Hong Kong-Listed ETFs

ChinaAMC CSI 300 Index ETF (3188 HK / 83188 HK)

Management fee

0.70%(p.a.)

4549

Listing Date

17-Jun-2012

Morningstar

/5

Fund Performance

-21.95%

YTD

-20.95%

1 Year

+2.27%

3 Year

+3.4%

5 Year

+75.44%

Since Inception

As of 30-09-2022

Investment involves risks, including the loss of principle. Past performance is not indicative of future results. Before investing in the ChinaAMC CSI 300 Index ETF (the “Fund”), investor should refer to the Fund’s prospectus for details, including the risk factors. You should not make investment decision based on the information on this material alone. Please note:
· The Fund aims to provide investment result that, before fees and expenses, closely corresponds to the performance of the CSI 300 Index (the “Index”). The Fund invests in the PRC’s securities market through the Manager’s RQFII status and the Stock Connect.
· The Fund is subject to concentration risk as a result of tracking the performance of a single geographical region (the PRC) and may likely be more volatile than a broad-based fund.
· The Fund is subject to risks relating to the RQFII regime, such as change of rules and regulations, default in execution or settlement of transaction by a PRC broker or the PRC Custodian and repatriation restrictions.
· The Fund is subject to risks associated with the Stock Connect, such as change of relevant rules and regulations, quota limitations, suspension of the Stock Connect programme.
· Investing in the PRC, involve greater political, tax, economic, foreign exchange, liquidity, legal and regulatory risks.
· If there is a suspension of the inter-counter transfer of units between counters, the unitholders will only be able to trade their units in the relevant counter on the SEHK. The market price on the SEHK of units traded in different counters may deviate significantly due to different factors, as such investors may pay more or receive less when buying units traded in HKD on the SEHK than in respect of units traded in RMB and vice versa.
· As the SSE and the SZSE may be open when units in the Fund are not priced, the value of the securities in Fund’s portfolio may change on days when investors will not be able to purchase or sell the Fund’s units. Differences in trading hours between the SSE and the SZSE, and the SEHK and A-Shares’ trading bands may increase the level of premium/discount of the unit price to its NAV.
· The Fund is denominated in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. A non-RMB based investors in units are exposed to foreign exchange risk.
· The Fund is subject to securities lending transactions risks, including the risk that the borrower may fail to return the securities in a timely manner.
· Payment 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 any capital gains attributable to that original investment. Any distributions may result in an immediate reduction in the NAV per Unit of the Fund.
· The Fund is subject to tracking error risk.
· The Fund is not “actively managed” and therefore, when there is a decline in the Index, the Fund will also decrease in value.
· Generally, retail investors can only buy or sell units of the Fund on the SEHK. The trading price of the units on the SEHK is driven by market factors such as the demand and supply of the units. Therefore, the units may trade at a substantial premium or discount to the Fund’s NAV.

Product Details

Investment Objective

The investment objective of the Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI 300 Index.

Product Overview

Asset Class Equity
Listing Date 17-Jul-2012
Base Currency RMB
Net Asset Value (mil) 11,800.48
Domicile Hong Kong
Management Fee 0.70%(p.a.)
Trustee Cititrust Limited
Distribution Policy annually (usually in July), subject to Manager’s discretion

As of 30-09-2022

Intra-day Estimated NAV and Market Price ( 2,3,4,5 )

Latest Market Information ( 4,6,7,8 )

Date Last Change Change(%)
Official NAV per Unit in RMB30-09-202238.98-0.23-0.60
NAV per Unit in HKD (for reference only)30-09-202243.180.431.00
Closing Price for RMB Traded Unit30-09-202239.00-0.08-0.20
Closing Price for HKD Traded Unit30-09-202243.120.521.22

Trading Information

RMB Traded UnitsHKD Traded Units
Exchange ListingSEHK – Main BoardSEHK – Main Board
Commencement of Dealing17-Jul-201226-Oct-2012
Stock Code831883188
Trading Board Lot Size200 Units200 Units
Trading CurrencyRMBHKD
SEDOL CodeB87KV61B4LF1K8
Reuters Code83188.HK3188.HK
ISIN CodeHK0000110269HK0000123577
Bloomberg Ticker83188 HK3188 HK
Bloomberg NAV83188NAV3188NAV
Bloomberg iNAV83188IV3188IV
Bloomberg Shares Outstanding83188SHO3188SHO

