Hong Kong Exchanges and Clearing Limited (00388.HK) will implement arrangements for the suspension of trading in adverse weather conditions from September 23. Acting Secretary for Financial Services and the Treasury Christopher Hui said that the industry has three months to prepare for the new arrangement. If a brokerage firm has difficulties settling trades, HKEX will fulfill its settlement obligations on behalf of eligible brokers. Detailed support measures will be announced in early July.

He also said that major global markets will not close due to bad weather, and as an international financial center, Hong Kong should keep up with international standards. According to the consultation results of the HKEX, opinions have been raised on some issues related to technology, including arrangements such as telecommuting or working from home. The HKEX will assist financial institutions in procuring telecommuting technology solutions and connecting with suppliers. If it is not possible to implement a fully remote work arrangement, institutions need to follow the labor department's work guidelines for bad weather and extreme situations and discuss with employees to prepare arrangements.