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Position Limits of Six Option Classes Adjusted

Market Operations
30 Jun 2009

THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)


Position Limits of Six Option Classes Adjusted

The Stock Exchange of Hong Kong Limited (the Exchange) today announced adjusted position limits for stock options contracts to take effect on Thursday, 2 July.  Pursuant to section 5.9 of Operational Trading Procedures for Options Trading Exchange Participants of the Stock Exchange and after consulting the Securities and Futures Commission, the Exchange has determined to revise the position limits of the following six option classes to 50,000 open contracts per option class in any direction for all expiry months combined, in view of the growing stock options market.

Underlying Stock Name (Stock Code) HKATS Code Existing Position Limit Revised Position Limit
The Wharf (Holdings) Limited (4) WHL 30,000 50,000
Henderson Land Development Company Limited (12) HLD 30,000 50,000
Swire Pacific Limited 'A' (19) SWA 30,000 50,000
CITIC Pacific Limited (267) CIT 30,000 50,000
Hong Kong Exchanges and Clearing Limited (388) HEX 30,000 50,000
Li & Fung Limited (494) LIF 30,000 50,000

The full list of option classes available for trading and the respective position limits can be found on the website at: http://www.hkex.com.hk/eng/prod/drprod/so/classlist_so.htm.

The reporting levels for stock option contracts remain unchanged at 1,000 open contracts per option class per expiry month. 

Stock Options Exchange Participants are requested to remind their clients of the revisions accordingly.

Updated 30 Jun 2009