Our Price: $105.00是多少钱？_百度知道
Our Price: $105.00是多少钱？
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105美金，人民币700多吧
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我上次220美元换了1498元RMB就是105*0？.681＝？
105.00 美元 或者105.00 加拿大元
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出门在外也不愁当前位置： &
pricelist是什么意思
中文翻译索取价格单询价可以了解卖方经营范围
例句与用法1.This pricelist is suitable for up to 200 licenses此价格表列出200套软件以内的价格2.Antivirus online or through our distributors - pricelist杀毒软件或者通过我们的批发商购买-价格表3.Please refer to the pricelist enclosed with ( in ) our letter of aug . 5请查阅8月5日去信所附的价目表。 4.The complete pricelist can be found价格表可以在5.Enclosed , please find a catalogue and current pricelist of our bicycle随信附上我方自行车的目录及最新价目单一份,请查收6.In - depth user training please refer to the relevant pricelist by contacting our consultants由专业技术人员提供培训课程收费请参考价目表，可向我们的专业顾问索取7.This is the pricelist , but it serves as a guide line only . is there anything you are particularly interested in这是价格表，但只供参考。是否有你特别感兴趣的商品？ 8.This is the pricelist , but it serves as a guide line only . is there anything you are particularly interested in这是价格表，但只供参考。表里是否有你特别感兴趣的商品？ 9.Price of product shall be decided by mutual consent of " a " and " b " and the pricelist should be attached with the contract产品的价格应该由甲方和乙方双方协商决定。合同附产品价格清单10.We are sending you our latest pricelist in compliance with your request together with our range of catalogue for your reference按照你方的要求现寄上我方最新的价格表及目录册，以供你方参考。 &&更多例句：&&1&&
相邻词汇热门词汇Apart from job opportunities, we provide you a platform for your career development. CSOP Asset Management Limited is dedicated to cultivating a harmonious corporate culture with a positive incentive system to recognize employees' contribution.
We would like to attract people who share the same vision with us. If you have the commitment to excellence, if you have a strong pursuit of achievement, if you are looking for a team that listens, if you have the ambition to build the best fund managment company in China, please join us.
Please send your resume and cover letter to our Human Resources Department.
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This is the website of CSOP Asset Management Limited ("CSOP"). We understand that our customers and website visitors are concerned about the privacy of information. We have established policies and procedures concerning the collection, use and security of your information that will help protect your privacy. This policy statement provides information on the obligations and policies of CSOP under the Personal Data (Privacy) Ordinance (the "Ordinance").
OUR CORPORATE POLICY
CSOP recognize the importance of personal data to our business and the importance of respecting the privacy rights of our clients. Therefore, we are committed to ensuring compliance with the requirements of the Ordinance. Each employee of CSOP must abide by our commitment to privacy in the handling of personal information. To further enhance confidentiality and security of all personal data, only authorized staff will be allowed to have access to the personal information collected. It is restricted to those persons who have a business need to access personal information in order to perform their job duties.
The purpose of this Statement is to establish the policies and practices of CSOP's commitment to protect the privacy of personal data and to inform you about our responsibilities and your rights under the Ordinance.
Types of Personal Data Held
There are two broad categories of personal data held by us. They are personal data relating to clients and employees of CSOP.
Personal data held by us regarding clients may include the following:-
name and address, occupation, contact details, date of birth, their identity card
current employer, nature of position, releva
details of financi and
information obtained by us in the ordinary course of the business relationship such as, investment options, account values and balances etc.
Personal data relating to employment held by us may include the following:-
name and address, contact details, date of birth and nationality of employees and their spouses and their identity card or passport numbers and place and d
additional information compiled about employees which may include records of remuneration and benefits paid to the employees, records of job postings, transfer and training, records of medical checks, sick leave and other medical claims and performance appraisal repo and
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The purposes for which personal data relating to clients may be used are as follows:-
facilitate the daily operations of the services pro
marketing investment products or services by CSOP;
maintaining statistical data and providing a database for product
marketing financial and/or investment products or services by any company/companies other than CSOP, subject to client's express p
compliance with applicable
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determining and reviewing salaries, bonuse
consideration for promotion, training, se
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Personal data held by CSOP relating to clients will be kept confidential but may be transferred to the following parties (whether within or outside the Hong Kong Special Administrative Region) for any of the purposes stated above:-
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any person to whom CSOP is under an obligation to make disclosure under the requirements of any law binding on CSOP or any of its member companies or under and for the purposes of any guidelines issued by regulatory or other authorities with which CSOP or its member companies ar
any actual or proposed assignee of CSOP or participant or sub-participant or transferee of CSOP's rights in r and
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Accuracy of Personal Data
CSOP strive at all times to ensure accuracy of all personal data collected and processed by us. In order to assist us to deliver on this pledge, please inform us immediately in the event that your personal information has been changed or you discovered that your personal information held by us is incorrect.
Your Rights
It is not a statutory requirement for you to provide personal data to us. However, we will not be able to provide you with the services and products you may require unless you provide us with the necessary personal data or information.
You have a right (i) to be informed whether we hold any o (ii) to be supplied with a copy of your p and (iii) to request correction of your personal data we hold. If you wish to access to and/or to correct any of your personal data held by us, please send your written request to the address set out below. We may, subject to the Ordinance, impose a reasonable fee for complying with a data access request.
If you do not wish your personal data to be used for direct marketing purposes, you may notify us in writing to the following address:-
Head of Legal & Compliance
CSOP Asset Management Limited,
Two Exchange Square
8 Connaught Place, Central
Upon receipt of such notice, we shall, without charge to you, cease using your personal data for direct marketing purposes.
Disclaimer
CSOP Asset Management Limited ("CSOP") is a regulated institution in Hong Kong by the Securities and Futures Commission (“SFC”). This website contains information about CSOP and the services and products offered by CSOP. The information provided on the CSOP website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject CSOP or its affiliates to any registration requirement within such jurisdiction or country. Non-Hong Kong investors are responsible for observing all applicable laws and regulations of their relevant jurisdictions before proceeding to access the information contained herein. By proceeding, you are representing that you have understood and accepted the restrictions set out in this section.
The website is prepared by CSOP and has not been reviewed by the SFC. You are advised to exercise caution and if you are in any doubt about any of the contents of the website, you should obtain independent financial and professional advice. Private Investors are advised to consult with their financial advisors, banks, or other professional advisors. Nothing herein should be construed as investment advice nor as comment on the suitability of any investment or investment service. Prospective investors should take advice from their own professional advisors before making any investment decision.
