2004 Interim Results Announcement Positioning For Growth 11 August 2004

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2004 Interim Results Announcement Positioning
For Growth 11 August 2004
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Key Market Statistics Market Performance
Unaudited six monthsended 30 June
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Increased Profit from Higher Income and Lower
Costs
Unaudited six months ended 30 June
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Income Driven by Market Sentiment and Interest
Rates
Unaudited six months ended 30 June
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Investment Income

Unaudited six months ended 30 June 2004
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Cost Saving Efforts Continue to Show Results
Unaudited six months ended 30 June
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First Quarter vs Second Quarter

Unaudited six months ended 30 June
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Future Initiatives - Expanding Relationship with
the Mainland
China Listing

• Attract more major Mainland issuers to strengthen
  Hong Kong as Chinas international finance centre
• Improve listing services to Mainland issuers with
  the stationing of representatives from the
  Beijing Representative Office in Guangzhou and
  Shanghai

China Products

• Explore and develop more China-related products

Cross-border Cooperation

• Strengthen cooperation with Mainland exchanges
  and regulators
• Conduct market education and training
  programmes for Hong Kong-listed Mainland
• companies and potential listing applicants
  from the Mainland to improve their
• understanding of corporate governance
  issues and promote listing in Hong Kong

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Future Initiatives - Building a Quality Market
Strengthen Market Infrastructure

• Maintain the superb availability of all major
  market systems
• Study the feasibility of consolidating the
  existing market systems
• network
• Study the feasibility of consolidating the backup
  data centres
• Implement the scripless market model
  progressively
• Launch the enhanced CCASS Investor Participant
  account service
• in late August
• Consult the market on narrowing of trading spreads

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Future Initiatives - Building a Quality Market
Improve Investor Protection via Enhanced
Regulation

• Continue to implement developments in regulatory
  policy and
• review the Listing Divisions working practices
  to ensure effective
• discharge of regulatory responsibilities
• Work closely with the Government and the SFC on
  implementing
• the recommendations to enhance the listing
  regulation
• Consult the market in the fourth quarter of this
  year on restructuring
• the Listing Committees
• Improve the transparency of listing practices
  without sacrificing
• confidentiality obligations
• Implement rule amendments on regulation of
  sponsors and
• independent financial advisers in the fourth
  quarter of this year
• Continue to conduct market education seminars to
  promote a better
• understanding of the recent rule amendments

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Thank you
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