Hong Kong stocks' bid-ask spreads narrows 38 percent over past two years, watchdog says

Hong Kong’s stock market saw the bid-ask spreads narrow by 38 percent over the past two years, thanks to liquidity measures introduced earlier, the city’s securities watchdog said. 

Order execution time has improved by 26 percent following measures that reduced trading costs and broadened the depth and breadth of the markets, said Julia Leung Fung-yee, chief executive of the Securities and Futures Commission. 

These and other efforts supported a 90 percent year-on-year increase in the average daily turnover in the stock market in 2025, Leung said in a speech at an event. 

She said the regulator’s response to today’s shifting global landscape is to double down on market resilience, which means broadening the markets, embracing technology responsibly, and strengthening cross-border partnerships that enable efficient capital flows even in stressed conditions.