FINI (Fast Interface for New Issuance) is a new platform being developed by HKEX that enables professional IPO market participants and regulatory authorities to interact seamlessly and digitally on the many important steps that comprise the end-to-end settlement process for new listings in Hong Kong.
By modernising both the logic and the infrastructure of the Hong Kong IPO settlement process, HKEX expects that the introduction of FINI will shorten the time gap between IPO pricing and trading. This will give investors quicker access to new listings, reduce market risk and improve efficiency for all parties involved. This reform will benefit all of Hong Kong by making our IPO market more efficient, robust and equipped for a digital future, whilst maintaining and extending Hong Kong’s global leadership as a competitive listing venue.
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REGISTRATION [DEADLINE: 17 FEBRUARY 2023]
The formal on-boarding process has begun. Market participants are advised to read the following documents carefully, then submit the Online FINI Registration Form (if applicable) to HKSCC:
TESTING [EXTENDED DEADLINE: 16 JUNE 2023]
Market participants whose on-boarding registration has been approved by HKSCC may submit an Online FINI Testing Registration Form for requesting access to the FINI testing environment, which requires a dedicated Virtual Private Network (VPN) setup:
PRODUCTION USE [LAUNCH DATE TO BE ANNOUNCED]
Market participants may also use the following links to access different sections of the FINI User Guide:
HKEX warmly welcomes market participants to reach out for any enquiries or discussions by contacting projectfini@hkex.com.hk or +852 2211 5888.