HKSAR GOV N0907<02580> & HKSAR GOV N1907<02581> - New Listing

Market participants are requested to note that dealings in the 3.75% & 
5.125% Notes due 2009 & 2019 issued by The Government of the Hong Kong 
Special Administrative Region of the People's Republic of China will 
commence at 9:30 a.m. on Tuesday, 27/07/2004 under the following 
particulars:-

Stock Code  Stock Short Name     Denomination     Trading Currency
----------  ----------------     ------------     ----------------
2580        HKSAR GOV N0907      HKD 500,000            HKD
                                 or 5,000 units

2581        HKSAR GOV N1907      HKD 500,000            HKD
                                 or 5,000 units