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2008 年年報

2 4 8 14 20 22 34 36 61 64 80 82 96 98 106 108 109 111 114 115 116 117 118 120 122 123 207

2008 2007 721 881 (18%) 207,052 171,440 21% 225,074 187,686 20% 2008 2007 7,549,090 8,390,470 (10%) 1,620,617 1,411,565 15% 5,928,473 6,978,905 (15%) 206,317 (100%) 5,587 (100%) 5,928,473 7,190,809 (18%) (799,549) (1,021,531) (22%) 5,128,924 6,169,278 (17%) 4.78 5.78 (17%) 4.75 5.72 (17%) 2.49 1.79 39% 1.80 3.40 (47%) 4.29 5.19 (17%) 90% 90% 2008 2007 7,295,322 8,377,348 (13%) * 62,823,921 87,955,270 (29%) # 6.79 7.83 (13%) * # 2008 12 311,073,939,532 1,074,886,346946,814 20071,069,228,714 1,070,285,3461,056,632 2 2008

* 2008 9% 42% 27% 22% 2007 8% 45% 30% 17% 2008 10% 41% 25% 24% 2007 8% 43% 32% 17% * 146 150 4 2008 3

1 1 1 11 18 2 4 3 10 4 1 7 1 7 18 9 1 11 17 11 28 200818 15 5 2 7 1 6 25 2008 2008 11 4 2008

5 15 (Globalisation through Hong Kong s Capital Markets) 5 25 6 1 6 4 (IPO in Hong Kong Conference) 9 17 19 (Futures Industry Association) 2008 (Asia Derivatives Conference 2008) (Access to China Equity Derivatives) 5 22 10 20 22 (Asia- Pacific Financial Information Conference) 1 28 AMS/3 MDF 3 3 HKATS DCASSOMX 19.1 3 25 CCASS/3 3 31 SMARTS 7 19 DCASS PRS 8 23 CCASS/3 9 2008 5

4 28 CCASS 6 20 10 20 9 18 9 26 10 27 CCASS T+2 3 31 H 10 20 4 7 5 26 6 10 7 2 11 28 57 7 31 6 2008

1 21 2007 3 26 (World Federation of Exchanges) 9 25 11 10 30 2008 Annual Corporate Governance Index 2008 11 3 2007 2008 4 7 500 100 5 8 5 15 500 7 23 500 5 22 9 17 11 67 (Association of National Numbering Agencies) 11 21 20072008 12 19 2008 7

2008 20072008721 18% 20082007 1% 14,68070% 160 140 134.5 120 100 97.7 98.7 80 60 52.9 65.9 76.1 63.6 50.8 40 20 0 2007 2008 8 2008

( 000) 300 266 250 200 150 144 125 148 138 198 240 195 246 206 177 212 220 215 230 203 100 50 0 2007 2008 2008 207,052 225,074 21% 20% 2008 12 10 2008 105,006,736 2007 19% 1410,3964,200 2007 2008 10.3 2007 12 31 50%1438748% H789151% Lehman Brothers Holdings Inc2008 9 CCASS 65 2008 9

2008 2007 6% 10% 75.49 20082007 17% 51.29 9,000 8,390 7.00 8,000 7,549 6.00 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 5.19 6,169 4.29 5,129 4,147 2.28* 2,694 2,312 2,394 2.13 2,519 1,998 2,020 1,808 0.90 1.13 1,057 1,340 883 0.51 734 589 693 0.33 0.33 2000 2001 2002 2003 2004 2005 2006 2007 2008 5.00 4.00 3.00 2.00 1.00 * 1.80 2.49 4.29 200717% 2007 12 31221.20 2008 12 3173.602007 2,367 791 10 2008

2008 21% 0% / 2008 2008 2007 5,744.95 54,692,865 566.78 549.93 13,287.69 16,292.60 2009 2 (The Asset) AAA 2009 (Triple A Transaction Banking Awards 2009) (International Corporate Governance Network) 2008 10 2008 11 2008 9 2008 11

2008 9% 7% 20098% 4 2007-2009 2010-2012 12 2008

David Webb 2009 3 4 2008 13

2008 2008 57% 2,9402008 12 465 60% 71% 14 2008

2008 7 39 2009 1 2010 2008 2008 2008 15 2008 15

2008 9 (Organisation for Economic Co-operation and Development) 2008 H 20085,740 () A 2008 12 (certified emission reduction units) 20085,400 2008 2008 5 16 2008

2008 7 2007 36%200529% 2008 11 2007/08 2006/07 55%61% 40% 2008 2008 2008 10 12 2008 100% 2008 17

2008 2008 AMS/3 2009 2012 2007 6 25 100% 2008 2 454,000 XBRL CCASS CCASS T+2 CCASS CCASS CCASS CCASS CCASS CCASS 2009 18 2008

2011 10 HKATS DCASS 2008 2009 4 2007-2009 2010-2012 2009 2 2009 3 4 2008 19

* 1 * 2 * 2 * * * 3 3 WEBB, David Michael 4 5 6 6 WEBB, David Michael 4 5 7 6 6 6 WEBB, David Michael 4 5 20 * ** 1 2008 4 24 29 2 2008 4 24 2008 3 2008 4 24 4 2008 5 15 5 2008 6 18 6 2008 4 25 7 2008 4 29 8 65 9 2008 1 20 10 2008 9 17 11 2008 9 17

6 6 WEBB, David Michael 4 5 6 6 6 6 6 6 6 8 7 ** ** ** 9 6 ** ** 10 11 11 11 11 11 11 2008 10 22 00267 2008 21

70 2006 4 26 2006 4 28 2008 4 24 2010 2005~ 1980~ 1989~ 1997~ 2001~ SCMP 1996~ 1994~ 1981~ 1994~ 2000-2005 2005-2008 1974-1975 2000 2008~ 2005~ 2005~ 2007~ 1997~ 2008~ 22 2008

62 2003 5 1 2010 4 *2003~ # 2009~ 1990-1997 1990-1991 1997-2003 1991-1997 2003~ * 2008 12 31 # 2009 1 1 59 2006 4 26 2008 4 24 2010 2006~ 2006~ 2008~ 2004~ 2007~ Tata Consultancy Services Limited 2006~ 2004~ 2007~ 1998-2001 1994-2001 1993-19941991-1993 (2004~) (2004~) 2007~ 2008~ 2008~ 2007~ University of Wisconsin Santa Clara University 2008 23

58 2006 4 26 2008 4 24 2010 2005~ 2003~ 2005~ 1997~ 1996~ 1999~ 1999~ 1999~ 1994~ 1997~ 2007~ 1999-2008 2005-2006 2003-20051997-2000 1997-2000 2004-2008 2005~ 2003~ (2007~) 2006~ 2004~ 24 2008

61 2005 4 12 2007 4 26 2009 * 2009 2 1 2004~ 2004~ 2009~ * 2007~ 2000~ 1969-2003 1996-2003 1974-2003 2003-2005 2003~ 2008~ 1998~ 2005~ 2004~ 2004~ 60 2003 11 15 2007 4 26 2009 * 1997~ 1992~ 2006~ 2005~ 2004~ 2007~ 2008~ 2008~2003~ 2004~ 2003~ * 2008 12 31 2009 1 20 2008 25

64 2003 4 16 2007 4 26 2009 * 2009 1 30 1999~ 2002-2009 * 1997-2002 1997-2000 1976-1997 2000-2003 1993-1996 1997-2000 1997-2000 2008~ 56 2000 4 3 2008 4 24 2011 Bloomberg L.P. Asia Pacific Advisory Board 2006~ 2006~ 2006~ 1992~ 1991~ 1992~ 1991-20001997-2000 2003~ 2005~ 26 2008