Index Information ( 9 )

IndexCSI 300 Index
Index ProviderChina Securities Index Co., Ltd
CurrencyRMB
Closing Level3804.89
Change-22.25
Change (%)-0.58%
Type of IndexPrice Return

As of 30-09-2022

Participating Dealers

  • ABN AMRO Clearing Hong Kong Limited
  • Barclays Bank PLC
  • BNP Paribas Securities Services
  • BOCI Securities Ltd
  • China International Capital Corporation (Hong Kong) Limited
  • China Merchants Securities (HK) Co Ltd
  • CITIC Securities Brokerage (HK) Limited
  • Citigroup Global Markets Asia Limited
  • Credit Suisse Securities (Hong Kong) Limited
  • Goldman Sachs (Asia) Securities Limited
  • Guotai Junan Securities (Hong Kong) Limited
  • Haitong International Securities Group Limited
  • Huatai Financial Holdings (Hong Kong) Limited
  • J.P. Morgan Broking (Hong Kong) Limited
  • Korea Investment & Securities Asia Limited
  • Merrill Lynch Far East Limited
  • Mirae Asset Securities (HK) Limited
  • Morgan Stanley Hong Kong Securities Limited
  • Nomura International (Hong Kong) Limited
  • SG Securities (HK) Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • UBS Securities Hong Kong Ltd
  • Yuanta Securities (Hong Kong) Co Ltd
  • Zhongtai International Securities Limited

Market Makers

RMB Counter: HKD Counter:
Flow Traders Hong Kong Limited AP Capital Management (Hong Kong) Limited
IMC Asia Pacific Limited BNP Paribas Securities (Asia) Limited
Jane Street Asia Trading Limited DRW Singapore Pte. Ltd.
Optiver Trading Hong Kong Limited Eclipse Options (HK) Limited
Flow Traders Hong Kong Limited
Haitong International Securities Company Limited
IMC Asia Pacific Limited
Interactive Brokers Hong Kong Limited
Jane Street Asia Trading Limited
Jump Trading Pacific Pte. Ltd.
Mirae Asset Securities Co., Ltd
Optiver Trading Hong Kong Limited

Please refer to the Hong Kong Exchanges and Clearing Limited’s website at www.hkex.com.hk for the latest lists of Market Makers.

1     Data are provided by ICE Data Indices, LLC (“ICE DATA”), is used with permission. ICE DATA, its Affiliates and their respective third party suppliers (including but not limited to Factset Research System, Inc.) disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the index data and any data included in, related to, or derived therefrom. Neither ICE DATA, its Affiliates nor their respective third party suppliers shall be subject to any damages or liability with respect to the adequacy, accuracy, timeliness or completeness of the Index data or any component thereof, and the index data and all components therefore are provided on an “as is” basis and your use is at your own risk. ICE DATA, its Affiliates and their respective third party suppliers do not sponsor, endorse, or recommend China Asset Management (Hong Kong) Limited, or any of its products or services.

2     IOPV calculations are performed by ICE DATA.

3     Intra-day Market Price refers to the market price of ChinaAMC CSI 300 Index ETF on the date and at the time specified above, quoted from the Stock Exchange of Hong Kong Limited (the “SEHK”).

4     The exchange rate is not a real time exchange rate and is an assumed foreign exchange rate for reference only. The assumed foreign exchange rate is Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH).

5     The Intra-day Estimated NAV per Unit in HKD is updated during Hong Kong Stock Exchange trading hours and is calculated using the Intra-day Estimated NAV per Unit in RMB multiplied by the assumed foreign exchange rate using Tokyo Composite 3:00 p.m. Tokyo time (2:00 p.m. Hong Kong time) mid rate quoted by Bloomberg for offshore RMB (CNH) on the previous SEHK trading day. Since the Intra-day Estimated NAV per Unit in RMB will not be updated when the underlying A shares market is closed, the change in the Intra-day Estimated NAV per unit in HKD (if any) during such period is solely due to the change in the assumed foreign exchange rate.

