08:57     KC-HSBC@EC0507C<03791> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settled) Call Warrants relating to existing issued   
    ordinary shares of US$0.50 each of HSBC Holdings plc issued by KBC        
    Financial Products International Ltd. will commence at 9:30 a.m. on       
    Friday, 14/01/2005 under the following particulars:-                      
                                                                              
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3791            KC-HSBC@EC0507C         4,000 units