53 2000 4 3 2008 4 24 2011 * 1990~ Coopers and Lybrand 1978-1981 1981-1990 2003-2006 2006~ 2006~ 2003~ Magna Cum Laude * 2008 12 31 53 2000~ 1992-1994 1990-1991 1980-1990 University of Hull University of Hull 2006 4 26 2006 4 26 2009 2008 27

69 2000 4 3 * 2007 4 26 2010 ^ Esquel Holdings Inc 2001~ 2009~ # 2008~ 2009~ 2004~ Yoma Strategic Holdings Ltd 2006~ 1971-1998 1966-1969 1996-1998 2003~ Jesus College * 2000 4 3 ()1999 7 8 # 2009 1 6 2008 12 152009 1 6 ^ 2008 12 31 50 2008 6 18 2008 6 18 Search Investment Group Limited 2007~ 2000-2007 1998-2007 NatWest Investment Services 1992-1994 1994-1998 Heriot-Watt University 28 2008

53 2003 4 15 2007 4 26 2010 ARN Asian Enterprise Fund Limited 2006~ *2008~ 2008~ 2001-2005 INVESCO Asia Limited 1998 1999-2000 2008~ * 2008 12 18 2008 29

2004-2007 1989-2004 1984-1989 Allegheny College University of Toledo College of Law 52 2004 5 2009 3 1 56 2007-2008 HT 2007 2003-2005 1999-2005 1997-1999 1991-1996 1987-1991 2009 1 19981997 1994-19971992-1994 1989-1992 59 1992 2 30 2008

1985-1990 1981-1985 1978-1981 ) 59 1990 7 1982-1988 1974-1982 54 1988 1 2007-2008 2000 2001-2003 1996-2000 1991-1996 61 2003 12 2008 31

1997-2004 1992-1997 50 2004 10 2000-2002 1999-2000 University of Warwick 46 2002 10 2009 2 28 52 Westpac Banking Corp 1988-1992 1987-1988 1985-1987 1992 11 32 2008

50 1988-2000 1986-1988 1981-1984 2000 6 2008 33

2009 3 1 34 2008

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 9 2008 35

2008 1 1 2008 2008 1 11200818 2008 4 7 10515 2008 11 28 2008 2009 1 1 2009 4 1 2009 2 12 2008 12 31 2009 4 1 2008 11 28 2008 2 4 (http://www.hkexnews.hk) 1,370 2008 6 25 2008 2 29 2009 2 2009 36 2008

2008 4 1 2009 2008 5 2 2008 7 1 2008 7 1 2008 7 18 2010 6 30 2010 12 31 2008 11 17 RFA 2008179 2007154 137 42 20071222007 106 20 212007 21 2008 37

2008113 2007 105 83 73%2007 76% 120 4 4%2007 8%180 1052007 103 105 53 53 24 2008 74 2007 79 200797% 25 2008 7 1 2008 152007512 80% 60 3 20% 120 2004 2005 2006 2007 2008 130 111 88 125 137 74 76 65 96 57 47 55 54 78 29 2 6 3 11 7 2 2 2 4 18 21 10 6 2 2 2 3 0 1 1 15 5 7 0 1 12 5 4 3 8 44 32 29 42 27 7 6 6 9 24 2004 2005 2006 2007 2008 892 934 975 1,048 1,087 204 201 198 193 174 1,096 1,135 1,173 1,241 1,261 * 2006 2007 2008 21 28 34 69 81 93 103 114 113 327 336 327 168 188 198 16 18 17 22 20 24 103 103 100 158 166 174 161 161 158 25 26 23 1,173 1,241 1,261 * 38 2008

2004 2005 2006 2007 2008 9,092 11,092 11,579 19,025 20,784 1,919 2,409 2,488 3,048 2,849 6,116 6,200 7,716 10,083 8,439 3,383 3,172 3,556 5,597 2,627 213 262 252 512 516 57 88 141 90 86 2008 20,784 13,891 67%2007 8,213 43%2,893 20082,62720075,597 90% 96% 8% 94% 93% 2009 1 1 2009 1 2008350 84% 51% 20088,439200710,083 2,627 20075,597 2008 88,440 2007 58,747 536 2008 39

2008 86200790 2008 284 2007245 2008 10 31 2008 2007 2008 2007 12 16 6 7 4 2 3 2 6 7 1 1 2 2 32 30 8 15 2008 2004 2005 2006 2007 2008 201 332 216 167 171* 5 10 9 9 10 # 14 8 11 7 5 # 3 3 2 0 0 # 161 109 96 63 68 * # 40 2008

2008 9 9 2006 2007 2008 63 48 67 2 20 17 2 18 26 67 86 110 2006 2007 2008 1 3 4 1 4 5 1 7 4 20082008 5,03120077,025 4,82220076,312 209 2007713 4,281 4,231 502007 401 391102008 20 2004 2005 2006 2007 2008 1,259 1,682 2,823 6,312 4,822 926 1,241 2,168 3,788 6,294 863 1,304 1,959 4,483 3,011 63% 51% 50% 129% 33% 2008 41

* 2006 2007 2008 83 391 4,231 48 250 2,837 11 34 211 24 131 1,314 446% 903% * 2006 6 12 1.2 143,410 2008703,900 2,200 80%0.2 XV 54,965 2,700 * 2004 2005 2006 2007 2008 75,620 81,692 94,666 120,622 143,410 21% 8% 16% 27% 19% 35.7 58.7 94.1 151.4 120.5 32,396 32,315 38,809 62,211 54,965 9% 0% 20% 60% 12% 9.2 9.2 13.3 31.1 27.8 * 2003 2005 2006 2008 862 857 499 200847 18 2 8 3 18 4,2722008 12 31 1,087 174102,988 2008 12 313,011 1,314 7 24 1722008 720 2.13 42 2008

2008 2007 14387.48 27812.65 48% 1982.56 3935.37 50% H 7891.80 16124.72 51% 3292.40 6111.20 46% 17891.16 33708.99 47% 385.47 1349.64 71% (01/2005 12/2008) 35000 30000 25000 20000 15000 10000 5000 0 (01/2005 12/2008) 2000 1800 1600 1400 1200 1000 800 600 400 200 0 05 1 05 3 05 5 05 7 05 9 05 11 06 1 06 3 06 5 06 7 06 9 06 11 07 1 07 3 07 5 07 7 07 9 07 11 08 1 08 3 08 5 08 7 08 9 08 11 05 1 05 3 05 5 05 7 05 9 05 11 06 1 06 3 06 5 06 7 06 9 06 11 07 1 07 3 07 5 07 7 07 9 07 11 08 1 08 3 08 5 08 7 08 9 08 11 2008 2007 2008 2007 66 290 77% 0.2 2 90% 10,254 20,536 50% 45 161 72% 1,087 1,048 4% 174 193 10% 5,654 5,896 4% 177 196 10% 17,601 21,506 18% 52 159 67% 71,840 87,424 18% 213 647 67% 700 600 500 400 300 200 100 0 451 2000 43 31 59 60 101 209 46 277 49 2001 2002 2003 2004 2005 2006 2007 2008 299 57 516 56 571 82 418 47 200 180 160 140 120 100 80 60 40 20 0 2008 43

