The information contained herein does not constitute an offer
to sell or the solicitation of an offer to buy the securities of
in the United States. HKSAR Government's securities may not be offered
or sold in the United States absent registration under the United
States Securities Act of 1933 or an exemption from registration.
offering of securities in the United States will be made by means
of an offering circular that can be obtained from the HKSAR Government,
and the offering circular will contain detailed information about
HKSAR Government. No money, securities or other consideration is
being solicited by this document.
The information contained herein also does not constitute an offer
to sell or a solicitation of an offer to buy HKSAR Government's
securities nor shall there be any sale of such securities in
any state or country
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of
state or country.