SFC Chairman Wong Tin Yau announced that the Securities and Futures Commission (SFC) is collaborating with the Hong Kong Exchanges and Clearing Limited to implement a two-phase reduction in the minimum price fluctuation range for eligible securities by 50% to 60%, starting from mid-2025. This initiative aims to slash transaction costs and bolster market liquidity. Concurrently, the SFC is exploring adjustments to the share lot size per transaction, with the goal of enhancing the ease of trading high-priced stocks and odd lots, while also refining the IPO price discovery mechanism. Looking ahead, the securities regulators of both regions are contemplating a holistic optimization of the Shanghai-Shenzhen-Hong Kong Stock Connect program. This comprehensive strategy includes plans to incorporate a broader array of products, such as Renminbi trading counters for Hong Kong stocks, Real Estate Investment Trusts (REITs), Exchange Traded Funds (ETFs), and more.