Hong Kong Exchanges and Clearing Limited (HKEx) has extended the deadline for its "Naming Contest for Listed Equity Linked Instruments (ELI)" from 26 November 2002 to 6 December 2002 in order to give contestants more time for the submission of entries.
The submission deadline was extended to tie in with the 3rdHong Kong Investment Competition organised by Hong Kong Institute of Investors and sponsored by HKEx. So far, contestants for the naming contest have come both from local residents, and the Mainland including some from as far as Zhejiang China.
Contestants have submitted many imaginative and evocative ideas for the Chinese short form of "
", according to an HKEx spokesman. Several contestants suggested names that approximate the transliteration of ELI, while others highlight the equity-linked and yield-bearing features of the product. A few contestants also borrowed words from the Chinese name. HKEx welcomes local and overseas contestants to submit their ideas before the contest closes on 6 December.
HKEx has invited two industry experts, Mr Lennon Chan and Mr Ricky Tam, to help judge the contest. Together with Mr Lawrence Fok, HKEx's Deputy Chief Operating Officer, they will select the best three nominations based on several criteria including, conciseness and ease of use. The winner will receive HK$20,000, the first runner-up will receive HK$6,000 and the second runner-up will receive HK$4,000.
Contest details and entry forms are available from brokers, the reception area of HKEx's Exchange Square Office, HKSCC's Customer Service Centre at the V-Heun Building, HKSCC's Depository Counter at Vicwood Plaza and HKEx's website (http://www.hkex.com.hk). Completed entry forms can be returned by fax (2810 9712), via email (mpd@hkex.com.hk), or by post to Hong Kong Exchanges and Clearing Limited, 10/F, One International Finance Centre, Central, Hong Kong (Ref: "ELI Naming Contest").