6     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^. Please refer to the Prospectus for more information on the determination of NAV.

7     Changes of the closing price for RMB and HKD traded Units indicate the change of the closing price since previous SEHK trading day. Source of Closing Price: Bloomberg.

8     The NAV per Unit in HKD is equivalent to the relevant official NAV per Unit in RMB multiplied by the assumed foreign exchange rate of CNH to HKD as mentioned in note 4 above as of the same Dealing Day^. The official NAV per Unit in RMB and NAV per Unit in HKD will not be updated when the underlying A shares market is closed.

9     Benchmark Index returns are for illustrative purposes only and are not indicative of future results. Benchmark Index returns do not reflect any management fees, transaction costs or expenses. Change indicates the change since the last closing index level. Source: CSI, Bloomberg (see Terms and Conditions).

^ “Dealing Day” generally means a day on which (a) the SEHK and the underlying A shares market are open; and (b) the Index is compiled and published. Please refer to the Prospectus for further details in this regard.

Performance Chart

Class Currency Dealing Date NAV per unit
RMB RMB 30-09-2022 38.9841
HKD HKD 30-09-2022 43.1777

Since Launch Performance

Returns
Historical NAVs
RMB
RMB

With effect from 8 November 2021, the investment strategy of the Fund was changed. The performance of the Fund prior to 8 November 2021 was achieved under circumstances that no longer apply. Besides, China Asset  Management Co ., Ltd ceased to be the investment adviser of the Fund with effect from 25 April 2017.

Investment involves risks. 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 the base currency of the share class (or the ETF), including ongoing charges and excluding subscription and redemption fees and trading costs on SEHK (if applicable). Where no past performance is shown there was insufficient data available in that year to provide performance. Please refer to the Fund Overview section for the inception date of the share class (or the listing date of the ETF).

Holdings

Holdings Overview

Holdings Derivatives Counterparties​

Holdings Futures Contracts Holdings

Top 10 Holdings

Holdings. Weighting (%)
CSIN0300 9.99
KWEICHOW MOUTAI CO LTD-A 5.92
CONTEMPORARY AMPEREX TECHN-A 300750 2.83
PING AN INSURANCE GROUP CO-A 2.27
CHINA MERCHANTS BANK-A 2.1
WULIANGYE YIBIN CO LTD-A 1.65
LONGI GREEN ENERGY TECHNOL-A 1.46
CHINA YANGTZE POWER CO LTD-A 1.3
INDUSTRIAL BANK CO LTD 1.22
MIDEA GROUP CO LTD-A 1.22
Total 29.96

As of 30-09-2022

Holding Details

Click below button to show the details of the holdings

Holdings are subject to change. Total allocation percentages shown in the Holdings table may not equal 100% due to rounding, omissions of non-stock portions, and the inclusion of the redemption payable from the stocks. The historical data provided herein is for reference only and does not represent any future performance.

Sector Breakdown

As of 30-09-2022

Country Breakdown

As of 30-09-2022

Yield Information

There is currently no information available.

Asset Allocation

Asset Typs Weighting(%)
Financials 18.3606%
Consumer Staples 14.5965%
Industrials 14.0806%
Information Technology 12.7449%
Materials 8.346%
Consumer Discretionary 7.0915%
Health Care 7.0138%
Utilities 2.5665%
Energy 1.8808%
Real Estate 1.8182%
Communication Services 1.1731%

As of 30-09-2022

Tracking Difference & Error

Tracking Difference (TD):
Tracking difference is the return difference between the ETF and its underlying benchmark/ index over a certain period of time.

Tracking Error (TE):
Tracking error measures how consistently the ETF follows its benchmark/ index. It is the volatility (measured by standard deviation) of that return difference.