The information contained in this website is provided for reference only and does not constitute any investment advice. Past performance is not an indicative of future performance. Investment involves risk and investors may not get back the amount originally invested. Please read the relevant offering document carefully, in particular fund features and the risks involved in investing in the fund.
Nothing on this website constitutes a solicitation, invitation, recommendation or offer to purchase a product offered by CSOP or any CSOP funds or as the basis for any investment decision.
This site may include forward-looking statements which are based on CSOP's current opinions, expectations and projections. CSOP undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.
If you have accessed this site using a link from another site, CSOP do not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this site.
CSOP do not accept responsibility for any interference or damage to your own computer system, the records stored therein or those of any other person, which arises in connection with your use of this website or any linked website. A Cookies is utilized on this website. It allows your browser to check whether you have read and agreed to these terms. The Cookies does not contain any personally identifiable information. Unfortunately, if your browser is set up to reject Cookies you will not be able to see the content of this website. All copyrights reserved and its contents including all information, graphics, code, text and design in this website are owned by CSOP and should not be reproduced or distributed without its permission. These terms are governed exclusively by the laws of Hong Kong and constitute the entire agreement between you and CSOP in relation to the use of this website.
The information is current as at the date of publication but is subject to change without notice.
Disclaimer
Please read the terms and conditions below carefully.
This website does not constitute an offer or solicitation to invest in any funds in any country where such offer or solicitation is unlawful. This website is not directed to you if the laws or regulations of any country prohibit or restrict the material on this website from being made available to you, and it is not intended for any use which would be contrary to local law or regulation. You should only enter this website if you have satisfied yourself that the country in which you are based imposes no prohibitions or restrictions on the distribution of material on this website.
Distribution of any documents and the offering of shares in certain jurisdictions may be restricted by law and accordingly you are required to observe such restrictions. One of the sub-funds of China Southern Dragon Dynamic Fund, RMB High Yield Bond Fund - Euro class and USD class are currently registered for sale in Germany. For information relating to those other funds which are not required to be read by the investors in Germany. Copies of all relevant fund documentation can be obtained free of charge from the locally appointed paying and information agents. German paying and information agent: Commerzbank AG, Frankfurt, Germany.
It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. By accessing this website, you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access this website, and that you have agreed to the conditions below.
The website is issued by CSOP Asset Management Limited ("CSOP") and has not been reviewed by the Securities and Futures Commission. You are advised to exercise caution and if you are in any doubt about any of the contents of the website, you should obtain independent financial and professional advice.
Important notes for investors
The funds referred to in this website may invest in equity, fixed-income securities and/or derivatives. Each fund may have a different risk profile.
Some of the funds may invest in structured products, which may involve additional risks including, without limitation to, counterparty default risk or insolvency risk and may expose the funds to significant losses. As such, investment in such funds may not be suitable for all investors.
Some of the funds are entitled to use derivative instruments for hedging and efficient portfolio management purposes which may involve additional risks. In adverse situations, the fund's use of derivative instruments may become ineffective in hedging or efficient portfolio management and these funds may suffer significant losses.
Some of the funds may invest in emerging markets, which are subject to higher risks (for example, liquidity, political and economic risks) and higher volatility than funds investing in developed markets.
Some of the funds which invest in fixed-income securities may be subject to interest rate risk, credit risk and lower-rated and unrated instruments risk.
The value of the funds can be volatile and can go down substantially within a short period of time. It is possible that the entire value of your investment in the portfolio can be lost.
Please refer to the Prospectus for further information about the relevant funds, including their investment objectives, risk factors, and fees and charges.
General Terms and Conditions
Whilst CSOP have taken all reasonable care to ensure that the information contained in this site is accurate, current, complete, fit for its intended purpose and compliant with the relevant legislation and regulations as at the date of issue, no liability can be accepted for any errors or omissions, or for this information becoming out of date or for any direct or indirect loss arising as a result.
CSOP accept no responsibility for information contained in any other sites which can be accessed by hypertext link from these pages or for these sites not being available at all times. Please note that when you click on any external site hypertext link you will leave the CSOP site. CSOP reserve the right to suspend or withdraw access to the pages of this site without notice at any time and accept no responsibility for these pages not being available at all times.
Exclusion of Liability
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Please click the "I accept these terms" button below if you have read and understood the terms of use and contents of this website and agree to abide by its contents, otherwise, click "Decline" to leave the website.
CSOP FTSE China A50 ETF(RMB Counter Stock Code: 82822, HKD Counter Stock Code: 02822)
Performance
Tracking Difference/ Error
Distribution History
IMPORTANT INFORMATION about the CSOP FTSE China A50 ETF (the "ETF")
IMPORTANT: Investment involves risks, including the loss of principal. Investors should refer to the ETF's Prospectus and the Product Key Facts Statement for further details, including the product features and risk factors. Investors should not only base on this marketing material alone to make investment decisions. Investors should note:
The CSOP FTSE China A50 ETF (&ETF&) aims to provide investment results that, before fees and expenses, closely correspond to the performance of FTSE China A50 Index, which is an index consisting the top 50 A-Share companies by market capitalization listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. There is no assurance that the ETF will achieve its investment objective and investors may not get back part of or the entire amount they invest.
The ETF is one of the first RMB physical A-share exchange traded funds issued outside PRC to invest directly in the A-share market which is inherently a market with restricted access. Investing solely in China market may also subject the ETF to emerging market risk (such as greater economic, political, tax, foreign exchange, regulatory, volatility and liquidity risks) and concentration risk.
There is no assurance that the Manager will continue to maintain its RQFII status and make quota available for the ETF&s investment.
The market price on the SEHK of units traded in RMB and of units traded in HKD may deviate significantly due to different factors such as market liquidity, supply and demand in each counter and the exchange rate between RMB and HKD (in both onshore and offshore markets).
Investors without RMB accounts may buy and sell HKD traded units only. They will not be able to buy or sell RMB traded units and should note that distributions are made in RMB only. As such, investors may suffer a foreign exchange loss and incur foreign exchange associated fees and charges to receive their dividend.
Investors who bought units on the HKD counter may be subject to currency exchange risk as the assets of the ETF are denominated in RMB.
The liquidity and trading price of the ETF RMB traded units may be adversely affected by the limited availability of RMB outside the PRC and the restrictions on the conversion between foreign currency and RMB.
