HKEX to Move Forward with Streamlined Board Lot Framework

On 30 June 2026, HKEX released its final consultation conclusions on streamlined board lot rules. For stocks and REITs, it lowers the minimum board lot value from HK$2,000 to HK$1,000, introduces a HK$50,000 maximum value cap for lots above 100 shares, and standardises all board lots into eight fixed sizes: 1, 50, 100, 500, 1,000, 2,000, 5,000 and 10,000 shares. The new rules take effect in two phases. Starting 2 July 2026, the new value floor and ceiling apply to all eligible securities, while new IPOs and existing companies conducting lot changes, share splits or consolidations must adopt the standard lot sizes. Following the launch of the Uncertificated Securities Market (USM) on 16 November 2026, all issuers must switch to standard board lots within six months, and parallel trading for lot adjustments will no longer be required. The market widely supports the reform for better trading efficiency and easier retail market access. HKEX also plans to launch an automatic odd lot matching system as early as Q3 2027. The overhaul lays the groundwork for a unified board lot structure in the long term. ETFs, structured products, bonds and SPACs are excluded from the new rules, and certain overseas issuers may defer compliance with the value cap requirement. Source:https://www.hkex.com.hk/News/Market-Communications/2026/260630news?sc_lang=en Guide: https://www.hkex.com.hk/-/media/HKEX-Market/Listing/Rules-and-Guidance/Other-Resources/Listed-Issuers/Practices-and-Procedures-for-Handling-Listing-related-Matters/d_ta.pdf