Tracking Difference / Tracking Error

Rolling 1-Year TD0.11%
Rolling 1-Year TE^0.93%
TD (2013)0.19%
TD (2014)1.25%
TD (2015)2.10%
TD (2016)0.23%
TD (2017)-0.22%
TD (2018)0.04%
TD (2019)-0.22%
TD (2020)-0.10%
TD (2021)0.11%

As of 31-08-2022

^Annualized based on the number of dealing days in the last year when daily TD is calculated

Graph for Tracking Difference

Calendar Year Performance (#)​

The FundIndex(Price Return)Index(Total Return)
2013-6.71%-7.65%-5.33%
2014+55.01%+51.66%+55.84%
2015+8.45%+5.58%+7.23%
2016-10.26%-11.28%-9.25%
2017+22.61%+21.78%+24.25%
2018-24.53%-25.31%-23.64%
2019+37.19%+36.07%+39.19%
2020+28.16%+27.21%+29.89%
2021-4.52%-5.2%-3.51%

As of 31-12-2021

# The benchmark of the ETF is CSI 300 Index.

Listing date: 17-Jul-2012.

Past performance Vs Benchmark performance

With effect from 8 November 2021, the investment strategy of the Fund was changed. The performance of the Fund prior to 8 November 2021 was achieved under circumstances that no longer apply. Besides, China Asset  Management Co ., Ltd ceased to be the investment adviser of the Fund with effect from 25 April 2017.

Investment involves risks. 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, without 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 the base currency of the share class (or the ETF), including ongoing charges and excluding subscription and redemption fees and trading costs on SEHK (if applicable). Where no past performance is shown there was insufficient data available in that year to provide performance. Please refer to the Fund Overview section for the inception date of the share class (or the listing date of the ETF).

Distribution History

Ex-Dividend Date Record Date Pay Date Currency Total Distribution Per Unit Dividend paid out of net distributable income * (RMB) Dividend paid out of capital
25-07-2022 26-07-2022 29-07-2022 RMB 0.37 100% 0%
26-07-2021 27-07-2021 30-07-2021 RMB 0.3 100% 0%
27-07-2020 28-07-2020 31-07-2020 RMB 0.38 100% 0%
25-07-2019 26-07-2019 31-07-2019 RMB 0.39 100% 0%
20-07-2018 23-07-2018 26-07-2018 RMB 0.35 100% 0%
21-07-2017 24-07-2017 27-07-2017 RMB 0.33 100% 0%
15-07-2016 18-07-2016 21-07-2016 RMB 0.3 100% 0%
17-07-2015 20-07-2015 23-07-2015 RMB 0.3 100% 0%
18-07-2014 21-07-2014 24-07-2014 RMB 0.3 100% 0%
18-07-2013 19-07-2013 24-07-2013 RMB 0.18 100% 0%

*“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 includes net realised gains (if any) based on unaudited management accounts. However, “net distributable income” does not include net unrealised gains.

The distribution paid will be at the discretion of the Manager. Distribution figures shown are past distributions declared and paid for by the Fund.

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. Distributions will be paid in Base Currency only. Unitholders may have to bear the fees and charges associated with the conversion of such distributions from HKD to USD or any other currency.

Prospectus & Documents

Factsheet
Financial Reports
Fund Brochure
Offering Documents
File name Date File Format
Factsheet - August 2022 16-09-2022 PDF >
Fund Factsheet 15-08-2022 PDF >
File name Date File Format
Brochure 10-08-2020 PDF >