25,000 20,000 15,000 10,000 5,000 0 16,056 2000 47 57 57 5,836 9,100 27 4,644 5,280 21 3,046 8,513 19,767* 9,060 2001 2002 2003 2004 2005 2006 2007 2008 10 6 2 2 100 90 80 70 60 50 40 30 20 10 0 * 25,000 20,000 20,536 15,000 13,249 10,000 5,000 4,795 3,885 3,559 5,478 6,629 8,113 10,254 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 200 180 160 140 120 100 80 60 40 20 0 67 61 52 70 67 67 2000 2001 2002 2003 2004 2005 2006 2007 2008 89 161 45 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 4,694 25 19.1 20 3,434 15 14.0 1,790 10 7.2 857 5 524 159 105 113 264 3.5 0.6 0.4 0.5 1.1 2.1 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 44 2008

25,000 20,000 15,000 10,000 5,000 0 8,333 21,506 17,601 3,948 4,498 33.7 3,048 1,950 2,546 1,599 8.0 6.5 18.2 10.3 15.9 12.3 2000 2001 2002 2003 2004 2005 2006 2007 2008 200 180 160 140 120 100 80 60 40 20 0 84 341.2 39 162.2 44 178.1 30 38 153.8 26 103.5 22 90.4 44 176.8 159 87.4 71.8 647.4 212.6 2000 2001 2002 2003 2004 2005 2006 2007 2008 52 150 140 130 120 110 100 90 80 70 60 50 40 30 20 10 0 1,000 900 800 700 600 500 400 300 200 100 0 25 22.47 20 15 12.80 12.18 14.89 18.96 18.73 15.57 17.37 10 5 0 7.26 5.38 2.01 2.92 3.40 2.94 2.85 2.89 2.19 2.21 2000 2001 2002 2003 2004 2005 2006 2007 2008 (%) 2000 2001 2002 2003 2004 2005 2006 2007 2008 * 43 31 60 46 49 57 56 82 47 0 0 0 0 0 0 1 0 0 325 212 671 688 1,273 1,694 2,835 6,329 4,840 46 31 27 10 14 12 12 17 18 279 181 644 678 1,259 1,682 2,823 6,312 4,822 # 83 391 4,231 ^ 25 16 46 0 0 0 0 20 21 18 20 49 32 46 26 20 0 1 1 1 2 6 3 11 7 * # 2006 6 12 ^ 2002 8 5 2008 45

2008 4 7 10000 29999 2008 4 7 30000 3249960000 69999 2008 5 132008 11 3 2008 5 26 2008 11 28 2009 2 13 102 4 2% 20073912008 4,2313,033 37 1,161 322008 10 2008 1,314 2006 6 12 1 200842.4 6% 2008 5 13 ETF SPDR ETF 2008 7 31 2008 SPDR ETF 1,930 2008151 2008 12 31 99 700 46 2008

200819% 2008 12 10 H 27% 33% 2008 100 3 26 1,180,005 3 27 1,160,4289 241,006,345 2008 10 28 224,461 1 24 63,991 10 29 10,673 H 10 28 219,689 3 26 156,841 H * 11 12 4,792 7 23 1,961 10 28 6,021 H 9 18 39,016 3 27 805,947 # 10 20 480 10 27 248 * 2008 3 31 # 2008 10 20 2008 2007 21,716,508 73,034 17,160,964 111,513 7,961,028 2,945 4,325,977 3,457 H 14,440,965 96,120 10,846,277 91,786 H * 318,395 345 25 # 39 0 3,244 0 H ^ 9 0 3,220 0 257,015 9,449 351,514 5,954 891 91 574 140 23,818 2,435 31,678 1,992 0 0 150 0 3,075 132 44,721,743 184,551 32,723,598 214,842 3,820,797 75,829 7,480,183 174,368 156,957 1,796 69,512 443 H 1,613,988 59,592 1,727,847 76,326 25 ^ 386 0 1,578 1 54,692,865 3,984,346 45,982,968 5,314,918 60,284,993 4,121,563 55,262,088 5,566,056 105,006,736 4,306,114 87,985,686 5,780,898 * 2008 3 31 # 2008 12 30 ^ 2008 12 23 2008 10 20 2008 47

(2000 2008) 450,000 400,000 350,000 300,000 H2004 6 H2003 12 250,000 200,000 150,000 100,000 50,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2008 1 3 H 50% 2008 4 28 HKATS HKATS2008 6 16 1:2 1:4 2008 7 2 20050 1 30 2 15 1 60 2 30 2008 3 31 H H H2008 7 11 H 0.800.50 0.160.10 48 2008

2008 5 26 4 301 4 2008 6 10 2008 10 20 2010 4 19 2008 10 1 CCASS 2008 2007 CCASS 577,110 616,195 72.1 88.1 110.6 94.2 CCASS 63,433 66,818 193.1 205.4 50.0 48.5 CCASS 566 945 220.2 351.5 181.6 252.7 (T+2) 99.81% 99.70% (T+3) 99.98% 99.97% T+3 8 20 11 24 8.4 15.0 CCASS 3,408.3 3,570.4 72.57% 74.95% 5,040.5 10,438.9 44.62% 47.02% 2008 1 14 CCASSCCASS 3.5 1,000 2.5 2008 49

DCASS 2008 1 30 2008 3% 1.5% CCASS 2008 4 28 CCASS 9 15 2008 12 15 CCASSCCASS CCASS 2008 4 28 CCASS CCASS CCASS T+2 2008 10 27 CCASS T+2 T+2CCASS T+2 2 30 CCASS CCASS CCASS CCASS CCASS CCASS T+3 DCASS 2008 11 21 DCASS DCASS DCASS DCASSDCASS 106 45 50 2008

CCASS 2008 12 15 CCASS 15 CCASSCCASS 32 15 2008 6 20 AMS/3HKATS 20081,80059 AMS/3 HKATS 20083,60034 2008 9 2008 5 20 28 2008 17 12 9 2008 12 487 896 148 172 449 854 148 172 38 42 0 0 35 35 52 54 522 931 200 226 2008 51

CCASS 2008 12 1 35 452 5 21,475 0 5 21,973 2008 200813 2008 2 7 2008 11 2008 50 80 2008 2 21 40 5 22 150 6 25 30 7 9 10 240 7 22 100 7 23 50 7 31 30 8 5 120 9 11 200 10 20 300 10 28 100 11 26 190 52 2008

2008 10 2008 200830 2008 4 7 70 Infrastructure Leasing & Financial Services Ltd 4 17 250 5 15 270 6 4 180 All-Russia Organisation 6 10 160 Beacon Events & Mining Journal 10 23 60 10 31 200 2008 H 2008 2008 53

2008 6 10 (International Derivatives Expo) 11 Futures and Options Association 7 6 15 7 11 15 9 4 2008 13 9 17 2008 19 9 29 10 20 22 (Financial Information Services Division of Software & Information Industry Association) 11 17 19 11 15 22 12 3 12 9 Asia Society 2008112412007 9241 6992007 555 2008 75200742 70% 2010 200 80 120 2009 2010 1 1 100160 25 2008 282007 22 54 2008

(i) (ii) (iii) MDF 2008 9 2008 500 750 2008 3 2008 9 FISD 2008 4 FISD FISD FISD 2008 10 MDF MDF 2008 5 MDF MDFMDF MDF MDF MDF IIS 2008 6 IISIISIIS IISIIS 45,000 2008 55

2008 9 18 3412 2009 1 6 2009 2009 ( ) 2008 10 20 2008 49 2009 1 1 2010 12 28 2008 24 200722 68% 2007 74%200820 200724 100% AMS/3 CCASS/3 MDF 2008 500 350 56 2008

