Hong Kong Exchanges and Clearing Limited (HKEx) has published on the HKEx website the 27^th edition of its quarterly publication, Exchange.  This edition includes:

• A Chat Room conversation with HKEx Listing Division executives Richard Williams, Bonnie Chan and Michael Cheng about the division’s ongoing projects and its plans for this year; 

• An article on HKEx’s efforts to establish a depositary receipt framework; 

• An introduction to the Mini H-shares Index futures HKEx aims to roll out in March; 

• An overview of system upgrades to support the growth of HKEx’s markets;

• A report on preparations for the introduction of five-digit stock codes;

• A report on the start of Third Party Clearing in HKEx’s securities market;

• An introduction on HKEx’s possible admission of remote participants;

• A feature on the increase in active Stock Exchange Participants;

• A brief guide to the Designated Issuer Website set for rollout in the first quarter; and

• A report on the results of HKEx’s Derivatives Market Transaction Survey 2006/07.

Online versions of all editions of the publication are available on the HKEx website in the Press Room section.