There are risks and uncertainties associated with the current Chinese tax laws applicable to investments made by an RQFII ETF. Provisions of PRC taxes may not be sufficient or may even be excessive. Any shortfall between the reserves and actual tax liabilities may have to be covered by the ETF's assets and may adversely affect the ETF's asset value.
The ETF is subject to tracking error risks due to factors such as fees and expenses of the ETF and the liquidity of the market, imperfect correlation of return and other factors such as the representative sampling strategy being used and investing in collective investment scheme under exceptional circumstances.
The units of the ETF are traded on the SEHK. Their prices on the SEHK are based on secondary market trading factors and may deviate significantly from the net asset value of the ETF and may trade at a substantial premium or discount to its NAV.
The Manager may, at its discretion, pay dividends out of capital. Payment of dividends out of capital or effectively out of the capital amounts to a return or withdrawal of part of an investor's original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the capital or effectively out of the capital of the ETF may result in an immediate reduction of the NAV per Unit.
Risk associated with the Shanghai-Hong Kong Stock Connect:
The Shanghai-Hong Kong Stock Connect is subject to quota limitations.
The Sub-Fund can only trade certain eligible stocks that are listed on the SSE through the Shanghai-Hong Kong Stock Connect.
It is contemplated that both SEHK and SSE would reserve the right to suspend Northbound and/or Southbound trading if necessary.
The securities regimes and legal systems of the Hong Kong and Shanghai markets differ significantly. Market participants may need to address issues arising from the differences on an on-going basis.
The Sub-Fund&s investments through Northbound trading under Shanghai-Hong Kong Stock Connect is not covered by the Hong Kong&s Investor Compensation Fund. Therefore the Sub-Fund is exposed to the risks of default of the broker(s) it engages in its trading in China A-Shares through the program.
Shanghai-Hong Kong Stock Connect is novel in nature, and the related regulations/rules are untested. There is no certainty as to how they will be applied, and they may change from time to time.
Please note that the above listed investment risks are not exhaustive and investors should read the ETF Prospectus in detail before making any investment decision.
Fund Objective and Investment Strategy
The investment objective of the Sub-Fund is to provide investment results that, before deduction of fees and expenses, closely correspond to the performance of the Underlying Index, namely, FTSE China A50 Index (the "Underlying Index"). There is no assurance that the Sub-Fund will achieve its investment objective.
In order to achieve the investment objective of the Sub-Fund, the Manager will adopt a full replication strategy by directly investing all, or substantially all, of the assets of the Sub-Fund in the securities constituting the Underlying Index (the "Index Securities") in substantially the same weightings (i.e. proportions) as these Index Securities have in the Underlying Index. The Manager will not use a representative sampling strategy other than in exceptional circumstances.
Intra-day Estimated NAV2 & Market Price3
Market Information 4,5
Official NAV per Unit in RMB
15 Jun, 2015
NAV per Unit in HKD**6 (for reference only)
15 Jun, 2015
Closing Price for RMB Traded Unit
15 Jun, 2015
Closing Price for HKD Traded Unit
15 Jun, 2015
**Exchange Rate of Renminbi (CNH) to Hong Kong Dollar6 quoted by Reuters:
Fund information
SEHK Listing Date
28 August 2012
Financial Year
31 December
Asset Class
Total NAV *
22,106,590,317.78
Outstanding Units *
1,575,000,000
Management Fee
Base Currency
Renminbi (RMB)
Number of Holdings
* As of 15 Jun, 2015
Underlying Index Information7
Underlying Index
FSTE China A50 Index
Index Provider
FTSE International Limited
Benchmark Level Type
Gross Price Return
Bloomberg Total Return Index
Bloomberg Price Return Index
Trading Information
HKD Traded Unit
RMB Traded Unit
Hong Kong Stock Exchange – Main Board
Hong Kong Stock Exchange – Main Board
Date of Listing / Dealing
8 November 2012
28 August 2012
Primary Exchange Time Zone
Exchange Ticker
Bloomberg Ticker
Trading Board Lot
Trading Currency
Participating Dealers8
ABN AMRO Clearing Hong Kong Limited
BNP Paribas Securities Services
BOCI Securities Limited
China International Capital Corporation Hong Kong Securities Limited
China Merchants Securities (HK) Co Limited
CIMB Securities Limited
CITIC Securities Brokerage (HK) Limited
Credit Suisse Securities (Hong Kong) Limited
Deutsche Securities Asia Limited
Goldman Sachs (Asia) Securities Limited
Guotai Junan Securities (Hong Kong) Limited
Haitong International Securities Company Limited
J.P. Morgan Broking (Hong Kong) Limited
Macquarie Bank Limited
Merrill Lynch Far East Limited
Morgan Stanley Hong Kong Securities Limited
Nomura International (Hong Kong) Limited
Oriental Patron Securities Limited
SG Securities (HK) Limited
Standard Chartered Bank (Hong Kong) Limited
The Hong Kong and Shanghai Banking Corporation Limited
UBS Securities Hong Kong Limited
Yuanta Securities (Hong Kong) Company Limited
Market Makers9
Bluefin HK Limited
Bluefin HK Limited
Commerz Securities Hong Kong Limited
Commerz Securities Hong Kong Limited
Credit Suisse Securities (Hong Kong) Limited
Credit Suisse Securities (Hong Kong) Limited
Deutsche Securities Asia Limited
Deutsche Securities Asia Limited
Haitong International Securities Company Limited
Haitong International Securities Company Limited
IMC Asia Pacific Limited
IMC Asia Pacific Limited
Nomura International (Hong Kong) Limited
Nomura International (Hong Kong) Limited
Optiver Trading Hong Kong Limited
Optiver Trading Hong Kong Limited
Standard Chartered Bank (Hong Kong) Limited
Standard Chartered Bank (Hong Kong) Limited
UBS Securities Hong Kong Limited
UBS Securities Hong Kong Limited
BNP Paribas Securities (Asia) Limited
CITIC Securities Brokerage (HK) Limited
Guotai Junan Securities (Hong Kong) Limited
China Merchants Securities (HK) Co. Limited
Yue Kun Research Limited
Citigroup Global Markets Asia Limited
Why CSOP FTSE China A50 ETF?
1. Most awards granted RMB investment product
CSOP FTSE China A50 ETF won 4 awards in "Asia Asset Management 2012 Best of the Best Awards", namely, Best RQFII Product in Hong Kong, Best RQFII ETF in Hong Kong, Best RMB Product in Asia and Best New ETF in Asia.
