|                           |                                   | Hong Kong Stock                           Loan       Do you own any stocks                           that are traded on the Hong Kong stock                           exchange?
 We offer a                           number of highly customized securities based                           loan programs for securities (stocks) traded on the                           Hong Kong  stock exchange. You can pledge the                           stocks you own as collateral to apply for a securities                           based loan. It is also referred to as share financing or                           a stock loan.
                             *                              Minimum Loan Amount:   $500,000                             USD
 
 *  Maximum Loan                             Amount:  $200,000,000 USD
     PRIVATE                           & CONFIDENTIAL LOANHKEx                           is based in Hong Kong, a                           leading international financial center, and its                           exchanges and clearing houses serve a wide range of                           companies, investors and market intermediaries. It is                           Asia's third largest stock exchange in terms of market                           capitalization behind the Tokyo Stock Exchange and the                           Shanghai Stock Exchange and fifth largest in the world.                           As of 31 Dec 2010, the Hong Kong Stock Exchange had                           1,413 listed companies with a combined market                           capitalization of $2.7 trillion. Hong Kong Exchanges and                           Clearing is the holding company for the                           exchange.  HKEx is the operator                           and frontline regulator of the central securities and                           derivatives marketplace in Hong Kong. In this role, HKEx                           works closely with the Securities                           and Futures Commission (SFC) to regulate listed issuers;                           administers listing, trading and clearing rules; and                           provides services at the wholesale level to customers of                           the exchanges and clearing houses, including issuers and                           intermediaries - namely investment banks or sponsors,                           securities and derivatives brokers, custodian banks and                           information vendors - who service the investor directly.                           The only exception to HKEx's wholesale role is the                           Investor Participant Account Service, which is mainly a                           custody service provided to retail investors as well as                           institutions. 
 As an infrastructure provider, HKEx                           is essentially an IT-based enterprise. HKEx provides                           services along the core part of the securities and                           derivatives transaction chains. These services comprise                           trading, clearing and settlement, depository and nominee                           services, and information services.
 
 The history                           of the securities exchange began formally in the late                           19th century with the first establishment in 1891,                           though informal securities exchanges have been known to                           take place since 1861. The exchange has predominantly                           been the main exchange for Hong                           Kong despite co-existing with other exchanges at                           different point in time. After a series of complex                           mergers and acquisitions, HKSE remains the core. From                           1947 to 1969 the exchange monopolized the                           market.
 
 It is perfectly normal for Hong Kong                           stocks of even well-known companies to trade at                           prices that correspond to less than HK$4 a share. A Hong                           Kong stock would not be considered a penny stock unless                           its price was less than about HK$ 0.50.
 
 Each                           stock has its own individual board lot size (an online                           broker will usually display this along with the stock                           price when you get a quote); purchases in amounts which                           are not multiples of the board lot size are done in a                           separate "odd lot market".
 
 There is a                           close-in-price rule for limit orders, which must be                           within 24 ticks of the current price. Individual brokers                           may impose an even stricter rule; for instance, HSBC                           requires limit orders to be within 10 ticks of the                           current price. Broker support for triggered order types                           such as market-if-touched orders would allow placing                           orders further away, which would be sent to the exchange                           when the price condition was                           established.
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