MDF 2008 3 200 500 AMS/3 2,100SDNet 2008 8 300 500 DCASS PRS 2008 7 19 SAN DCASS PRSDCASS PRS 200 2,200 2008 9 256 kbps 1 mbps HKATS 5 10 HKATS Click 2008 3 3 HKATS DCASS 19.1 HKATS DCASS CCASS/3 2008 8 23 2008 3 31 SMARTS SMARTS 2008 6 2008 57

2008 12 2008 2008 9 1 2009 HKATS DCASS 2009 CCASS 100,000 2008 1 23 T+2 0.25%0.50%2008 10 2 2008 12 1 i ii iii 2008 12 8 58 2008

2008 9 16 CCASS CCASS CCASS 1.55 2008 12 31 11(a) CCASSCCASS 2008 9 22 Lehman Brothers Futures Asia Limited 2008 9 16 2008 9 17 2008 9 18 2008 9 17 2008 623 2007497 2007 12 31 2008 12 31153 22% 538 2007691 2008 12 31 2007 12 31 2008 59

2008 2007 2008 2007 2008 2007 2008 2007 10.8 11.5 50% 50% 48% 47% 2% 3% 41.8 55.4 39% 30% 61% 70% 0% 0% 1.2 2.2 30% 16% 70% 84% 0% 0% 53.8 69.1 41% 33% 59% 66% 0% 1% 2008 12 31 2 2007 12 31 3 2008 12 31536 2007 12 31 688 > > > > 2008 2007 2008 2007 2008 2007 2008 2007 2008 2007 2008 2007 10.6 11.2 42% 33% 4% 13% 37% 36% 11% 12% 6% 6% 41.8 55.4 32% 41% 35% 26% 33% 32% 0% 1% 0% 0% 1.2 2.2 66% 84% 13% 0% 21% 16% 0% 0% 0% 0% 53.6 68.8 35% 41% 28% 23% 34% 32% 2% 3% 1% 1% 2008 12 31 Aa2 2007 Aa10.620070.6 Value-at-RiskVaR VaR 95% 10 VaR 2008 2007 VaR VaR VaR 2008 2007 2008 2007 2008 2007 17.9 15.0 22.0 19.1 15.0 11.2 23.8 13.8 31.3 25.7 17.1 10.1 0.6 0.4 0.9 0.6 0.2 0.1 8 60 2008

2008 2008 2009 H 1 1 1 11 18 2008 11 28 15 2 4 2 29 3 10 5 2 7 1 7 18 5 13 4 7 5 26 1 8 1 SPDR ETF 7 31 11 28 1 3 H 50% 4 28 7 2 3 3 31 H 7 5 26 4 30 6 10 10 20 10 1 2008 4 2% 2008 61

2008 2008 2009 CCASS CCASS CCASS CCASS CCASS CCASS 1 14 1 30 4 28 CCASS 4 28 CCASS 9 15 10 27 CCASS T+2 11 21DCASS 12 15 CCASS 12 15 CCASS 6 20 59 34 10 11 10 21 12 3 H 4 30 3 13 80 50 H 2008 1 10 2 CCASS T+2 62 2008

2008 2008 2009 AMS/3 MDF CCASS/3 DCASS PRS AMS/3 AMS/3 10 HKATS DCASS 19.1 (SMARTS) 2008 2010 3 MDF 3 4 FISD 5 MDF MDF 6 IIS 10 20 AMS/3 MDF CCASS/3 DCASS PRS AMS/3 HKATS DCASS 19.1 SMARTS 7 8 9 2009 10 2 12 1 12 8 AMS/4 AMS/3 MDF 100% AMS/4 HKATS PRS HKATS/DCASS CCASS/3 AMS/3 HKATS DCASS PRS CCASS 2009 2008 63

2008 2008 721 4,822 4,231 * 47 2 2008 12 31 1,087 2008 12 31 174 4,182 90 4,272 2007 ( ) 6 378,282 7 57,632,173 6,745,736 4,744,711 8 64,092 9 18,390,276 87,955,270 10 56,925,743 85,600 11 22,566,579 79,577,922 8,377,348 2,137,013 12 (47,803) 6,288,138 8,377,348 * 2008 2008 ( ) ( ) ( ) ( ) ( ) ( ) 3,151,395 1,641,103 2,083,992 679,706 5 (7,106) 7,549,090 728,680 198,066 627,476 73,501 (7,106) 1,620,617 1 2,422,715 2 1,443,037 3 1,456,516 4 606,205 5,928,473 (799,549) 5,128,924 2008 ( ) 13 5,049,315 12 (32,494) 8 132,733 (221,378) (6,281,846) 771,009 524,732 66,533 2,435 11,039 2008 1 1 4,744,711 2008 12 31 4,755,750 2008 207,052 * 225,074 * * 2008 2008 ( ) 6 371,887 7 43,076,305 6,038,614 4,755,750 9 8,581,365 62,823,921 10 42,289,511 83,150 11 13,155,938 55,528,599 7,295,322 2,117,884 12 (65,254) 5,242,692 7,295,322 64 2008

2008 ( ) ( ) ( ) ( ) ( ) 2008 1 1 1,336,455 49,669 56,036 694,853 2,137,013 66,533 66,533 28,179 28,179 43,800 43,800 (3,155) (142,470) (145,625) (12,016) (12,016) 18,800 (18,800) 2008 12 31 1,421,788 47,032 96,681 552,383 2,117,884 2008 2008 2007 2008 2007 18% 2008 1 6.32 2 1.98 3 8.26 1.57 2008 2007 2.06 4 200 5 6 600 1.03 1.09 2008 5,128,924 (6,319,534) 2,566 (3,027) 145,625 (1,045,446) 2008 1 1 6,288,138 2008 12 31 5,242,692 3,309,601 1,933,091 5,242,692 7 418.40 2007 554.29 12.36 2007 22.03 8 2007 12 31 6,900 9 79.04 2007173.02 10 418.40 2007554.29 4.50 2007 14.977 11 79.04 2007 173 36 200727.20 12 3,200 1,500 13 25.99 2008 2008 65

2008 2007 ( ) ( ) 4,704,991 5,290,786 711,983 688,538 673,445 678,909 390,855 489,109 999,175 1,238,228 68,641 4,900 7,549,090 8,390,470 1,620,617 1,411,565 5,928,473 6,978,905 206,317 5,587 5,928,473 7,190,809 (799,549) (1,021,531) 5,128,924 6,169,278 2008 12 312007 61.6951.29 17%2008 2007 2008 2008 12 31 50% 18%2008 5.86 47.05 2008 2007 15% 1.57 HKFRSs 2008 12 31HKFRSs 66 2008

0.9%(0.69) 37.2%(28.03) 0.1%(0.05) 36.8%(30.86) 13.2%(9.99) 14.7%(12.38) 5.2%(3.91) 5.8%(4.89) 8.9%(6.73) 8.1%(6.79) 6.6%(4.97) 9.4%(7.12) 7.5%(6.27) 8.2%(6.89) 18.6%(14.05) 18.8%(15.77) (A) 2008 2007 ( ) () 2,803,081 3,086,250 (9%) 1,405,202 1,577,433 (11%) 496,708 627,103 (21%) 4,704,991 5,290,786 (11%) 2008 2007 721 881 (18%) 207,052 171,440 21% 225,074 187,686 20% 2008 67

68 2008 2007 2008 225 188 207 171 0 100 200 300 400 500 600 700 900 800 0 50 100 150 200 250 300 775 634 2007 2008 2,028 2,452 72.1 88.1 0 500 1,000 1,500 2,000 2,500 3,000 0 20 40 60 80 100 H 2008 2008 2008