2. Largest and most actively traded RQFII ETF
As of 30 June, 2013, CSOP FTSE China A50 ETF is the largest (with AUM of RMB 15.3 billion) and most actively traded (with average daily turnover of RMB 0.623 billion since inception) physical ETF directly investing into China A share market. (Source: Bloomberg)
3. Tracking FTSE China A50 Index
The FTSE China A50 Index is a free float-adjusted market capitalization-weighted index compiled and published by FTSE International Limited ("FTSE"). FTSE China A50 Index is a real-time, tradable index comprising the 50 largest listed companies in China by market capitalization. The index offers an optimal balance between representativeness and liquidity for China's A-share market, including stocks listed on Shanghai and Shenzhen stock exchanges.
4. An innovative and flexible RMB investment instrument
Denominated in RMB, traded in both RMB and HKD.
5. Transparent dividend policy
Intending to distribute dividends annually having regard to the Fund's net income after fees and costs.
Why RQFII A-share ETFs instead of Synthetic A-share ETFs?
RQFII A-share ETFs
Synthetic A-share ETFs
Underlying Instruments
Physical, direct investment in China
A-share market
Synthetic, derivative instruments with
China A-share exposure
QFII / RQFII Quota Provider
ETF Manager
Various Third Parties
Derivatives Counterparty Risk
Derivatives Costs
Trading Currency
Tracking Error
Relatively Low
Relatively High
Net income after fees and costs
Distributions are contingent on synthetic
dividends paid on underlying, such as
CAAPs (China A-Share Access Products)
Performance
Year to date
Since Inception#
CSOP FTSE China A50 ETF (82822)*
CSOP FTSE China A50 ETF (2822)*
XIN9I INDEX**
Cumulative performance is calculated since the inception date on 28 Aug 2012 for RMB counter and 8 Nov 2012 for HKD counter.
Fund performance is calculated on NAV to NAV basis without dividend reinvested.
Performance of FTSE China A50 Index is calculated based on price return.
As of 30 April, 2015
CSOP FTSE China A50 ETF (total return)
FTSE China A50 Index (total return) (i.e. with dividend reinvested)
Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
The computation basis of the performance is based on the calendar year end, NAV-To-NAV, with dividend reinvested.
These figures show by how much the fund increased or decreased in value during the calendar year being shown. Performance data has been calculated in RMB including ongoing charges and excluding your trading costs on SEHK.
Where no past performance is shown there was insufficient data available in that year to provide performance.
Fund launch date: 28 August, 2012
As of 30 April, 2015
Tracking Difference / Error
Tracking Difference (TD)
Tracking difference is the return difference between an ETF and its underlying benchmark/ index over a certain period of time.
Tracking Error (TE)
Tracking error measures how consistently an ETF follows its benchmark/ index. It is the volatility (measured by standard deviation) of that return difference.
Tracking Difference
Tracking Error
31 May 2015
Fund listing Date: 28 August 2012
Rolling 1-Year TD: -2.69%
TD for calendar year %
TD for calendar year 2014: -2.69%
31 May 2015
Fund listing Date: 28 August 2012
Rolling 1-Year TE^: 0.47%
^Annualized based on the number of dealing days in the past year when daily TD is calculated
Graph for Tracking Difference
ETF's performance is calculated on an NAV to NAV basis and assumes reinvestment of distributions.
Total Net Asset Value
Number of Securities1
Securities (%)2
22,106,590,317.78
As of 15 Jun, 2015
Top 10 Sectors
As of 15 Jun, 2015
All Holdings
Exchange Ticker
Trading Exchange
Average Cost
Market Price
Shares Held
Market Value
Descending
Total records: 50
Weighting (%)
Exchange Ticker
Trading Exchange
Average Cost
Market Price
Shares Held
Market Value
Ping An Insurance (Group) Company Of China
Financials
China Merchants Bank
Financials
Citic Securities
Financials
China Minsheng Banking
Financials
Shanghai Pudong Development Bank
Financials
Industrial Bank
Financials
Industrials
Haitong Securities
Financials
Bank of Communications
Financials
Industrial and Commercial Bank of China
Financials
China Shipbuilding Industry
Industrials
China Vanke
Financials
China State Construction Engineering
Industrials
Bank of China
Financials
Kweichow Moutai
Consumer Staples
Agricultural Bank of China
Financials
China Railway Group
Industrials
Ping An Bank
Financials
Gree Electric Appliances
Consumer Discretionary
China Pacific Insurance Group
Financials
Daqin Railway
Industrials
China Petroleum & Chemical
Bank of Beijing
Financials
China United Network Communications
Telecommunication Services
Huatai Securities
Financials
China Everbright Bank
Financials
Midea Group
Consumer Discretionary
China Construction Bank
Financials
China Life Insurance
Financials
SAIC Motor
Consumer Discretionary
GF Securities
Financials
China Yangtze Power
China Railway Construction
Industrials
PetroChina
Anhui Conch Cement
Hua Xia Bank
Financials
China Shenhua Energy
Hangzhou Hikvision Digital Technology
Information Technology
China Merchants Securities
Financials
BOE Technology Group
Information Technology
Baoshan Iron & Steel
New China Life Insurance
Financials
Consumer Discretionary
Shanghai International Port
Industrials
Huaneng Power International
China Citic Bank
Financials
China Communications Construction
Industrials
Shanghai Electric Group
Industrials
Great Wall Motor
Consumer Discretionary
Beijing Xinwei Telecom Technology Group
Information Technology
As of 15 Jun, 2015
All dollar amounts are in RMB. All dates are in GMT+8 Time. Any exceptions are noted.
The "Number of Holdings" represents the number of underlying securities held by the Fund.
May include dividends booked but not yet received.
The Average Cost is the average purchasing price of each fund’s constituent stock. This is indicative and for reference purposes only.
Land Rich Companies are: BOE Technology Group, China Vanke Co., Ltd., Huaneng Power International Co. Ltd., Shanghai International Port (Group) Co., Ltd., China Yangtze Power Co., Ltd., China Oilfield Services Ltd, PetroChina Co Ltd.
Total allocation percentages shown in All Holdings table may not equal 100% due to rounding or omissions of holdings of less than 1%. Information on certain fund holdings of less than 1% may not be widely available and hence may not be included in the table of holdings shown.
