Hong Kong Exchanges And Clearing Limited - 388- Profile

Hong Kong Exchanges and Clearing Limited(HKEX). The Group's principal activity is the operation of the stock exchange and futures exchange in Hong Kong and their related clearing houses. Its business segment consists of cash market business which refers to the operations of the Stock Exchange, which covers all products traded on the cash market platforms, such as equities, debt securities, unit trusts, warrants and rights; the derivatives market business refers to the derivatives products which include the provision and maintenance of trading platforms for a range of derivatives products, such as equity, currency and interest rate futures and options; and the clearing business which is responsible for clearing, settlement and custodian activities and the related risk management of cash market activities. Cash market accounted for 44% of 2006 revenues; clearing business, 31%; derivatives market, 16% and information services, 9%