Hong Kong Exchanges and Clearing Limited (HKEx) has announced the following holiday risk management arrangements.

HSI, MHI and HHI

There will be mandatory intra-day variation adjustment calls in the Hang Seng Index (HSI), Mini-Hang Seng Index (MHI) and H-shares Index (HHI) markets on Monday, 24 December 2007 based on open positions in the markets at around 12 noon on 24 December.

Stock Options Market

There will be special intra-day margin calls on Monday, 24 December 2007 in respect of all open positions in the stock options market at around 12 noon on 24 December.

The above arrangements are based on the clearing houses’ normal procedures.

Exchange Participants have been advised to give advanced notice to their clients regarding the arrangements where appropriate.