Computershare said its paperless securities system is in the final stages of testing and will be launched once Hong Kong’s securities regulator begins implementing the paperless market measures next year.
Investors will be able to use a mobile app for electronic share transfers, updating personal details and checking holdings during the transition, said Richard Houng, managing director for Computershare Asia.
He said the transition to a paperless securities market will improve efficiency and that the firm is prepared to play a key role in the rollout.
He said investors can also visit the company’s service counter for assistance, including handling more complex matters such as estate transfers.
Meanwhile, Computershare’s investor service counter in Wan Chai has been upgraded to enhance the shareholder service experience.
Computershare serves about 1,100 listed firms and 1.6 million investor accounts. The company has worked on roughly 60 percent of Hong Kong’s initial public offerings this year and expects strong deal flow to support business, Houng said.
On the Tai Po fire incident, he said more than 1,000 affected shareholders registered at the housing estate will be exempted from stock reissuance fees, with procedures expedited and simplified.
