Hong Kong Exchanges and Clearing (HKG:0388) is looking into options to bring down the threshold for investors to purchase the most expensive stocks to spur trading, Bloomberg News reported Thursday, citing people familiar with the matter.
Officials at the bourse are looking to streamline the minimum trading unit, or board lot, of each stock, the report said.
The board lot is set by each company, and could range from 100 shares per trade to thousands, the publication said.
Partial board lots are also available to Hong Kong investors but are more expensive than whole lots due to infrastructure issues, the report said.
Officials are also raising the possibility of pricing single shares the same as board lots, according to the report.
Shares rose 4% during Friday's afternoon trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
