Uncertificated Securities Market
USM provides investors with an efficient way to hold and manage shares electronically
in their own n
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16/10/2026
Uncertificated Securities Market
The Uncertificated Securities Market (USM) initiative provides investors with an efficient way to hold and manage shares electronically in their own names. By replacing physical paper certificates with electronic records, it aims to enhance investor choice, promote market efficiency, and build a greener market, marking a major milestone in the development of Hong Kong’s securities market.
