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HKEx responds to the Report by the Expert Group

21 Mar 2003

Hong Kong Exchanges and Clearing Limited (HKEx) is disappointed with the conclusions and recommendations of the Expert Group. HKEx remains of the view that it would be in the best interest of the Hong Kong market for HKEx to retain the listing function.

However, in the light of the Government's intention to adopt the Expert Group's recommendations, HKEx will work closely with the Government and the Securities and Futures Commission on their implementation.

HKEx also noted the Expert Group's recommendation that the transfer of listing function should be bottom line neutral at the time of transfer, and the Government's position in that respect, and HKEx will seek to ensure this objective is achieved.

Updated 21 Mar 2003