Listing of commodity futures products: As of February 6, 2007, with the approval of China Securities Regulatory Commission, the following types of futures products can be listed and traded in China:

Shanghai Futures Exchange: thread RB, hot coil HC, wire WR, copper CU, aluminum AL, zinc ZN, lead PB, natural rubber RU, fuel Fu, gold AU, silver AG, asphalt BU, nickel NI and tin SN.

Dalian Commodity Exchange: bean A, bean B, soybean meal M, soybean oil Y, plastic L, palm oil P, corn C, polyvinyl chloride PVC, coke J, coking coal JM, iron ore I, fiberboard FB, polypropylene PP, egg JD, rubber board BB and corn starch CS.

Zhengzhou Commodity Exchange: strong wheat WH, common wheat PM, cotton CF, white sugar SR, PTA, rapeseed oil OI, early indica rice RI, methanol ME, new methanol MA, glass FG, rapeseed RS, rapeseed meal RM, thermal coal TC, ferromanganese SF, ferrosilicon SM, late indica rice LR, japonica rice JR,

China Financial Exchange: Shanghai and Shenzhen 300 Index IF, SSE 50IH, CSI 500IC, 5-year Treasury bonds TF, 10-year Treasury bonds T.

Investment characteristics.