HK Exchanges and Clearing to extend trading hours

Extending trading hours into lunch break and evening, as proposed by HK Exchanges and Clearing (0388), may be beneficial to larger brokerages which have or are developing Internet trading platforms and accelerate consolidation of HK's overcrowded brokerage industry. Given that most if not all brokers' Internet trading platforms are likely unprofitable because local traders still prefer telephoning orders, benefits from longer hours only likely in long-term

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