In line with our exchange's product diversification strategy, we are delighted to introduce futures and options contracts on the new Hang Seng 100 index. The active listing and trading of red chips and H shares in Hong Kong in recent years has called for the introduction of a new market benchmark with broader representation to reflect the changing market structure. We believe that the growing acceptance of this benchmark - Hang Seng 100 - is a clear indication that futures and options on this new index will satisfy the demand of both institutional and retail investors. At the Hong Kong Futures Exchange, we look forward to your unfailing support and encouragement in these new products. GEOFFREY YEH Chairman,Hong Kong Futures Exchange