Announcements & Notices

File name Date File Format
Announcement - Unaudited Semi-annual Report 2022 12-08-2022 PDF >
Announcement - Distribution Announcement 18-07-2022 PDF >
Announcement - Distribution Announcement 08-07-2022 PDF >
Announcement - 2021 Annual Report 20-04-2022 PDF >
Announcement - Switching between the Full Replication and the Representative Sampling Strategy 08-10-2021 PDF >
Announcement - Unaudited Semi-annual Report 2021 13-08-2021 PDF >
Announcement - Distribution Announcement 19-07-2021 PDF >
Announcement - Distribution Announcement 09-07-2021 PDF >
Announcement - 2020 Annual Report 21-04-2021 PDF >
Announcement - Update of delayed Net Asset Value publication 19-01-2021 PDF >
Announcement - Delay of New Asset Value publication 19-01-2021 PDF >
Announcement - Unaudited Semi-annual Report 2020 14-08-2020 PDF >
Announcement - Distribution Announcement 22-07-2020 PDF >
Announcement - Distribution Announcement 03-07-2020 PDF >
Announcement - 2019 Annual Report 22-04-2020 PDF >
Announcement - Amended and Restated Trust Deed and Update to offering documents 16-12-2019 PDF >
Announcement - Unaudited Semi-annual Report 2019 22-08-2019 PDF >
Announcement - Distribution Announcement 22-07-2019 PDF >
Announcement - Distribution Announcement 22-07-2019 PDF >
Announcement - Distribution Announcement 10-07-2019 PDF >
Announcement - 2018 Annual Report 24-04-2019 PDF >
Announcement - Unaudited Semi-annual Report 2018 27-08-2018 PDF >
Announcement - Distribution Announcement 18-07-2018 PDF >
Announcement - Distribution Announcement 06-07-2018 PDF >
Announcement - 2017 Annual Report 24-04-2018 PDF >
Announcement - Unaudited Semi-annual Report 2017 13-11-2017 PDF >
Announcement - Distribution Announcement 19-07-2017 PDF >
Supplementary Announcement - Distribution Announcement 10-07-2017 PDF >
Announcement - Distribution Announcement 05-07-2017 PDF >
Announcement - Termination of the appointment of the Investment Adviser 25-04-2017 PDF >
Announcement - 2016 Annual Report 25-04-2017 PDF >
Announcement - Shenzhen-Hong Kong Stock Connect 19-01-2017 PDF >
Announcement - Unaudited Semi-annual Report 2016 26-08-2016 PDF >
Announcement - Distribution Announcement 13-07-2016 PDF >
Announcement - Distribution Announcement 11-07-2016 PDF >
Announcement - 2015 Annual Report 27-04-2016 PDF >
Announcement - HK Tax Resident Certificate, reversal of PRC tax provision and adjustment to NAV 16-11-2015 PDF >
Announcement - Unaudited Semi-annual Report 2015 25-08-2015 PDF >
Announcement - Distribution Announcement 15-07-2015 PDF >
Announcement - Distribution Announcement 03-07-2015 PDF >
Announcement - 2014 Annual Report 22-06-2015 PDF >
Announcement - Adjustment to RQFII quota 29-05-2015 PDF >
Announcement - 2014 Annual Report 30-04-2015 PDF >
Announcement - Change to Index Methodology 13-03-2015 PDF >
Announcement - Stock Connect 12-03-2015 PDF >
Announcement - Change to (i) investment restrictions of the Sub-Funds and (ii) participating dealers 09-01-2015 PDF >
Announcement - Changes to index methodology 26-11-2014 PDF >
Announcement - Impact on the NAV of the Sub-Funds after the change in PRC tax provisioning 18-11-2014 PDF >
Announcement - Impact on the NAV of the Sub-Funds after the change in PRC tax provisioning 18-11-2014 PDF >
Announcement - PRC tax provisioning and adjustment to NAV 17-11-2014 PDF >
Announcement - Unaudited Semi-annual Report 2014 29-08-2014 PDF >
Announcement - Changes to the Trust Deed in relation to investment restrictions of the Sub-Funds 15-08-2014 PDF >
Monthly Returns 06-08-2014 PDF >
Announcement - Distribution Announcement 17-07-2014 PDF >
Announcement - Approval of Adjustment to RQFII quota and Change of RQFII quota policies 08-07-2014 PDF >
Announcement - Distribution Announcement 07-07-2014 PDF >
Announcement - Application for Adjustment to RQFII Quota 10-06-2014 PDF >
Announcement - Update on the Application Status for Adjustment to RQFII Quota 23-05-2014 PDF >
Announcement - 2013 Annual Report 30-04-2014 PDF >
Announcement - Adjustment to RQFII quota 24-04-2014 PDF >
Announcement - Update on the Application Status for Adjustment to RQFII Quota 17-04-2014 PDF >
Announcement - Adjustment to RQFII quota and change to index methodology of the Sub-Fund 04-04-2014 PDF >
Announcement - Application for Adjustment to RQFII Quota 17-03-2014 PDF >
Announcement - Changes in respect of PRC withholding tax provisioning policy of the Sub-Fund 27-01-2014 PDF >
Announcement - Adjustment to RQFII Quota 10-12-2013 PDF >
Announcement - Application for Adjustment to RQFII Quota 21-11-2013 PDF >
Announcement - Changes of the Directors of the Manager 09-10-2013 PDF >
Announcement - Unaudited Semi-annual Report 2013 30-08-2013 PDF >
Announcement - Changes to index methodology 05-08-2013 PDF >
Announcement - Distribution Announcement 16-07-2013 PDF >
Announcement - Revision of the Estimated Total Expense Ratio 21-06-2013 PDF >
Announcement - Revision of the Estimated Total Expense Ratio 20-06-2013 PDF >
Announcement - Distribution Announcement 05-06-2013 PDF >
Announcement - 2012 Annual Report 30-04-2013 PDF >
Announcement - Increase of the RQFII Quota 08-04-2013 PDF >
Announcement - Listing of Japanese Depository Receipt on Tokyo Stock Exchange 25-02-2013 PDF >
Announcement - Application for Increase of the RQFII 12-12-2012 PDF >
Announcement - Increase of the RQFII Quota and Resumption of Creation of Units 06-12-2012 PDF >
Announcement - The Full Utilisation of RQFII Quota and Suspension of Creation of Units 04-12-2012 PDF >
Announcement - Application for Increase of the RQFII Quota 26-11-2012 PDF >
Announcement - Increase of the RQFII Quota 01-11-2012 PDF >
Announcement - Addition of a new Hong Kong dollar counter 19-10-2012 PDF >
Announcement - Amendments to the Prospectus of the Sub-Fund and the Trust Deed of the Trust 10-10-2012 PDF >
Announcement - ChinaAMC CSI 300 Index ETF (Stock Code: 83188) is eligible for the TSF 03-08-2012 PDF >

