2007 Interim Report

	Hang Seng FTSE/Xinhua China 25 Index ETF (02838)

Manager's Report Investment Portfolio Statement of Movements in Portfolio Holdings Statement of Assets and Liabilities Distribution Disclosure Performance of the FTSE/Xinhua China 25 Index and Hang Seng FTSE/Xinhua China 25 Index ETF Hang Seng FTSE/Xinhua China 25 Index ETF-Comparison of Daily Closing Price and Net Asset Value per Unit FTSE/Xinhua China 25 Index Constituent Stock Disclosure Report on Investment Overweight in Constituent Stocks of the FTSE/Xinhua China 25 Index by the Fund Management and Administration