The New York Stock Exchange recently announced that it will switch to a T+1 settlement model starting from May 28, which has been approved by the U.S. Securities and Exchange Commission (SEC). Currently, U.S. stocks follow a T+0 trading system but implement a T+2 settlement and delivery system. Investors can sell a stock they purchased on the same day, but the transaction settlement is not completed immediately. For investors, if they sell stocks on Monday, they can only withdraw the funds on Wednesday. The NYSE stated that this change is to adapt to the growing demand for electronic trading, and it is expected to further enhance market transparency and fairness. In addition, the T+1 settlement model will also help improve the efficiency of cross-border transactions. The U.S. Securities and Exchange Commission (SEC) has approved this change and stated that it will closely monitor the impact after the implementation of the T+1 settlement model. SEC emphasized that all market participants should ensure that their business processes and systems can adapt to the new settlement model. In addition, the NYSE also stated that it will continue to cooperate with regulatory authorities, market participants and other stakeholders to ensure the smooth implementation of the T+1 settlement model. With the arrival of May 28, investors and traders need to make preparations to adapt to this upcoming stock market change. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting and Management Co., Ltd. is a domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same ultimate controlling party. Both companies share the same ultimate controlling party and are under unified Chinese management, and both comply with the laws of Hong Kong and mainland China.