09:10     <02580>,<02581>,<02584> & <02585> - Announcement                    

                                                                              
    The Stock Exchange of Hong Kong Limited takes no responsibility for       
    the contents of this announcement, makes no representation as to its      
    accuracy or completeness and expressly disclaims any liability            
    whatsoever for any loss howsoever arising from or in reliance upon        
    the whole or any part of the contents of this announcement                
                                                                              
    NOTICE                                                                    
                                                                              
    Issuer: The Government of the Hong Kong Special Administrative            
    Region of the People's Republic of China NOTICE IS HEREBY GIVEN to        
    the holders of the Retail Bonds and Notes the interest amount payable     
    on 24 January 2005:                                                       
                                                                              
    Tranche                                      Interest Amount              
    Tranche A HKD2,550,000,000     HKD531.04 per HKD50,000                    
    2.13% Retail Bonds due                                                    
    2006                                                                      
    Tranche B HKD2,700,000,000     HKD842.68 per HKD50,000                    
    3.38% Retail Bonds due                                                    
    2008                                                                      
    Class A1 HKD3,500,000,000      HKD9,503.42 per HKD500,000                 
    3.75% Notes due                                                           
    2009                                                                      
    Class A2 HKD1,500,000,000      HKD12,988.01 per HKD500,000                
    5.125% Notes due                                                          
    2019                                                                      
                                                                              
                                                                              
                                                                              
    Calculation Agent                                                         
    Bank of China (Hong Kong) Limited                                         
    20 January 2005 Issued by Bank of China (Hong Kong) Limited