Important information about Dividend out of capital / effectively out of capital
The Manager may, at its discretion, pay dividend out of capital. The Manager may also, at its discretion, pay dividend out of gross income while all or part of the fees and expenses of the ETF are charged to/paid out of the capital of the ETF, resulting in an increase in distributable income for the payment of dividends by the ETF and therefore, the ETF may effectively pay dividend out of capital.
Payments of dividends out of capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from capital gains attributed to that original investment. Any distributions involving payment of dividends out of the ETF’s capital or effectively out of capital may result in an immediate reduction in the Net Asset Value (“NAV”) per Unit.
Distribution History
Record Date
Payable Date
Dividend Per Share
Dividend Paid Out
of Net Distributable Income*
for the month
Dividend Paid Out
of Capital
RMB 0.12 per share
RMB 0.28 per share
*“Net distributable income” means the net investment income (i.e. dividend income and interest income net of fees and expenses) attributable to the relevant share class and may also include net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.
Warning: Please note that a positive distribution yield does not imply a positive return. Investors should not make any investment decision solely based on information contained in the table above. There is no guarantee of distribution. Investors should read the relevant offering document (including the key facts statement) of the fund for further details including the risk factors.
All dollar amounts are in RMB. All dates are in GMT+8 Time. Any exceptions are noted.
Prospectus
28 May, 2015
Product Key Facts
28 May, 2015
Monthly Newsletter
For request of the fund literature hardcopies, please .
All documents are in PDF format.
Announcement
Monthly Return
04 Jun, 2015May, 201509 Apr, 201505 Mar, 201505 Feb, 201507 Jan, 201504 Dec, 201406 Nov, 201408 Oct, 201404 Sep, 201405 Aug, 201403 Jul, 201405 Jun, 201407 May, 201403 Apr, 201406 Mar, 201406 Feb, 201404 Dec, 201331 Oct, 201304 Oct, 2013Sep, 201302 Aug, 201303 Jul, 201307 May, 201303 Apr, 201305 Mar, 201307 Jan, 201303 Jan, 201304 Dec, 201205 Nov, 201208 Oct, 201204 Sep, 2012
Audited Account As At 31 December 2014
CHANGE OF IMPLEMENTATION ARRANGEMENT OF
SECURITIES LENDING AND REPURCHASE TRANSACTIONS
10 Apr, 2015
Shanghai – Hong Kong Stock Connect
13 Feb, 201514 Nov, 2014
Changes to the type of Underlying Index and dividend payment month
27 Jan, 2015
Impact on the NAV in terms of actual amount after the change in PRC withholding tax provisioning
17 Nov, 2014
Impact on the NAV of the Sub-Funds after the change in PRC withholding tax provisioning
17 Nov, 2014
Change in respect of PRC withholding tax provisioning approach of the Sub-Fund
17 Nov, 2014
Change in Methodology for Compiling the Underlying Index
12 Nov, 2014
Change of Investment Strategy to permit the use of representative Sampling
22 Oct, 2014
Distribution Annoucement
17 Sep, 201422 Nov, 2013
Foreign Account Tax Compliance Act (FATCA)
30 Jun, 2014
Change in RQFII Quota Administration Policy
20 Jun, 2014
Application For Increase Of The RQFII Quota
16 Jun, 201411 Apr, 201413 Jan, 201417 Dec, 201314 Nov, 201313 May, 201312 Dec, 201208 Nov, 2012
Announcement
10 Jun, 201412 Sep, 2013
Semi Annual Unaudited Accounts as at 30 June 2014
The Increment Of RQFII Quota
09 May, 201404 Feb, 201427 Dec, 201302 Dec, 201303 Jul, 201309 May, 201306 Dec, 2012
Audited Account As At 31 December 2013
30 Apr, 2014
Change in the transaction fee of the Sub-Fund
15 Apr, 2014
Update to CSOP ETF SERIES
28 Feb, 2014
Changes in respect of PRC withholding tax provisioning approach on the gross unrealised and realised capital gains derived from trading of China A-Shares of the
17 Feb, 2014
Semi Annual Unaudited Accounts as at 30 June 2013
Trading Band Limit
09 Apr, 2013
Audited Account As At 31 December 2012
Index Methodology Change
01 Mar, 2013
Listing Of Japanese Depository Receipt On Tokyo Stock Exchange
08 Feb, 2013
The Increment Of RQFII Quota And Resumption Of Creation Of Units
02 Nov, 201211 Sep, 2012
Addition Of A New Hong Kong Dollar Counter Of CSOP FTSE CHINA A50 ETF Under Dual Counter Model
01 Nov, 2012
The Full Utilisation Of RQFII Quota And Suspension Of Creation Of Units
24 Oct, 201227 Aug, 2012
For request of the fund literature hardcopies, please .
All documents are in PDF format.
Financial Reports
Audited Accounts
Semi Annual Report
Jun, 2014Sep, 2013
For request of the fund literature hardcopies, please .
All documents are in PDF format.
(A) BASIC ETF KNOWLEDGE
What is an ETF?
An ETF is an open-ended fund that can be traded like a share on the security exchange. An index-tracking ETF is a listed collective investment scheme that aims to track the performance of the underlying index. The underlying index can be on a security market, a segment of the security market, or even bonds and securities.
What is the aim of investing in ETFs?
By investing in ETFs, investors may receive a return that replicates (usually not 100%) the performance of the index without physical ownership of the index constituent securities.
How does an ETF track the performance of its underlying index?
Tracking is usually achieved by using full replication or representative sampling, or synthetic replication strategies.
Using a full replication strategy means that an ETF will invest in the constituent securities of the underlying index in substantially the same weightings as these securities have in the index. Hence, the performance of the ETF will match the performance of the underlying index as closely as practicable.
An ETF adopting a representative sampling strategy holds a sample of securities that have similar features such as market capitalisation, industry weights and liquidity to the constituent securities of the underlying index. ETFs that use this strategy tend to have a higher risk of tracking error than those using a replication strategy.
A synthetic replication strategy means that the ETF will invest in financial derivative instruments to replicate the index performance. There are additional risks associated with such strategy that are not found in the above two strategies.
Management of ETFs
Most ETFs are passively managed by managers who will invest in the constituent securities of the underlying index according to its respective weightings in the underlying index.
When a constituent security itself or its weighting in the underlying index changes, managers are responsible for implementing the necessary adjustments to the ETF's portfolio of securities to ensure that the composition and weightings of the securities held by the ETF closely corresponds to that of the underlying index.
