港交所將推FINI 最快明年第四季實施「T+2」首次公開招股結算週期
港交所(00388.HK)宣布,將會落實推出全新平台FINI(Fast Interface for New Issuance),以全面簡化及數碼化香港的首次公開招股程序。為確保市場在過渡至FINI前有足夠的準備時間,預期FINI最早於2022年第四季才會啟用。
港交所就2020年11月的FINI框架諮詢文件刊發諮詢總結,共收到49份來自香港首次公開招股市場參與者對FINI框架諮詢文件的回應意見,90%均支持引入FINI。絕大部分回應人士同意FINI可減低市場風險、提升效率、使參與者的互動更現代化,並為香港集資市場進一步數碼化奠定基礎,讓香港首次公開招股市場整體受惠。
港交所集團行政總裁歐冠昇表示,FINI未來可縮短新股定價與開始交易之間的週期,除了提升市場效率,更可鞏固香港作為全球集資市場的地位。
香港上市的新股現行「T+5」結算週期,而FINI框架諮詢文件建議將有關週期縮短至「T+1」。經諮詢市場並考慮市場意見及營運上的需要後,港交所將落實推展FINI作為日後所有新股的統一處理平台,但會先行採用「T+2」結算週期。
推出FINI後,結算參與者可選擇採用壓縮預先付款模式,以改善熱門新股在認購期內凍結大量預付資金的情況。另外,經紀、股份過戶登記處、公開招股保薦人、律師、包銷商、分銷商及監管機構均可利用透過FINI這全新的數碼平台履行各自的職責,於上市啟動、認購、定價、配發、付款、監管批准及納入股份等各個流程當中相互協調。
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