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Hong Kong Exchange Plans to Reintroduce Closing Auctions in 2016

Hong Kong Exchanges & Clearing Ltd. expects to reintroduce daily closing auctions for equity trading next year, allowing investors to improve their portfolio management.

The bourse is the only developed market exchange that doesn’t use the pricing mechanism to allow most orders to match before trading closes. The auction would reduce index tracking errors for investors and improve HKEx’s competitiveness.