HKEx Announces Details of Temporary Holiday Risk Management Arrangements

Market Operations

26 Mar 2010

Hong Kong Exchanges and Clearing Limited (HKEx) has announced the details of the holiday risk management arrangements below, following its news release dated 22 March 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 31 March 2010 (Wednesday) as outlined in the table below.

Futures Contract	Full Margin Rate^#	Initial Margin (HK$)	Maintenance Margin (HK$)

HSI	Current Level (effective on 1 April 2010)* Temporarily Increased Level	65,400 per lot 77,500 per lot	52,350 per lot 62,000 per lot

MHI	Current Level (effective on 1 April 2010)* Temporarily Increased Level	13,080 per lot 15,500 per lot	10,470 per lot 12,400 per lot

HHI	Current Level (effective on 1 April 2010)* Temporarily Increased Level	42,300 per lot 58,600 per lot	33,850 per lot 46,900 per lot

MCH	Current Level (effective on 1 April 2010)* Temporarily Increased Level	8,460 per lot 11,720 per lot	6,770 per lot 9,380 per lot

^# 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 1 April 2010.

* Refers to HKEx news release on 26 March.

Stock Options Market

The margin intervals for all options classes will be increased temporarily after the close of business on 31 March 2010 (see Appendix). The margin intervals will be restored to normal after the close of business on 1 April 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	Temporary Client Margin Intervals (%)
Aluminum Corporation of China Limited	17
Bank of China Limited	12
Bank of Communications Co., Ltd.	13
The Bank of East Asia, Limited	8
BOC Hong Kong (Holdings) Limited	9
BYD Company Limited	19
China Construction Bank Corporation	10
China Communications Construction Company Limited	10
China Coal Energy Company Limited	18
China COSCO Holdings Company Limited	14
China Mobile Limited	8
China Unicom (Hong Kong) Limited	15
CITIC Pacific Limited	17
Cheung Kong (Holdings) Limited	8
China Life Insurance Company Limited	11
CLP Holdings Limited	5
China Merchants Bank Co., Ltd.	14
CNOOC Limited	12
China Overseas Land & Investment Limited	14
Cathay Pacific Airways Limited	11
China Petroleum & Chemical Corporation	9
China Railway Construction Corporation Limited	10
China Railway Group Limited	11
China Shenhua Energy Company Limited	13
China CITIC Bank Corporation Limited	16
China Telecom Corporation Limited	12
Esprit Holdings Limited	14
Foxconn International Holdings Limited	22
Hongkong Electric Holdings Limited	5
Hong Kong Exchanges and Clearing Limited	10
HSBC Holdings Plc.	10
The Hong Kong and China Gas Company Limited	9
Henderson Land Development Company Limited	14
Huaneng Power International, Inc.	10
Hang Seng Bank Limited	7
Hutchison Whampoa Limited	9
Industrial and Commercial Bank of China Limited	11
Jiangxi Copper Company Limited	14
Li & Fung Limited	15
MTR Corporation Limited	7
New World Development Company Limited	12
Ping An Insurance (Group) Company of China, Ltd.	13
PetroChina Company Limited	11
PICC Property and Casualty Company Limited	16
Guangzhou R&F Properties Co., Ltd.	16
Sun Hung Kai Properties Limited	11
Swire Pacific Limited 'A'	11
Tencent Holdings Limited	16
Tracker Fund of Hong Kong	8
The Wharf (Holdings) Limited	12
Zijin Mining Group Company Limited	15

Updated 26 Mar 2010