08:56     CA-HSBC @EC0507<03809> - New Listing                                

    Market participants are requested to note that dealings in the 2005       
    European Style (Cash Settlement) Call Warrants relating to existing       
    issued ordinary shares of US$0.50 each in HSBC Holdings plc issued        
    by Calyon Financial Products (Guernsey) Limited will commence at          
    9:30 a.m. today (20/01/2005) under the following particulars:-            
                                                                              
    Stock Code      Stock Short Name        Board Lot                         
    ----------      ----------------        ---------                         
    3809            CA-HSBC @EC0507         4,000 units