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2006 Annual Results “Strong Investor Confidence, Record Results”. Paul Chow Chief Executive, Hong Kong Exchanges and Clearing Limited 8 March 2007. Key Market Statistics. Key Market Statistics Since Merger. New Records. Performance of Mainland Enterprises. Financial Highlights.
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2006 Annual Results“Strong Investor Confidence,Record Results” Paul Chow Chief Executive, Hong Kong Exchanges and Clearing Limited 8 March 2007
Trading and Clearing Selected Key Initiatives in 2007 • Introduce tender service for sale and purchase of Trading Rights • Study further Mainland-related and RMB-denominated products • Explore new product and service areas • Address barriers to securities and derivatives market trading • Consult market on Closing Auction in securities market • Further enhance the Stock Segregated Account with Statement service (second phase) and the Investor Participant service • Introduce Third Party Clearing to strengthen the securities market infrastructure
Selected Key Initiatives in 2007 (cont’d) Listing • Conduct market consultation on proposals for GEM • Support SFC/Government in implementing “statutory backing” • Facilitate listings by a greater range of overseas issuers • Implement the new listed company information dissemination model
Selected Key Initiatives in 2007 (cont’d) IT • Implement AMS/3 enhancements • Implement last phase of network consolidation (AMS/3) • Replace and upgrade CCASS/3 Mainframe and Middle-Tier Systems • Upgrade HKATS/DCASS to Release 19.x • Conduct derivatives market system capacity planning and upgrade • Explore consolidation of data centres • Review HKEx IT systems for possible efficiency improvement
Selected Key Initiatives in 2007 (cont’d) Business Development • Continue to organise listing promotion events • Continue to provide training programmes for issuers Corporate • Review fee structure • Work towards consolidation of HKEx offices • Strengthen HKEx accountability regime • Further develop HKEx MIS – finance and customer