Market price of ETFs
The market price of each ETF unit is largely based on its net asset value (&NAV&) per unit. However, as ETF units are traded on the security exchange, there may be a disparity between the market price and the ETF&S NAV due to market forces, such as supply and demand. With the presence of the creation and redemption mechanism, such divergence should be minimal under normal circumstances.
Comparison between ETFs vs. shares vs. funds
Traditional open-ended investment funds
Trading Channel
Fund Manager or Distributor
Trading Period
Intraday during exchange trading hours
Intraday during exchange trading hours
Subscription and redemption applications before the cut-off time on the fund's dealing day
Diversification
Medium-High
Minimum Trading Size
Medium-High
How to invest in ETFs?
In Secondary Market:
An investor can invest in an ETF by simply opening an account with an authorised stock broker and start investing in an ETF in a process similar to purchasing and selling securities.
In Primary Market:
If an investor intends to invest a substantial amount in an ETF, he or she may contact one of the ETF's Participating Dealers (&PD&). The PD can assist the investor in creating ETF units with the ETF's manager, with applicable transaction fees and brokerage commission agreed upon between the investor and the PD.
What are the general investment risks?
The risks of investing in ETFs include but are not limited to the following points:
To the extent that the underlying index concentrates in the securities of a particular industry or group of industries, the performance of ETFs could be more volatile than the performance of less concentrated funds?
Like other index-tracking funds, an ETF is not actively managed meaning the manager does not have the discretion to select securities individually or to take defensive positions in declining markets. Hence, any fall in the underlying index will result in a corresponding fall in the value of the ETF. On the other hand, no assurance can be given that the performance of an ETF will be identical to the performance of the underlying index due to many factors?
Although ETF units will be listed on a security exchange, there can be no assurance that active trading in the ETF units can be maintained.
In general, an investor should consider if an investment in ETFs is a suitable investment for himself or herself in terms of his or her financial situation, investment experience and investment objectives. The investor should read the offering documents of the relevant ETF (including the full text of the risk factors stated therein) in detail before making any investment decision. It should be noted that investment involves risks (including the possibility of loss of the capital invested), that prices of ETF units may go up as well as down and past performance information is not indicative of future performance.
(B) FOCUSING ON THE CONCEPT OF RQFII ETF
What is RQFII?
RQFII is a new policy initiative of the Mainland authorities which allows qualified RQFII holders to channel RMB funds raised in Hong Kong to be invested into the PRC securities markets. RQFII holders may issue public or private fund or other investment products using their RQFII quotas. RQFII funds give retail investors access to invest in PRC securities markets as they can invest RMB directly into the PRC bond and equity markets (including the inter-bank bond and exchange-traded bond market) through the RQFII quotas. Subscriptions and redemptions of units in the fund must be settled and paid in RMB. Like other funds, RQFII funds must be authorized by the SFC before they can be marketed to the public in Hong Kong. RQFII is granted to Hong Kong subsidiaries of qualified Mainland asset management and securities firms which allows them to channel RMB raised in Hong Kong to invest in the Mainland securities markets.
What is RQFII A-share ETF?
RQFII A-share ETF is a RMB-denominated physical A-share ETF. Through the RQFII investment quota granted by Mainland authorities, an RQFII A-share ETF seeks to track the performance of an A-share index by channeling the RMB raised outside mainland China to invest directly in a portfolio of A-shares. RQFII A-share ETFs are traded on the Stock Exchange of Hong Kong (SEHK) like stocks. Like other ETFs listed on the SEHK, RQFII A-share ETFs must be authorized by the SFC before they can be offered to the investing public. Investors are reminded that they should read the EFT&s offering document) carefully to understand its key features and risks before making an investment.
Why invest in RQFII ETF?
An RQFII ETF will invest RMB solely and directly into the PRC securities markets through its RQFII quota. This means that investors are fully exposed to the RMB currency and PRC domestic securities markets. It should be noted that not all issuers of RMB funds issued in Hong Kong have the pre-approved RQFII investment quota to invest RMB directly in securities and bonds issued in the PRC. In such cases, the issuer may be able to invest in only either offshore RMB denominated investments (e.g. dim sum bonds) or in non-RMB assets.
What are the key differences between RQFII A-share ETFs and other existing RQFII retail funds currently available to Hong Kong investing public?
RQFII A-share ETFs
RQFII retail funds
RQFII quota requirement
Listing on SEHK
Underlying investment
A-shares traded in the Mainland markets
At least 80% in RMB bonds and bond funds issued in mainland China, not more than 20% in China A-shares and other equity investments
Description of the Underlying Index
The FTSE China A50 Index is a free float-adjusted market capitalisation-weighted index compiled and published by FTSE International Limited (&FTSE&) and is a real-time, tradable index comprising of the largest 50 A-Share companies by full market capitalisation. The index offers the optimal balance between representativeness and tradability for China&s A-Share market. It is a price return index and includes securities listed on both the Shanghai and Shenzhen security exchanges.
Salient terms of the CSOP A50 ETF
Investors will be informed that the minimum trading size of the CSOP A50 ETF is 200 units, that the ETF operating cost includes Management Fee, Trustee Fee and other expenses of which full details can be found in the ETF&s prospectus.
Investors will also be informed that prior to making an investment in the ETF, they will be required to consult with their stock broker or financial adviser for account set-up details to trade RMB products.
Who should invest in an RQFII ETF?
Investors who want to retain their RMB (CNH) holding and who are positive about the China A-Share market should invest in the ETF. However, investors should consider the product specific risks outlined below. Investors should also read the offering document and the product key facts statement (Product KFS) of the Fund carefully to understand the key features and risks of the RQFII fund and contact their intermediaries before making any investment.
What are the key differences in structure and trading between RQFII A-share ETFs and other A-share ETFs currently traded on the SEHK?
RQFII A-share ETFs
Other A-share ETFs
Investment strategy and replication/ tracking method
Physical full replication or representative sampling
Direct investment in the Mainland securities markets through RQFII investment quota
Invest directly in A-shares that replicate or represent the composition of the underlying A-share index
Synthetic replication
No direct investment in or holding of Mainland securities
Invest in derivative instruments to replicate the underlying index performance
Trading currency
RMB and HK dollar
Is there any specific condition on RQFII A-share ETFs that may lead to the suspension of new unit creation?
