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Hong Kong Exchanges and Clearing Limited - Year-end Review 21 December 2000

Hong Kong Exchanges and Clearing Limited - Year-end Review 21 December 2000. 2000 Milestones Market Highlights. (As of 15 December) Most funds raised HK$459bil Main Board: HK$444bil GEM: HK$15bil Most funds raised by IPOs HK$132bil Main Board: HK$117bil GEM: HK$15bil

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Hong Kong Exchanges and Clearing Limited - Year-end Review 21 December 2000

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  1. Hong Kong Exchanges and Clearing Limited - Year-end Review 21 December 2000

  2. 2000 MilestonesMarket Highlights (As of 15 December) Most funds raisedHK$459bil Main Board: HK$444bil GEM: HK$15bil Most funds raised by IPOs HK$132bil Main Board: HK$117bil GEM: HK$15bil Most funds raised in the secondary market HK$327bil Most funds raised by H-shares and red-chipsHK$343bil markets Most IPOs84 (Main Board:39; GEM:45) Expected at year-end: 90 (Main Board: 43; GEM: 47) Most funds raised by a single IPO HK$44bil by China Unicom Ltd Second highest stock market turnover HK$3,079bil (Highest = HK$3,789bil in 1997) Record high for HSI18,302 (28 March)

  3. - Merger of securities and futures exchanges and clearing houses - Regulatory rationalisation: handover of certain regulatory functions to SFC - MOU on listing matters between SFC and SEHK - Recognition of GEM by the US SEC as a designated offshore securities market - MOU with ASX on exchange of market surveillance information - Licensing agreement for the development of MSCI China Free Index futures and options contracts - Contribution to the community August December March May June September October - Launch of Pilot Programme for trading Nasdaq shares - Consultation paper on amendments to the GEM Listing Rules issued - Listing of HKEx - Announcement of Global Equity Market alliance - Migration of HSI Futures and Options to electronic trading - CFTC approval for HKATS in US - Reduction of transaction levy - Launch of Internet Initial Public Offering service - First interim results report - Launch of Mini-HSI Futures contract - Rollout of AMS/3 2000 Milestones - MOU with ASX on exchange of market surveillance information - Licensing agreement for the development of MSCI China Free Index futures and options contracts - Contribution to the community Recognition of GEM by the US SEC as a designated offshore securities market - Launch of Internet Initial Public Offering service - First interim results report - Listing of HKEx - Announcement of Global Equity Market alliance - Migration of HSI Futures and Options to electronic trading - CFTC approval for HKATS in US - Reduction of transaction levy - Launch of Pilot Programme for trading Nasdaq shares - Consultation paper on amendments to the GEM Listing Rules issued - Launch of Mini-HSI Futures contract - Rollout of AMS/3 - Merger of securities and futures exchanges and clearing houses - Regulatory rationalisation: handover of certain regulatory functions to SFC - MOU on listing matters between SFC and SEHK

  4. Way ForwardMarket Regulation • Rationalisation of Main Board and GEM Listing Rules, and listing approval procedures • MOU with SFC on regulatory rationalisation • Enhanced market surveillance

  5. Way ForwardMarket Infrastructure • Complete rollout of AMS/3 functionalities • Upgrade CCASS • Integrate derivatives trading and clearing platforms

  6. Way ForwardProduct and Services Development • Introduce international benchmark financial products • Introduce Exchange Traded Funds • Provide central back-office support services • Expand registrar, nominee and related services • Enhance investor information services

  7. Way ForwardChina Strategy • Strengthen cooperation with Mainland exchanges • Open a liaison office in Beijing in Q1 • Strengthen business network and carry out promotional and educational activities in China

  8. Thank you

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