(B) 2008 2007 ( ) () 346,263 308,163 12% 360,944 374,239 (4%) 4,776 6,136 (22%) 711,983 688,538 3% 2008 2007 12 31 12 31 1,087 1,048 4% 174 193 (10%) 1,261 1,241 2% 2008 2007 4,822 6,312 (24%) 4,231 391 982% 47 82 (43%) 2 2 0% 77 98 (21%) 9,179 6,885 33% 2008 2007 ( ) ( ) 418.2 571.1 (27%) 9.0 19.7 (54%) 427.2 590.8 (28%) 2008 69

400 350 300 250 200 150 100 50 346 1,261 1,241 308 1,500 1,250 1,000 750 500 250 0 2008 2007 0 500 400 300 200 9,179 6,885 361 374 10,000 8,000 6,000 4,000 100 2,000 0 2008 2007 0 (C) 2008 2007 ( ) () 673,445 678,909 (1%) (D) 2008 2007 ( ) () 289,783 311,187 (7%) 34,614 34,043 2% 5,313 97,730 (95%) 9,603 9,624 (0%) 21,844 15,555 40% 8,335 3,000 178% 21,363 17,970 19% 390,855 489,109 (20%) 70 2008

2008 2007 3 (E) 2008 2007 ( ) () 1,075,590 1,949,955 (45%) (76,415) (711,727) (89%) 999,175 1,238,228 (19%) 70.0 60.0 1.6 50.0 2.3 40.0 50.9 30.0 40.0 20.0 10.0 9.8 0.0 7.4 2008 2007 1,500 1,238 1,250 999 1,000 895 798 750 2007 2008 5 2008 500 373 250 0 83 21 67 2008 2007 2008 71

72 2008 385 373 12 5.19% 0.86% 500 400 300 200 100 0 2008 2007 6.00% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% (2008) 0.85% 5.03% (2008) (2007) (2007) 84 1 83 2007 ( ) 2008 92 67 25 2008 2007 5.00% 0.00% 1.00% 2.00% 3.00% 4.00% 27 6 21 0 20 40 60 80 100 120 1.72% (2008) 3.94% (2007) 1.33% (2008) 2.88% (2007) 1,473 798 675 2008 2007 5.00% 0.00% 1.00% 2.00% 3.00% 4.00% 964 69 895 0 250 500 750 1,000 1,250 1,500 1,750 1.89% (2008) 3.69% (2007) 1.76% (2008) 2.00% (2007)

(F) 2008 2007 ( ) () 68,641 4,900 (100%) 68,641 4,900 1,301% 2008 6,900 17.1%(2.78) 6.7%(1.09) 1.6%(0.25) 1.0%(0.17) 49.6%(8.03) 8.8%(1.24) 5.6%(0.79) 1.9%(0.27) 1.0%(0.14) 9.4%(1.32) 58.6%(8.27) 9.3%(1.50) 14.7%(2.08) 14.7%(2.39) 2008 2007 ( ) () 803,106 827,116 (3%) 238,917 207,422 15% 150,295 132,244 14% 16,986 14,054 21% 25,128 27,185 (8%) 108,813 79,144 37% 277,372 124,400 123% 1,620,617 1,411,565 15% 2,400 2008 8,600 2008 1.68 20072.54 2008 2008 73

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2008 2008 2008 2008 2008 () ( ) ( ) ( ) ( ) 2,284,644 1,926,687 1,635,904 1,701,855 7,549,090 382,559 386,384 529,569 322,105 1,620,617 1,902,085 1,540,303 1,106,335 1,379,750 5,928,473 (252,344) (215,638) (146,688) (184,879) (799,549) 1,649,741 1,324,665 959,647 1,194,871 5,128,924 2007 2007 2007 2007 2007 () ( ) ( ) ( ) ( ) 922,537 1,407,764 1,682,079 2,156,898 6,169,278 2,500 2,000 1,500 1,000 500 2,157 134.5 1,650 1,682 98.7 1,408 97.7 1,324 76.1 1,195 960 922 65.9 63.6 52.9 50.8 160.0 140.0 120.0 100.0 80.0 60.0 40.0 20.0 2008 0 0.0 2,500 2,250 2,000 1,750 1,500 1,250 1,000 750 500 250 69 368 121 185 64 421 191 866 222 97 169 232 687 138 79 156 105 354 317 165 186 271 94 163 96 313 170 655 595 0 2008 75

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(B) 2008 2007 ( ) () * 1,163,992 2,192,204 (47%) 41,839,991 55,428,888 (25%) 10,794,364 11,490,447 (6%) 53,798,347 69,111,539 (22%) * 2008 2007 ( ) () 449,520 1,496,855 (70%) 41,839,991 55,428,888 (25%) 42,289,511 56,925,743 (26%) 2008 12 31 2007 12 31 2008 12 31 2007 12 31 2008 12 31 2007 12 31 2007 2008 2008 (C) 2008 77

(D) 2008 2007 7,904,042 17,301,606 (54%) 510,532 796,724 (36%) 279,432 270,407 3% (167,449) (4,608) 3,534% 8,526,557 18,364,129 (54%) 7,904,083 17,300,191 (54%) 3,784,303 2,889,564 31% 155,977 414,202 (62%) 566,491 771,952 (27%) 12,410,854 21,375,909 (42%) 2008 2007 2008 (E) 2008 12 31 10.82 72.95 200783.77 2008 2007 2008 11.914,400 6,500 78 2008

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2008 2008 1 1 12 31 2003 5 2 8.28 1,240,000 1,240,000 2005 5 22013 5 1 2004 5 17 15.91 125,000 25,000 100,000 2006 5 172014 5 16 2005 1 26 19.25 150,000 50,000 100,000 2007 1 262015 1 25 2004 3 31 16.96 60,000 30,000 30,000 2006 3 312014 3 30 2005 1 26 19.25 100,000 50,000 50,000 2007 1 262015 1 25 2004 3 31 16.96 60,000 30,000 30,000 2006 3 312014 3 30 2005 1 26 19.25 75,000 25,000 50,000 2007 1 262015 1 25 2004 3 31 16.96 50,000 25,000 25,000 2006 3 312014 3 30 2005 1 26 19.25 80,000 40,000 40,000 2007 1 262015 1 25 2004 1 15 17.30 547,000 273,500 273,500 2006 1 152014 1 14 2005 1 26 19.25 164,000 41,000 123,000 2007 1 262015 1 25 2003 8 14 12.45 273,500 273,500 2005 8 142013 8 13 2004 3 31 16.96 50,000 25,000 25,000 2006 3 312014 3 30 2005 1 26 19.25 100,000 50,000 50,000 2007 1 262015 1 25 25% 1 2008 2008 1 1 12 31 2 3 4 2007 1 15 11,528 72.28 11,800 576 3,094 9,282 2008 12 13 2011 12 13 2008 4 7 4,200 144.18 211 4,411 2010 2 18 2013 2 18 2005 12 19 40,600 31.20 31,997 1,572 11,188 22,381 2007 12 19 2010 12 19 2007 1 15 11,911 72.28 12,199 597 3,196 9,600 2008 12 13 2011 12 13 2008 2 4 8,418 163.72 420 8,838 2009 12 12 2012 12 12 2005 12 19 24,600 31.20 19,387 951 6,779 13,559 2007 12 19 2010 12 19 2007 1 15 3,842 72.28 3,936 189 1,029 3,096 2008 12 13 2011 12 13 2008 2 4 658 163.72 40 698 2009 12 12 2012 12 12 2005 12 19 28,700 31.20 22,619 1,110 7,908 15,821 2007 12 19 2010 12 19 2007 1 15 5,048 72.28 5,170 248 1,353 4,065 2008 12 13 2011 12 13 2008 2 4 1,202 163.72 68 1,270 2009 12 12 2012 12 12 2005 12 19 22,900 31.20 18,045 882 6,308 12,619 2007 12 19 2010 12 19 2007 1 15 6,660 72.28 6,823 330 1,785 5,368 2008 12 13 2011 12 13 2008 2 4 3,623 163.72 189 3,812 2009 12 12 2012 12 12 2007 1 15 5,360 72.28 5,486 264 1,437 4,313 2008 12 13 2011 12 13 2008 2 4 1,361 163.72 72 1,433 2009 12 12 2012 12 12 2005 12 19 32,700 31.20 25,770 1,266 9,011 18,025 2007 12 19 2010 12 19 2007 1 15 8,965 72.28 9,182 448 2,406 7,224 2008 12 13 2011 12 13 2008 2 4 4,941 163.72 248 5,189 2009 12 12 2012 12 12 2007 1 15 12,490 72.28 12,785 628 3,352 10,061 2008 12 13 2011 12 13 2008 2 4 7,672 163.72 378 8,050 2009 12 12 2012 12 12 2005 12 19 32,100 31.20 25,297 1,242 8,845 17,694 2007 12 19 2010 12 19 2007 1 15 9,417 72.28 9,647 469 2,526 7,590 2008 12 13 2011 12 13 2008 2 4 5,113 163.72 260 5,373 2009 12 12 2012 12 12 102 2008