RQFII A-share ETFs may suspend the creation of new units when, among others:
the RQFII investment quota is used up, and
the RQFII holder cannot obtain additional quota in a timely manner.
In such event, the units of RQFII A-share ETFs may trade at a significant premium to their NAV.
What are the risks involved in RQFII funds in general?
The risks of investing in RQFII funds include but not limited to the following points:
RQFII regime risk
The RQFII policy and rules have only been recently announced and there may be uncertainty as to its implementation and such policy and rules are subject to change and interpretation by PRC authorities. The uncertainty and change of the laws and regulations in the PRC (including the RQFII policy and rules) may adversely impact the RQFII fund.
Risks relating to Mainland markets
The concentration of RQFII fund's investment in securities and bonds issued in mainland China may result in greater volatility than portfolios which comprise of broad-based global investments.
Investing in PRC-related companies and in the PRC markets involve certain risks and special considerations not typically associated with investment in more developed economies or markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
There are risks and uncertainties associated with the current Chinese tax laws applicable to investments made by an RQFII fund. Although some RQFII funds may have made tax provision in respect of potential tax liability that may arise from their investments, the provision may not be sufficient or may even be excessive. Any shortfall between the reserves and actual tax liabilities may have to be covered by the fund's assets and may adversely affect the fund's asset value.
Currency risk
Since an RQFII fund is denominated in RMB, Hong Kong dollar-based investors are therefore exposed to fluctuations in the RMB exchange rate against the Hong Kong dollar. Like any currency, the exchange rate of the RMB may rise or fall. The RMB is currently not freely convertible and is subject to exchange controls and restrictions.
Market/Investment risk
An RQFII fund is an investment fund product and not a bank deposit. In general, there is no guarantee of the repayment of principal or dividend payment.
The underlying investments of an RQFII fund may fall in value and therefore investment in the fund may suffer loss even if RMB appreciates.
Reliance on market maker risk
Market makers may not be as interested in making a market in ETF units denominated in RMB. Any disruption to the availability of RMB may adversely affect the capability of market makers in providing liquidity for the units of RQFII A-share ETFs. The liquidity of the ETF may be adversely affected if there is no market maker for the fund or if the market making activities are not effective.
Other specific risks from investing in the PRC:
China market risk
By investing in the China market, investors will be exposed to both emerging markets risks and risks specific to the China marker.
Any significant change in PRC&s political, social or economic policies may have a negative impact on investments in the China market and this will affect the value of the Fund. The regulatory and legal framework for capital markets and joint security companies in the PRC may not be as well developed as those of developed countries. Chinese accounting standards and practices may also deviate significantly from international accounting standards. The settlement and clearing system of the Chinese securities markets may not be well tested and as such, may be subject to increased risks of error or inefficiency.
As the number of PRC securities and their combined total market value are relatively small compared to more developed markets, investments in these securities may be subject to increased price volatility and lower liquidity. The PRC securities market has in the past experienced substantial price volatility, and there is no assurance that such volatility will not occur in future.
Investors should also be aware that changes in the PRC taxation legislation could affect the amount of income which may be derived and the amount of capital returned from an investment into a RQFII ETF.
Foreign exchange control risk
The PRC government may also impose restrictions on the repatriation of RMB out of China. This will in turn limit the depth of the RMB market in Hong Kong, thus reducing the liquidity of the Fund. The Chinese government&s policies on exchange control and repatriation restrictions are also subject to changes which may affect the fund&s positions.
Government intervention and restrictions risk
The operation and market making activities of RQFII A-share ETFs may be affected by interventions by the governments and regulators in the financial markets, such as an imposition of trading restrictions, a ban on &naked& short selling or the suspension of short selling for certain stocks.
(C ) CROSS-BORDER KNOWLEDGE
How is the CSOP A50 ETF a cross-border ETF?
The CSOP A50 ETF aims to track the performance of the underlying index by directly investing in the constituent securities of the underlying index which are solely A-Shares. However, the ETF itself is listed on the Hong Kong Exchanges and Clearing Limited. A cross-border flow of money will thus occur in the investment process.
Brief description of the A-share market:
The PRC has two security exchanges - the Shanghai Security Exchange (&SSE&) which was established in November 26, 1990 and the Shenzhen Security Exchange (&SZSE&) which was established in December 1, 1990.& The two exchanges are under the direct management of the CSRC. The main functions include providing premises and facilities for securities trading, developing the business rules of the exchanges, organising and supervising securities trading and regulating exchange members and listed companies amongst others.
Since establishment, both the SSE and SZSE have made great achievements in terms of the quantity and types of products listed on them. Currently listed products include A-Shares, B-Shares, funds and bonds. As of May 31, 2012, the number of listed companies amounted to 2412, of which 933 were listed in Shanghai and 1479 were listed in Shenzhen. The combined market capitalization of both the SSE and SZSE amounts to 23.9 trillion Yuan.
Differences between the A-Share and H-Share markets
Trading Hours:
The A-share market opens at 09:30 and closes at 11:30 for the morning trading session. The afternoon trading session opens at 13:00 and closes at 15:00.
The Hong Kong Security Exchange opens at 09:30 and closes at 12:00 for the morning trading session. The afternoon session opens at 13:00 and closes at 16:00.
The A-share and Hong Kong markets also have a different holiday schedule.
&T+ 0& vs. &T+1& Trading Rule:
The A-share market has the T+1 trading rule which means a security bought on T day can only be sold on T+1. Short-selling is prohibited with an exception made for instruments covered by a pilot program. No such rule exists in the Hong Kong market, save that short-selling is only permitted in securities which meet certain requirements.
Settlement cycle:
The A-share market settles on a T+1 basis, while the Hong Kong market settles on a T+2 basis.
CNH vs. CNY
Following the introduction of a series of policies by the PRC authorities, a RMB market outside the PRC has developed and has expanded rapidly since 2009. RMB traded outside the PRC is often referred as &offshore RMB& or &CNH&. In contrast, RMB that is traded in the PRC is often referred to as &onshore RMB& or &CNY&.
Both onshore and offshore RMB are the same currency but are traded in different markets. Since the two RMB markets operate independently, with much restriction placed on the flow between them, both onshore and offshore RMB are traded at different rates. Due to the strong demand for CNH, CNH was previously traded at a premium compared to CNY, although occasional discounts are observed. The relative strength of both the onshore and offshore RMB may change significantly within a short period of time.
