XN000022-1994-10-25 — Page 7

LD

TUESDAY, OCTOBER 25, 1994

STOCK FUTURES

ITS

REPRESENTS AN

"ONE OF THE MAJOR TARGETS OF HKFE, THEREFORE, IS TO EXPAND

OF INTRODUCTION PRODUCT BASE AND THE IMPORTANT STEP IN THIS DIRECTION, MR CARTLAND EXPLAINED.

"STOCK

FUTURES

WERE

門

SUCCESSFULLY

CONSIDERABLE BELIEVED

BY

THE

SYDNEY

NOW

TO

11

MR CARTLAND

LAUNCHED FUTURES EXCHANGE EARLIER THIS YEAR AND ATTRACTED

OTHER MARKETS IN THE REGION ARE INVESTOR INTEREST.

OF SIMILAR PRODUCTS,

BE CONSIDERING THE INTRODUCTION SAID.

HKFE HAS

TO DEVELOPING

"TO MAINTAIN THE COMPETITIVENESS OF OUR MARKETS, THE DEVOTED CONSIDERABLE EFFORT DURING THE PAST FEW MONTHS FUTURES CONTRACTS IN RESPECT OF STOCKS LISTED IN HONG KONG."

OF

"THE HKFE WILL INITIALLY INTRODUCE STOCK FUTURES IN RESPECT

CORPORATION TWO LISTED STOCKS, NAMELY, HONG KONG AND SHANGHAI BANKING

· TELECOMMUNICATIONS

THEY LIMITED.

HAVE THE AND HONG KONG

HIGHEST ARE MARKET CAPITALISATION AMONG STOCKS LISTED IN THE LOCAL MARKET AND HIGHLY LIQUID, MR CARTLAND SAID.

+1

AND SETTLEMENT THE METHOD OF TRADING, CONTRACT SPECIFICATIONS

TO THOSE APPLICABLE TO MECHANISM FOR STOCK FUTURES WILL BE SIMILAR

то HELP

MAKE IT EASIER HANG SENG INDEX FUTURES. THIS SHOULD

FOR INVESTORS TO UNDERSTAND AND TRADE IN THE NEW INSTRUMENTS.

IN

"THE SFC MAY AUTHORISE THE TRADING OF ADDITIONAL CONTRACTS

THE AMOUNT OF PUBLIC FUTURE DEPENDING ON THE MARKET CAPITALISATON,

SECURITIES," MR FLOAT AND THE TURNOVER OF

CARTLAND

SAID.

THE

UNDERLYING

0

LOK MA CHAU TO OPEN TO GOODS VEHICLES 24-HOUR

*

THE HONG KONG GOVERNMENT AND THE SHENZHEN ·MUNICIPAL PEOPLE'S GOVERNMENT HAVE JOINTLY ANNOUNCED THAT THE LOK MA CHAU

HUANGGANG BORDER CROSSING POINT WILL BE OPEN TO GOODS VEHICLES 24 HOURS A

DAY, WITH EFFECT FROM NOVEMBER 3, 1994.

AT PRESENT, THE CROSSING POINT IS CLOSED BETWEEN 10 PM AND 7 AM THE FOLLOWING DAY.

INITIALLY, ONE KIOSK WILL OPERATE ROUND THE CLOCK IN EACH

DIRECTION.

ON A TRIAL BASIS, THE 24-HOUR FACILITY WILL ONLY BE OPEN ΤΟ GOODS VEHICLES WITH PERMITS TO CROSS THE BORDER AT LOK MA CHAU HUANGGANG.

UP

BETWEEN 10 PM AND 7 AM THE FOLLOWING DAY, GOODS VEHICLES MAKING CROSSING AT LOK MA CHAU WILL HAVE TO USE THE GUANGSHEN EXPRESSWAY TO THE POINT OF THE TONGLE INSPECTION STATION.

/HOWEVER, THE