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2008 2007 5 2,803,081 3,086,250 6 711,983 688,538 1,405,202 1,577,433 496,708 627,103 673,445 678,909 7(a) 390,855 489,109 6,481,274 7,147,342 1,075,590 1,949,955 (76,415) (711,727) 8 999,175 1,238,228 7(b) 68,641 4,900 4 7,549,090 8,390,470 9 803,106 827,116 10 238,917 207,422 150,295 132,244 16,986 14,054 25,128 27,185 108,813 79,144 11(a) 163,203 11(b) 114,169 124,400 4 1,620,617 1,411,565 4 5,928,473 6,978,905 4/12 206,317 4 5,587 4/13 5,928,473 7,190,809 16(a) (799,549) (1,021,531) 40 5,128,924 6,169,278 18(a) 4.78 5.78 18(b) 4.75 5.72 2008 115

2008 2007 5,128,924 6,169,278 111,494 63,421 (54,451) (9,951) (4,678) (8,565) (8,460) 43,800 45,010 132 (70) (62) (44) 7 552 515 (58) 43,800 45,467 5,172,724 6,214,745 116 2008

34 35 36 37 38 40 2007 1 1 1,200,093 52,119 10,569 627,816 3,366,989 5,257,586 45,467 6,169,278 6,214,745 20061.19 (1,270,266) (1,270,266) 20071.79 (1,912,193) (1,912,193) 2,454 2,454 66,052 66,052 (4,879) (4,879) 8,373 (7,286) (1,087) 24,362 24,362 47 47 (560) (560) 19,013 (19,013) 67,037 (67,037) 2007 12 31 1,288,652 49,669 56,036 694,853 6,288,138 8,377,348 2008 1 1 1,288,652 49,669 56,036 694,853 6,288,138 8,377,348 43,800 5,128,924 5,172,724 20073.40 (3,646,159) (3,646,159) 20082.49 (2,673,375) (2,673,375) 2,566 2,566 66,533 66,533 (32,494) (32,494) 15,043 (12,016) (3,027) 28,179 28,179 18,800 (18,800) (3,155) (142,470) 145,625 2008 12 31 1,356,534 47,032 96,681 552,383 5,242,692 7,295,322 2008 117

2008 2007 19(a) 311,179 317,065 21 60,199 60,708 22 456,396 23 25,270 31(e) 4,429 3,610 47,172 19,177 3,207 3,212 426,186 885,438 24 8,526,557 18,364,129 21 509 509 148 25 393,202 361,506 25 843,109 1,841,508 1,236,311 2,203,014 22 19,655,161 18,790,237 22 22,184,833 36,182,526 41,839,994 54,972,763 26 3,020,035 2,996,555 23 2,581,683 3,041,737 436,896 682,174 4,755,750 4,744,711 62,397,735 87,005,740 27 64,092 62,397,735 87,069,832 25 197,520 1,252,355 25 72,319 10,810 22 41,839,991 55,428,888 22 3 271 28 12,410,854 21,375,909 26 26,254 6,149 29 83,150 85,600 392,688 375,174 141,363 687,726 30(a) 36,290 29,630 55,200,432 79,252,512 7,197,303 7,817,320 7,623,489 8,702,758 118 2008

2008 2007 25 252,000 244,500 31(e) 30,775 36,873 32(a) 19,909 19,909 30(a) 25,483 24,128 328,167 325,410 7,295,322 8,377,348 34 1,074,886 1,070,285 34 346,902 266,170 34 (65,254) (47,803) 35 47,032 49,669 36 96,681 56,036 38 552,383 694,853 40 5,242,692 6,288,138 7,295,322 8,377,348 62,823,921 87,955,270 55,528,599 79,577,922 6.79 7.83 2009 3 4 2008 119

2008 2007 19(b) 23,237 19,206 33(a) 4,156,588 4,156,588 33(d) 56,946 43,635 31(e) 4,393 3,610 720 481 3,089 3,089 4,244,973 4,226,609 24 17,434 17,136 33(b) 1,839,066 1,171,921 23 8,220 142,167 46,880 31,680 20,184 2,038,567 1,256,121 28 175,211 167,044 33(b) 32,269 522,218 24,052 12,982 30(b) 35,104 29,630 266,636 731,874 1,771,931 524,247 6,016,904 4,750,856 32(b) 11,390 11,390 30(b) 634 575 12,024 11,965 6,004,880 4,738,891 120 2008

2008 2007 34 1,074,886 1,070,285 34 346,902 266,170 35 47,032 49,669 36 111 39 2,997,115 2,997,115 40 1,538,834 355,652 6,004,880 4,738,891 6,283,540 5,482,730 278,660 743,839 5.59 4.43 2009 3 4 2008 121

2008 2007 41 5,049,315 7,648,334 (221,378) (68,727) 132,733 2,435 262 270,050 9,660 245,278 (457,677) (4,592,100) (6,232,436) 5,117,831 3,800,300 524,732 653,307 1,209,531 (2,025,261) 66,533 66,052 (32,494) (4,879) (6,281,846) (3,163,445) (6,247,807) (3,102,272) 11,039 2,520,801 1 1 4,744,711 2,223,910 12 31 4,755,750 4,744,711 534,963 1,774,729 4,220,787 2,969,982 12 31 4,755,750 4,744,711 122 2008

1. 1 12 2009 3 4 2. (a) HKFRSs HKFRSs HKASs 2008 12 31 (b) HKFRSs 3 HKFRSs 2008 HKAS 39 HKFRS 7 2008 HKFRSs 2008 123

2. (b) HKAS 39 HKFRS 7 HKAS 39 HKFRS 7 2008 7 1 HKAS 39 HKFRS 72008 HKFRSs 2008 12 31HKFRSs 2008 HKFRSs HKFRS 2 HKFRS 3 HKAS 27 HKFRS 1 HKAS 27 HK(IFRIC)-Int 17 HKFRS 2HKFRS 2 HKFRS 22008 HKFRS 3 HKAS 27 124 2008

