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

	Main Board	GEM	Total
New Applications Accepted   a.       December 2004	3	1	4
b.       2004 Year-to-date	96	34	130
Approvals in principle granted by the Listing Committee a.       December 2004	4	0	4
b.       2004 Year-to-date	59	23	82
Active applications (as at 31 December 2004) 1.   Under processing (based on listing application form       accepted):
a.     New applications accepted since 1 January 2004	33	11	44
b.     Others	0 __________	0 __________	0 ________
c.      Sub-total	33	11	44
2.   Approval in principle granted by the Listing Committee       but not yet listed
a.     Approvals granted since 1 January 2004	6	1	7
b.     Others	0	0	0
Total	39	12	51

	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	15	13	28
b.    Others	22	33	55
2.    Rejected	6	9	15
3.    Withdrawn	3 __________	9 __________	12 ________
Sub-total	46	64	110
4.    Renewals**	19	25	44
Total	27	39	66
No. of newly listed companies (since 1 January 2004)	49***	21	70

*	Includes any application (or renewal) not approved, rejected or withdrawn within six months.
**	Includes all applications accepted within three months following a lapsed, rejected or withdrawn application by the same applicant.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 two companies that withdrew their listing on GEM and subsequently listed on the Main Board.

Other Information
(As at 31 December 2004)

		Main Board	GEM	Total
(a)	Number of delisted companies (since 1 January 2004)	9*	2#	11
(b)	Number of companies at the third stage of delisting (as at 31 December 2004)	11	N/A	11
(c)	Number of companies in suspension for more than 10 business days (as at 31 December 2004)	40	21	61
(d)	Number of listed companies (as at 31 December 2004)	892	204	1,096

*	Includes three companies that withdrew their listing pursuant to privatisation proposals.
#	Both being companies that withdrew their listing on GEM and subsequen tly listed on the Main Board.

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