Cross Border Investment Risks
Offshore RMB/CNH market risk
Although it is expected that the offshore RMB market will continue to grow in depth and size, its growth is subject to many constraints as a result of PRC laws and regulations on foreign exchange. There is no assurance that new PRC regulations or arrangements will not be promulgated, terminated or amended in the future which will have the effect of restricting the availability of offshore RMB. The limited availability of RMB outside the PRC may affect the liquidity of the CSOP A50 ETF.
Offshore RMB/CNH Remittance Risk
The RMB is currently not freely convertible and is subject to exchange control imposed by the PRC government. There is no assurance that new PRC regulations will not be promulgated in the future which have the effect of restricting or eliminating the remittance of RMB into or outside the PRC. Such an event could have a severe adverse effect on the operations of the CSOP A50 ETF.
Risks relating to RMB trading and settlement of units
It is likely that not all intermediaries are prepared to carry out trading and settlement of RMB-denominated securities. In addition, the liquidity and trading price of the units of RQFII A-share ETFs may be adversely affected by the limited availability of RMB outside mainland China and the restrictions on the conversion between foreign currency and RMB.
Although the SEHK has launched the RMB Equity Trading Support Facility (TSF) to enable investors who have insufficient RMB to buy RMB-traded shares, the TSF only supports secondary trading of RMB shares currently and not other types of securities. Therefore, investors cannot use this facility to buy RQFII A-share ETFs.
Trading differences risk
While A-shares are subject to trading bands which restrict increases and decreases in the trading price, trading of RQFII A-share ETFs listed on the SEHK is not subject to such restrictions. This difference may affect the level of premium or discount of the trading price of the ETF's units to its NAV.
Mainland brokerage risk
Only one brokerage can be appointed for each market (the Shenzhen Stock Exchange and the Shanghai Stock Exchange) to execute transactions (i.e. trading of A-shares) for the RQFII A-share ETF in mainland China. As such the RQFII A-share ETF will rely on only one brokerage for each market, which may be the same brokerage. If the manager of the RQFII A-share ETF is unable to use its designated brokerage in mainland China, the operation of the RQFII A-share ETF will be adversely affected and may cause the units of the RQFII A-share ETF to trade at a premium or discount to the RQFII A-share ETF's NAV or the RQFII A-share ETF may not be able to track the underlying index.
Reliance on parent company risk
The manager of RQFII A-share ETFs may not be experienced in managing ETFs and may heavily leverage on the expertise and systems of its Mainland parent company to support the RQFII A-share ETF's investments in the A-share markets. Any disruption in the assistance from the Mainland parent company may adversely affect the operations of the RQFII A-share ETF.
Risks in light of the cross-border nature of the CSOP A50 ETF
The CSOP A50 ETF is subject to operational and settlement risks due to its cross-border nature. Operational risks may also be present in the form of communication and trading systems failure. As the CSOP A50 ETF transacts in the China A-Share market, the CSOP A50 ETF may also be exposed to cross-border settlement risks. This may affect the ability to ascertain the value of the CSOP A50 ETF&s portfolio and this may adversely affect the CSOP A50 ETF.
Disclaimer
This website is owned and managed by CSOP Asset Management Limited (“CSOP”). CSOP reserves the right to change, modify, add or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.
The performance figures contained on this website are for informational purposes only. Past performance is not indicative of future performance. Investments involves risks and the ETF's NAV per unit may rise as well as fall. Persons interested in investing in the ETF should read the relevant fund offering documents (including the full text of the risk factors stated therein) in detail before making any investment decision.
This website has been prepared by CSOP and has not been reviewed by the Securities and Futures Commission.
An ETF using a full replication strategy generally aims to invest in all constituent stocks/assets in substantially the same weightings as its benchmark.
Intra-day Estimated NAV per unit Calculations are performed by Sumscope. The near real time estimated NAV per unit in HKD is updated during Hong Kong Stock Exchange trading hours,. It is indicative and for reference purpose only. The near real time estimated NAV per unit in HKD uses a real time HKD:CNH foreign exchange rate - it is calculated using the near real time estimated NAV per unit in RMB multiplied by a real time HKD:CNH foreign exchange rate provided by Sumscope when the SEHK is opened for trading. The near real time estimated NAV per unit in HKD is updated every 15 seconds throughout the SEHK trading hours. Since the estimated NAV per unit in RMB will not be updated when the underlying A-Shares market is closed, the change in the estimated NAV per unit in HKD (if any) during such period is solely due to the change in the foreign exchange rate.
Market prices are provided on a 20-minute delayed basis by Sumscope.
Performance is calculated on NAV to NAV basis in RMB and assumes dividend will not be reinvested. Change of the official NAV per Unit in RMB and change of the NAV per Unit in HKD indicate the change of the NAV per Unit since previous Dealing Day where both the SEHK and the underlying A-Shares market are open for normal trading. Refer to the Prospectus for more information on determination of Net Asset Value. Source of NAV per Unit in RMB: HSBC Institutional Trust Services (Asia) Limited.
Change of the closing price in RMB and HKD traded units indicate change of closing price since previous SEHK trading day. (Source: Bloomberg)
The last closing NAV per Unit in HKD is indicative and for reference purpose only and is calculated using the last closing NAV per Unit in RMB multiplied by an assumed foreign exchange rate using the CNH fixed offshore RMB (“CNH”) exchange rate quoted by Reuters at 3:00 p.m. (Hong Kong time) as of the same Dealing Day. When the underlying A shares market is closed, the official last closing NAV per unit in RMB and NAV per unit in HKD will not be updated. Dealing Day means each business day on which both SEHK and the underlying A shares market are open for normal trading.
Index returns are for illustrative purposes only and should not be taken as an indication or guarantee of future performance. Management fees, transaction costs or other expenses are not reflected in index returns. Change indicates the change since the previous business day's closing index level. (Source: FTSE, Reuters).
Additional Participating Dealer(s) will be appointed from time to time.
Additional Market Maker(s) will be appointed from time to time.
Disclaimer
This website is owned and managed by CSOP Asset Management Limited (“CSOP”). CSOP reserves the right to change, modify, add or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.
The performance figures contained on this website are for informational purposes only. Past performance is not indicative of future performance. Investment involves risks and the ETF's NAV per unit may rise as well as fall. Persons interested in investing in the ETF should read the relevant fund offering documents (including the full text of the risk factors stated therein) in detail before making any investment decision.
This website has been prepared by CSOP and has not been reviewed by the Securities and Futures Commission.
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