Hong Kong Exchanges and Clearing Limited (HKEx) announced today (Wednesday) senior executive appointments and a revised organisation structure. In line with its Strategic Plan 2007 - 2009, these organisational changes are being implemented to help HKEx to better serve its customers in the primary and secondary markets and further improve its operational efficiency.

Hong Kong Exchanges and Clearing Limited (HKEx) has introduced a chart showing the real-time index level and intra-day movement of the Hang Seng China Enterprises Index (HSCEI, or H-shares index) on the HKEx website's homepage. The turnover of Hang Seng Index Futures and H-shares Index Futures contracts up to the latest minute has also been added to the website's homepage, and there is a new service on the website that provides intra-day derivatives market data.

The Board of Hong Kong Exchanges and Clearing Limited (HKEx) today decided not to proceed with the Phase 2B reduction of minimum trading spreads, which applies to securities trading between $0.25 and $2. Phase 2A covered securities trading between $2 and $20.

Hong Kong Exchanges and Clearing Limited (HKEx) announced that Patrick Conroy, its Chief Operating Officer, had informed the board of directors of HKEx (Board) of his intention to return to the United States for career development purposes. Subsequently, Mr Conroy, under a mutual agreement with HKEx, decided to resign from his positions as Chief Operating Officer of HKEx and Chief Executive of The Stock Exchange of Hong Kong Limited (SEHK) effective 9 February 2007.

The Exchange hereby publicly censures the Company for a breach of Rule 13.09 of the Rules Governing The Listing of Securities on the Stock Exchange of Hong Kong Limited ("Listing Rules"). The Exchange hereby publicly censures each of Mr Lin, Mr Hsu and Mr Huang for his breach of Director's Undertaking by failing to use his best endeavours to ensure the Company complied with its disclosure obligations.

Hong Kong Exchanges and Clearing Limited (HKEx) opened its Public Viewing Room on the first floor of One and Two Exchange Square, Central to the public.

Hong Kong Exchanges and Clearing Limited (HKEx) has published on the HKEx website the 23rd edition of its quarterly publication, Exchange. This edition includes:

The Listing Committee of The Stock Exchange of Hong Kong Limited (the "Listing Committee") censures the following parties for breaching the Undertaking and Declaration with regard to Directors in the form set out in Appendix 5H to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Director's Undertaking"):

The following initiatives are subject to market support and regulatory approval so they may not be implemented. HKEx will announce further details of these initiatives as they progress.

Hong Kong Exchanges and Clearing Limited (HKEx) has enhanced its securities market trading system, AMS/3 (Third Generation of the Automatic Order Matching and Execution System) following the successful completion of weekend market rehearsals. The changes will improve Exchange Participants' efficiency and the order input capacity in AMS/3.