Hong Kong Regulations

SECURITIES AND FUTURES (PRICE STABILIZING) RULES - SECT 11

Limits on pricing in stabilizing action

(1) Subject to subsection (2), the stabilizing manager shall not, in the
course of any primary stabilizing action taken in respect of any
relevant securities, make any bid or effect any transaction in relation to the
relevant securities at a price exceeding, where the bid or transaction is made
or effected at a time or in the circumstances specified in column 2 of
Schedule 2, the price specified in column 3 of that Schedule opposite the time
or circumstances so specified.

(2) The prohibition in subsection (1) does not apply to any stabilizing action
taken in respect of debt securities.