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HKSE Listing Decisions published on the web page

Date 04/05/1999

The Stock Exchange of Hong Kong today (Monday) posted a new series of Listing Decisions on its website in order to increase market transparency. The new series of Listing Decisions comprises decisions taken in cases handled by the Listing Committee and the Listing Division in their everyday work without identifying the parties involved. Both the decisions and the interpretation and rationale behind them are disclosed. "The Exchange would like to see that its listing-related decisions are made known to the market and to provide a degree of transparency in the decision-making process of the Listing Committee and Listing Division," Lawrence Fok, Senior Executive Director, Regulatory Affairs Group, said. "It is hoped that the series will assist listed issuers and their advisers in their understanding and application of the Listing Rules." The Listing Decisions are available on the Exchange's website at http://www.sehk.com.hk in the News & Library section. The Exchange plans to add new cases to the Listing Decisions on a monthly basis.