FAQs

China’s A-Share market commenced in 1990 with two exchanges, namely Shanghai Stock Exchange and Shenzhen Stock Exchange, which were established on 26 November 1990 and 1 December 1990 respectively. Stocks are further divided into class A-Shares and class B-Shares, with A-Shares limited to domestic investors as well as QFIIs, RQFIIs and Stock Connect investors and B Shares available to both domestic and foreign investors. The product lines include A-Shares, B-Shares, indices, mutual funds (including exchange traded funds and listed open-end funds), fixed income products, and diversified financial derivative products (including warrants and repurchases). In terms of investor breakdown, there is an increasing number of institutional investors participating in the A-Share market since the inception, which include securities investment funds, social pension funds, qualified foreign institutional investors, insurance companies and ordinary investment institutions. However, on a daily basis, retail investors still make up for the majority of the trading volume.

Under current regulations in the People’s Republic of China (“PRC”), foreign investors can invest in the domestic securities market through certain foreign institutional investors that have obtained status as a Qualified Foreign Institutional Investor (“QFII”) or a Renminbi Qualified Foreign Institutional Investor (“RQFII”) from the China Securities Regulatory Commission (“CSRC”) and have been granted quota by the State Administration of Foreign Exchange (“SAFE”) to remit USD (in the case of a QFII) and RMB (in the case of a RQFII) into the PRC for the purpose of investing in the PRC’s domestic securities markets.

The Stock Connect is a securities trading and clearing linked programme developed by the Hong Kong Exchanges and Clearing Limited (“HKEx”), the Shanghai Stock Exchange (“SSE”), the Shenzhen Stock Exchange (“SZSE”) and the China Securities Depository and Clearing Co., Ltd. (“CSDCC”), with an aim to achieve mutual stock market access between mainland China and Hong Kong. It comprises the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect. Each of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect comprises a Northbound Trading Link and a Southbound Trading Link. Under the Northbound Trading Link, Hong Kong and overseas investors (including the Sub-Fund), through their Hong Kong brokers and securities trading service companies (in Shanghai and Qianhai Shenzhen respectively) established by the SEHK and the HKSCC, are able to trade eligible shares listed on the SSE or the SZSE by routing orders to the SSE or the SZSE (as the case may be). Under the Southbound Trading Link, eligible investors, through PRC securities firms and securities trading service companies established by the SSE and the SZSE, are able to trade eligible shares listed on the SEHK by routing orders to the SEHK.

Further information about the Stock Connect is available at the website: http://www.hkex.com.hk/eng/market/sec_tradinfra/chinaconnect/chinaconnect.htm.

