The Hong Kong Futures Exchange (HKFE) will adjust its China Mobile (Hong Kong) Limited Futures Contract in response to China Mobile's recent announcement that its board lot size will change from 2,000 to 500 shares with effect from 7 August 2000.

The adjustments, which will take effect 7 August 2000, are as follows:

• The multiplier for the China Mobile (Hong Kong) Limited Futures Contract will be changed from 10,000 to 2,500;
• Each outstanding China Mobile (Hong Kong) Limited Futures Contract registered by the HKFE Clearing Corporation as at the close of business on 4 August 2000 will be split into four open contracts with 2,500 as the contract multiplier before the commencement of business on 7 August 2000; and
• The margin requirement for the China Mobile (Hong Kong) Limited Futures Contract will be adjusted proportionately.

For further enquiries, please contact HKFE Corporate Communications: Mr Scott Sapp on 2842 9421.