Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

HKEx Continues To Monitor Its Derivative Warrant Market

Date 08/09/2005

Hong Kong Exchanges and Clearing Limited (HKEx) has noticed increased interest in its derivative warrant market in the last six months.

HKEx closely monitors its derivative warrant market along with all its other markets. The Listing Division monitors warrant issuance while the Exchange Division monitors trading in the warrant market. Misconduct such as market manipulation is prohibited by the Securities and Futures Ordinance. HKEx has referred information on instances of irregularity in respect of derivative warrant trading to the Securities and Futures Commission and will continue to do so.

HKEx is committed to investor education and will continue to allocate resources to help further increase investors' understanding of the products traded on its markets.

Regarding the rules of HKEx's exchanges, they are reviewed from time to time and HKEx addresses any deficiencies it may find.