HKEx Announces Details of Temporary Holiday Risk Management Arrangements

Market Operations

09 Feb 2010

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 1 February 2010.

HSI, MHI, HHI and MCH Futures Markets

The margin levels of Hang Seng Index (HSI), Mini-Hang Seng Index (MHI), H-shares Index (HHI) and Mini H-shares Index (MCH) futures contracts will be temporarily increased after the close of business on 11 February 2010 (Thursday) as outlined in the table below.

Futures Contract	Full Margin Rate*	Initial Margin (HK$)		Maintenance Margin (HK$)

HSI	Current Level Temporarily Increased Level	65,400	per lot	52,300	per lot
HSI	Current Level Temporarily Increased Level	93,000	per lot	74,400	per lot

MHI	Current Level Temporarily Increased Level	13,080	per lot	10,460	per lot
MHI	Current Level Temporarily Increased Level	18,600	per lot	14,880	per lot

HHI	Current Level Temporarily Increased Level	48,250	per lot	38,600	per lot
HHI	Current Level Temporarily Increased Level	69,800	per lot	55,840	per lot

MCH	Current Level Temporarily Increased Level	9,650	per lot	7,720	per lot
MCH	Current Level Temporarily Increased Level	13,960	per lot	11,170	per lot

Futures Contract	Full Margin Rate*	Initial Margin (HK$)		Maintenance Margin (HK$)

*	The spread margin rates will remain unchanged during this period. The margin levels of HSI, MHI, HHI and MCH futures contracts will be restored to the current levels after the close of business on 12 February 2010.

Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 11 February 2010 (see Appendix). The margin intervals will be restored to normal after the close of business on 12 February 2010.

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.

Appendix

Stock Options Classes	Client Margin Intervals as of 8 Feb (%)	Temporary Client Margin Intervals (%)
Aluminum Corporation of China Limited	13	20
Bank of China Limited	9	13
Bank of Communications Co., Ltd.	9	12
The Bank of East Asia, Limited	7	10
BOC Hong Kong (Holdings) Limited	7	9
BYD Company Limited	15	21
China Construction Bank Corporation	9	11
China Communications Construction Company Limited	11	14
China Coal Energy Company Limited	13	19
China COSCO Holdings Company Limited	12	16
China Mobile Limited	6	9
China Unicom (Hong Kong) Limited	9	12
CITIC Pacific Limited	10	15
Cheung Kong (Holdings) Limited	6	9
China Life Insurance Company Limited	7	10
CLP Holdings Limited	5	5
China Merchants Bank Co., Ltd.	10	14
CNOOC Limited	12	16
China Overseas Land & Investment Limited	9	13
Cathay Pacific Airways Limited	8	11
China Petroleum & Chemical Corporation	7	10
China Railway Construction Corporation Limited	8	11
China Railway Group Limited	9	12
China Shenhua Energy Company Limited	10	13
China CITIC Bank Corporation Limited	12	18
China Telecom Corporation Limited	9	12
Esprit Holdings Limited	12	17
Foxconn International Holdings Limited	18	27
Hongkong Electric Holdings Limited	5	5
Hong Kong Exchanges and Clearing Limited	7	11
HSBC Holdings Plc.	7	9
The Hong Kong and China Gas Company Limited	6	9
Henderson Land Development Company Limited	10	15
Huaneng Power International, Inc.	9	12
Hang Seng Bank Limited	5	5
Hutchison Whampoa Limited	8	10
Industrial and Commercial Bank of China Limited	9	11
Jiangxi Copper Company Limited	12	17
Li & Fung Limited	12	17
MTR Corporation Limited	5	6
New World Development Company Limited	8	12
Ping An Insurance (Group) Company of China, Ltd.	9	13
PetroChina Company Limited	9	13
PICC Property and Casualty Company Limited	12	17
Guangzhou R&F Properties Co., Ltd.	10	15
Sun Hung Kai Properties Limited	8	10
Swire Pacific Limited 'A'	9	12
Tencent Holdings Limited	12	17
Tracker Fund of Hong Kong	6	8
The Wharf (Holdings) Limited	11	14
Zijin Mining Group Company Limited	12	18

Stock Options Classes	Client Margin Intervals as of 8 Feb (%)	Temporary Client Margin Intervals (%)

Updated 09 Feb 2010