Issuance (FINI): Commencement of Market Practice Session

The Market Practice Session (MPS) has commenced on July 10, 2023, and will test six hypothetical new listings using the new T+2 settlement timetable in the FINI External User Testing environment. The MPS provides an opportunity for FINI Users to practice IPO execution and settlement processes. No separate registration is necessary, and HKEX encourages all FINI Banks and HKSCC Participants to participate. A consolidated list of questions and answers from recent webinars has been published on the FINI Webpage. HKEX urges all FINI Users to set up user accounts and teams within the HKEX Access Management Portal to prepare for the upcoming market rehearsal and platform launch. HKEX appreciates the support of all market participants in reforming the IPO settlement process.

Resource:

https://www.hkex.com.hk/-/media/HKEX-Market/Services/Circulars-and-Notices/Participant-and-Members-Circulars/HKSCC/2023/ce_HKSCC_SKA_194_2023.pdf

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