Hong Kong

Liquidity Providers to be introduced under amended derivative warrant rules

Nick Etches, KPMG Hong Kong

The Hong Kong Exchanges and Clearing Limited (“the HKEx”) announced on 25 January 2002 that Issuers are required to appoint Liquidity Providers (“LPs”) for derivative warrants listed on the Stock Exchange of Hong Kong (“SEHK”) under amendments to the Listing Rules that became effective 10 December 2001.