2. (b) HKFRS 3HKAS 27 HKAS 27 HKFRS 3HKAS 27) 2008 HKFRS 1 HKAS 27 HKFRS 1 HKAS 27 HKFRS 1 HKAS 27 2008 HK(IFRIC)-Int 17 HK(IFRIC)-Int 172008 HKFRSs 2008 10 HKFRSs 2008 HKFRSs HKAS 1 HKAS 39 HKAS 28 2007 2008 125

2. (b) HKAS 38 HKAS 39 HKAS 39 2005 2005 1 1 2008 2008 12 31 HKFRSs 2008 12 31HKFRS HK(IFRIC)-Int 18 2008 2(n) 2(o) 12 2(o) 126 2008

2. (c) (ii) 20% 50% HKFRS 5 2(t) (d) (e) (i) (ii) 2(y) (iii) (iv) T+1 (v) CCASS 128 2008

2. (e) (vi) (vii) (viii) (ix) (f) (g) (i) (ii) 2008 129

2. (g) (ii) 2002 11 7HKFRS 2 2(ac) (iii) (h) 130 2008

2. (i) HKFRS 5 2(t) 25 5 5 3 5 3 2(m) 2008 131

2. (i) (j) HKIS HKIS (k) HKFRS 5 2(t) (l) 132 2008

2. (m) (n) 2(f) 12 12HKAS 39 45 2008 133

2. (n) (o) CCASS CCASS 2(f) 12 12 12 HKAS 39 45 134 2008

2. (p) (2(f)) (q) 2(r) (r) 12 12 (i) (ii) 2008 135

2. (r) (ii) (s) (i) 136 2008

2. (s) (i) 12 12 12 (ii) (iii) (iv) 2008 137

2. (s) (iv) (v) 138 2008

2. (s) (vi) 180 2008 139

2. (s) (vi) 140 2008

2. (t) (u) (i) 2(s)(i) (ii) HKAS 39 HKAS 37 (iii) (v) 2008 141

2. (w) CCASS T+1 T+1 CCASS (x) (y) (z) 142 2008

2. (z) (aa) (i) (ii) 2(s)(iv) (ab) 2008 143

2. (ac) (ad) (ae) 17 (af) 144 2008

3. (d) 4. 6 146 2008

4. 2008 (b) () ( ) ( ) ( ) ( ) ( ) 3,048,703 724,069 2,033,545 674,957 6,481,274 69,250 905,454 31,331 246 (7,106) 999,175 33,442 11,580 19,116 4,503 68,641 3,151,395 1,641,103 2,083,992 679,706 (7,106) 7,549,090 562,405 139,951 513,476 50,257 (7,106) 1,258,983 166,275 58,115 114,000 23,244 361,634 728,680 198,066 627,476 73,501 (7,106) 1,620,617 2,422,715 1,443,037 1,456,516 606,205 5,928,473 111,853 978,864 43,857 398 (7,106) 1,127,866 () (921) (69,201) (6,290) (3) (76,415) (122) (42) (7,193) (17) 7,106 (268) (46,300) (7,183) (53,206) (2,633) (109,322) (15,105) (3,401) (7,978) (1,695) (28,179) (1,613) (55) (163,255) (30) (164,953) 6,204,197 42,724,783 13,777,418 113,094 62,819,492 831,436 41,910,856 12,464,866 56,275 55,263,433 ( ) 12,711 26,283 61,288 2,701 102,983 2008 147

4. 2007 () ( ) ( ) ( ) ( ) 3,569,780 582,606 2,314,184 680,772 7,147,342 152,340 858,412 226,712 764 1,238,228 4,900 4,900 3,727,020 1,441,018 2,540,896 681,536 8,390,470 507,739 143,123 357,646 50,625 1,059,133 164,080 52,904 112,937 22,511 352,432 671,819 196,027 470,583 73,136 1,411,565 3,055,201 1,244,991 2,070,313 608,400 6,978,905 206,317 206,317 5,587 5,587 3,055,201 1,244,991 2,282,217 608,400 7,190,809 69,363 1,490,554 164,450 348 1,724,715 (4,760) (677,345) (29,598) (24) (711,727) (224) (72) (164) (31) (491) (25,961) (8,376) (43,231) (2,114) (79,682) (12,838) (2,924) (7,172) (1,428) (24,362) 52 (19) (31) (5) (3) 4,664,621 56,877,839 26,230,025 114,935 87,887,420 29,880 9,588 20,567 4,057 64,092 4,694,501 56,887,427 26,250,592 118,992 87,951,512 1,249,741 55,470,820 22,023,261 51,595 78,795,417 98,874 2,587 88,650 3,579 193,690 148 2008

4. (a) 2 (b) 2007 (c) 2008 2007 () () 62,819,492 87,951,512 148 4,429 3,610 62,823,921 87,955,270 2008 2007 () () 55,263,433 78,795,417 141,363 687,726 30,775 36,873 93,028 57,906 55,528,599 79,577,922 2008 149

4. (d) 2008 2007 () () 373,742 380,956 843 29 374,585 380,985 (e) 2008 2007 10% 5. 2008 2007 () () 2,028,480 2,452,037 774,601 634,213 2,803,081 3,086,250 150 2008

6. 2008 2007 () () () () () () () () 318,322 25,138 2,803 346,263 280,879 25,297 1,987 308,163 86,566 3,580 270,798 360,944 66,425 5,710 302,104 374,239 2,300 240 30 2,570 3,745 345 140 4,230 1,724 482 2,206 1,514 392 1,906 408,912 29,440 273,631 711,983 352,563 31,744 304,231 688,538 167,122 35,075 12,449 214,646 169,979 33,393 13,045 216,417 4,481 882 301 5,664 2,052 496 1,086 3,634 18,658 3,789 864 23,311 17,888 3,393 855 22,136 11,792 1,252 13,044 4,558 211 4,769 4,298 1,198 1,503 6,999 2,956 595 143 3,694 7,252 2,015 508 9,775 5,724 1,884 371 7,979 213,603 44,211 15,625 273,439 203,157 39,972 15,500 258,629 34,657 6,100 8,538 49,295 33,807 6,060 9,669 49,536 248,260 50,311 24,163 322,734 236,964 46,032 25,169 308,165 160,652 (20,871) 249,468 389,249 115,599 (14,288) 279,062 380,373 2008 151

7. (a) 2008 2007 () () 289,783 311,187 34,614 34,043 5,313 97,730 9,603 9,624 21,844 15,555 8,335 3,000 21,363 17,970 390,855 489,109 (b) 2008 2007 () () 27(a) 68,641 i 4,900 68,641 4,900 (i) 2007 1,100,000 20(b) 3,800,00027(c) 152 2008

8. 2008 2007 () () 564,725 1,030,736 11,573 23,092 551,568 670,887 1,127,866 1,724,715 (76,415) (711,727) 1,051,451 1,012,988 () 171 (75,191) 138,744 41,149 57,670 (24,021) 12,314 (58,063) 208,728 (57,892) 208,728 1,523 3,769 6,091 324 10,421 999,175 1,238,228 83,056 373,304 895,151 797,714 20,968 67,210 999,175 1,238,228 2008 153

9. 2008 2007 () () 713,827 748,165 35 6,506 9,779 21,673 14,583 28,179 24,362 429 259 a ORSO 60,142 53,858 529 472 803,106 827,116 (a) ORSOORSO 5% ORSO 12.5% ORSO 10% ORSO 5% 1,000 ORSO 2008 12 31 109,0002007104,000 20072008 12 31 ORSO ORSO ORSO ORSO 2008 2007 () () ORSO 2,202 5,830 154 2008

