Hong Kong will shorten lunch break for the financial sector to keep the Hong Kong Stock Exchange competitive as compared to the world’s other stock exchanges. The two-hour break (the longest of the world’s 20 largest bourses) was cut to 90 minutes last year and will be reduced to an hour from 1 March.
Brokers use the break to communicate with clients and attend IPO presentations, and say that one hour is not enough. A petition letter has been sent to Hong Kong Exchanges & Clearing Ltd. chief executive Charles Li and chairman Ronald Arculli.
Singapore’s trading hours are the longest among major bourses in Asia, operating for eight hours from 9am to 5pm with no lunch break. Major stock exchanges in Europe and the US have no lunch breaks as well.
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