Report on Initial Public Offering Applications, Delisting Proceedings and Suspensions
(As at 31 March 2004)

	Main Board	GEM	Total
New Applications Accepted   a.       March 2004	15	7	22
b.       2004 Year-to-date	23	11	34
Approvals in principle granted by the Listing Committee a.       March 2004	5	3	8
b.       2004 Year-to-date	13	7	20
Active applications (as at 31 March 2004) 1.   Under processing (based on listing application form accepted):
a.     New applications accepted since 1 January 2004	19	10	29
b.     Others	5 __________	13 __________	18 ________
c.      Sub-total	24	23	47
2.   Approval in principle granted by the Listing Committee but not yet listed
a.     Approvals granted since 1 January 2004	7	4	11
b.     Others	0	0	0
Total	31	27	58

	Main Board	GEM	Total
Inactive applications (since 1 January 2004) 1.    Lapsed*
a. Approval in principle granted by the Listing Committee but not yet  listed	1	3	4
b.    Others	9	9	18
2.    Rejected	0	2	2
3.    Withdrawn	0 __________	5 __________	5 ________
Sub-total	10	19	29
4.    Renewals**	3	5	8
Total	7	14	21
No. of newly listed companies (since 1 January 2004)	8***	8	16

*     Includes any application (or renewal) not approved, rejected or withdrawn within six months.

**   Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.

***   Includes one company that withdrew its listing on GEM and subsequently listed on the Main Board.       

Other Information
(As at 31 March 2004)

*      Includes a company that withdrew its listing pursuant to a privatisation proposal.

#     Being a company that withdrew its listing on GEM and subsequently listed on the Main Board.

This report is updated on the last trading day of each month.