10. 2008 2007 () () 142,052 135,045 96,865 72,377 238,917 207,422 11. (a) 163,203,0002007 24(b) 154,968,000 2008 9 16 CCASS 154,968,0002008 12 31 2008 9 17 (b) 2008 2007 () () 24(b) 1,757 (71) 19(a)(iv) (12) 74 4,394 4,482 4,499 4,095 11,901 10,042 9,711 22,919 8,389 8,615 15,009 13,445 5,486 5,266 6,474 4,812 2,500 7,153 10,633 328 33,428 43,240 114,169 124,400 2008 155

12. 2007 4 7,317 CHISA 30% 270,320,000270,000 206,317,000 2007 13. 2008 2007 () () (509) (538) (2,877) (2,585) 75 (458) (410) 5 (268) (491) (104,384) (91,288) (6,009) (5,605) 82 612 (22) (167) (108,813) (79,144) 12 (74) (164,960) 71 (5) 5,932 62,709 2,367 262 206,317 324 10,421 1 (99) 156 2008

14. 2008 12 31 2007 12 31 2008 2007 () () 7,858 7,402 3,900 5,814 975 918 12,733 14,134 a 1,090 1,048 13,823 15,182 4,587 4,208 18,410 19,390 (a) (b) 2008 2007 1500,000 12 12 500,001 1,000,000 1 13,500,00114,000,000 1 15,000,00115,500,000 1 14 13 2008 157

14. (c) 20082007 12 31 ( i) (ii) () ( ) () () ( ) () () () 550 550 550 7,800 58 3,900 975 12,733 1,090 13,823 400 400 400 400 400 400 350 350 350 300 300 300 400 400 400 350 350 350 450 450 450 350 350 350 350 350 350 David M Webb iii 123 123 123 iv) 214 214 214 350 350 350 2008 4,587 7,800 58 3,900 975 17,320 1,090 18,410 ( i) (ii) () ( ) () () ( ) () () () 472 472 472 7,344 58 5,814 918 14,134 1,048 15,182 360 360 360 360 360 360 323 323 323 285 285 285 360 360 360 323 323 323 397 397 397 323 323 323 323 323 323 David M Webb iii 360 360 360 322 322 322 2007 4,208 7,344 58 5,814 918 18,342 1,048 19,390 158 2008

14. (c) (i) (ii) 18% 18% 100% (iii) 2008 5 15 (iv) 2008 6 18 15. 200714 2007 2008 2007 () () 17,865 16,999 8,123 12,237 2,192 2,082 28,180 31,318 a 4,377 3,274 32,557 34,592 (a) (b) 2007 2008 2007 6,000,001 6,500,000 1 6,500,001 7,000,000 1 7,000,001 7,500,000 1 7,500,001 8,000,000 1 8,500,001 9,000,000 1 1 10,000,001 10,500,000 1 10,500,001 11,000,000 1 4 4 2008 159

16. (a) 2008 2007 () () i 815,183 1,009,076 (152) (2,234) 815,031 1,006,842 31 (a) (15,482) 14,689 799,549 1,021,531 (i) 16.5% 200717.5% (b) 16.5% 2007 17.5% 2008 2007 () () 5,928,473 6,978,905 16.5% 2007 17.5% 978,198 1,221,308 (182,106) (202,363) 8,569 12,378 (2,061) (1,299) (3,661) (5,497) (152) (2,234) 799,549 1,021,531 160 2008

17. 2008 2007 () () 2.4920071.79 2,676,436 1,914,499 (3,061) (2,306) 2,673,375 1,912,193 a b 1.80 20073.40 1,934,795 3,638,970 (1,704) (3,592) 1,933,091 3,635,378 4,606,466 5,547,571 (a) 20073,646,159,000 4,120,000528,000 2007 12 31 11,309,0002007 12 31 (b) 18. (a) 2008 2007 5,128,924 6,169,278 1,072,223,011 1,067,236,673 4.78 5.78 (b) 2008 2007 5,128,924 6,169,278 1,072,223,011 1,067,236,673 5,325,004 10,126,864 1,146,735 1,227,308 1,078,694,750 1,078,590,845 4.75 5.72 2008 161

19. (a) () () () () () 2007 1 1 i 16,000 126,903 22,866 44,392 210,161 167,169 18,186 8,335 193,690 iii (7,524) (7,524) iv (118) (118) (558) (55,424) (11,087) (12,075) (79,144) 2007 12 31 7,800 238,648 29,965 40,652 317,065 2007 12 31 1,389,856 366,805 274,095 2,030,756 7,800 7,800 (1,151,208) (336,840) (233,443) (1,721,491) 7,800 238,648 29,965 40,652 317,065 2008 1 1 7,800 238,648 29,965 40,652 317,065 48,371 8,810 45,802 102,983 ii (52) (16) (68) iv 12 12 (312) (75,368) (13,763) (19,370) (108,813) 2008 12 31 7,500 211,599 25,012 67,068 311,179 2008 12 31 1,388,172 363,636 310,295 2,062,103 7,500 7,500 (1,176,573) (338,624) (243,227) (1,758,424) 7,500 211,599 25,012 67,068 311,179 (i) 2007 1 1 1,275,800 352,662 268,171 1,896,633 16,000 16,000 (1,148,897) (329,796) (223,779) (1,702,472) 16,000 126,903 22,866 44,392 210,161 (ii) 2008 71,636,000 68,000 2007 59,567,000 (iii) 2007 9 19 7,524,000 2007 12 31 27(b) 162 2008

19. (a) (iv) 2008 12 31 2008 12 3112,000 11(b) 2007 12 31 118,00044,000 3674,000 11(b) (v) 15,900,000200715,900,000 2008 12 31 5,691,0002007 6,327,000 (b) () () () 2007 1 1 i 12,515 4,967 17,482 4,091 5,754 9,845 (5,850) (2,271) (8,121) 2007 12 31 10,756 8,450 19,206 2007 12 31 64,111 26,679 90,790 (53,355) (18,229) (71,584) 10,756 8,450 19,206 2008 1 1 10,756 8,450 19,206 2,194 11,723 13,917 ii (12) (12) (5,419) (4,455) (9,874) 2008 12 31 7,531 15,706 23,237 2008 12 31 65,943 34,969 100,912 (58,412) (19,263) (77,675) 7,531 15,706 23,237 (i) 2007 1 1 60,080 22,806 82,886 (47,565) (17,839) (65,404) 12,515 4,967 17,482 (ii) 2008 3,795,000 12,000 2007 1,941,000 2008 163

20. 2008 2007 1 1 19,300 1,100 a (20,400) 12 31 (a) 2007 9 19 2007 12 31 27(c) (b) 2007 6 30 1,100,000 2007 12 31 7(b)(i) 21. 2008 2007 1 1 61,217 94,123 (509) (538) a (32,368) 12 31 60,708 61,217 (509) (509) 60,199 60,708 (a) 2007 9 19 2007 12 3127(d) (b) 69,659,0002007 69,659,000 164 2008

22. 2008 2007 a 3,735,254 9,741,149 38,104,737 45,687,739 41,839,991 55,428,888 324,301 243,047 16,116,617 16,491,959 3,205,408 2,508,559 8,835 3,068 b 19,655,161 19,246,633 22,184,833 36,182,526 41,839,994 55,429,159 (3) (271) 41,839,991 55,428,888 41,839,991 55,428,888 (a) 45 (b) 2008 2007 456,396 19,655,161 18,790,237 19,655,161 19,246,633 23. 2008 2007 2008 2007 160,601 2,421,082 3,067,007 8,220 2,581,683 3,067,007 8,220 25,270 2,581,683 3,041,737 8,220 2,581,683 3,067,007 8,220 2008 165