The Briefing.

Circular to intermediaries Updates on HKEX market rehearsals for its backbone network upgrade for securities market systems

Action requiredTechnology

What the SFC said

HKEX will run two mandatory market rehearsals in Q2 2026 for its securities-systems backbone network upgrade, with further rehearsals to follow. Relevant Regulated Intermediaries using the SFTP channel for BCAN-CID and reporting submissions are invited to participate; the rehearsals are mandatory for Exchange Participants and China Connect EPs.

Read the official circular on sfc.hk ↗

This page is our summary and commentary, not the circular itself — always read the original before acting.

Same month in the Record

Get circulars like this explained every Monday.

The 5-minute briefing for Hong Kong’s small licensed firms — free, 7:30am HKT.