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SECURITIES & FUTURES COMMISSION

TO THE BUSINESS EDITOR
FOR IMMEDIATE RELEASE

29 December 1999

Joint Press Release

Recent Price Movement of Listed Issuers

The Securities and Futures Commission and The Stock Exchange of Hong Kong Limited (the "Exchange") have noted that recently the market has shown a strong interest in listed issuers investing or proposing to invest in technology and internet-related businesses resulting in a surge in the price and turnover of the securities of these issuers.

It is important that investors should understand thoroughly the nature of the investment they propose to make. Investors should always study carefully the fundamentals and officially published information of any listed issuer before dealing in its securities. Investors should also exercise judgement and caution when analysing or relying on unofficial reports and market rumours which may have impact on the price and trading activity of securities.

Investors are further reminded that the price of securities can go down as well as up and that they should exercise caution in buying and selling securities, in particular securities with high volatility.


Source: Securities & Futures Commission
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