RQFII A-share ETFs are RMB-denominated physical A-share ETFs developed through the RQFII investment quota granted by Mainland authorities. RQFII ETFs seek to track the performance of an A-share index by investing RMB raised outside Mainland China directly in a portfolio of A-shares. RQFII ETFs may make use of other access channels beside RQFII (such as Stock Connect) to invest in A-share market. RQFII ETFs may be traded in RMB or in dual counters (e.g. RMB and HKD).

ChinaAMC CSI 300 Index ETF is a physical RQFII, RMB denominated exchange traded fund investing directly in A-Shares. The investment objective of the Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the CSI 300 Index. In seeking to achieve the Fund’s investment objective, the Manager will primarily use a full replication strategy through investing directly in Securities included in the Index in substantially the same weightings in which they are included in the Index, through the RQFII investment quota granted to the Manager by the SAFE and the Stock Connect.

CSI 300 is a free-float adjusted, category-weighted index which measures the performance of A-Shares traded on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Index consists of the 300 stocks with the largest market capitalisation and good liquidity from the entire universe of listed A-Shares companies in the PRC. The Index is calculated and disseminated in RMB on a real-time basis and is maintained by China Securities Index Co., Ltd. The Index is quoted in RMB. The Index is a price return index. A price return index calculates the performance of the Index constituents on the basis that any dividends or distributions are not reinvested.

Further information about the Index can be obtained from the website of China Securities Index Co., Ltd at http://www.csindex.com.cn.

CSI is the Index Provider, a joint-venture established on 25 August 2005 between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, which specializes in the management of securities indices and the provision of related services.

CSI 300 is one of the most well-known A-share market indices. It is an effective proxy for the China A-share market due to its sector diversification and broad coverage. Moreover, CSI 300 is widely used in the domestic market and is the only underlying index for stock index futures in mainland China.

The constituents of the Index are reviewed every 6 months by the Index Advisory Committee, which usually meets in the end of May and November every year. The Index Constituents are adjusted according to the periodical review and any changes to the composition of the Index are implemented on the next trading day after market close of the second Friday of June and December each year.

ChinaAMC CSI 300 Index ETF is denominated in RMB. It is available for trading on the secondary market on the SEHK in both RMB and HKD under the dual counter arrangement.

ChinaAMC CSI 300 Index ETF with dual counter offers two trading counters on the SEHK (i.e. RMB counter and HKD counter) to investors for secondary trading purposes. Units traded in RMB counter will be settled in RMB and units traded in HKD counter will be settled in HKD. Nevertheless, all units are still denominated in RMB, and creation and redemption of the units of ChinaAMC CSI 300 Index ETF in the primary market are in RMB only.

Units traded on both counters are of the same class and all unit holders of both counters are treated equally. The two counters have different stock codes and different stock short names as follows: RMB counter and traded units have a SEHK stock code 83188 and a short name “CAM CSI300-R” whilst the HKD counter and traded units have a SEHK stock code 3188 and a short name “CAM CSI300”.

For more information with regard to the dual counter model on the website of Hong Kong Exchanges and Clearing Limited(“HKEx”): http://www.hkex.com.hk/Global/Exchange/FAQ/Featured/RMB-Readiness-and-Services/Dual-Tranche-Dual-Counter-Model?sc_lang=en

TSF provides a facility to enable investors who wish to buy RMB-traded shares (RMB shares) in the secondary market with Hong Kong dollars if they do not have sufficient RMB or have difficulty in obtaining RMB from other channels. With effect from 6 August 2012, the coverage of TSF was extended and the Fund is eligible for the TSF. As such the TSF is currently available to investors who wish to invest in the Fund by purchasing Units trading in RMB on the SEHK. Investors should consult their financial advisers if they have any questions concerning the TSF.

As ChinaAMC CSI 300 Index ETF is traded on the SEHK, investors can still trade the Fund units during the trading hours of SEHK even if the stock exchanges in mainland China are closed.

The Manager intends to distribute income to unitholders at least annually (usually in July) having regard to the Fund’s net income after fees and costs. All Units (whether HKD traded Units or RMB traded Units) will receive distributions in RMB only.

The Fund involves risks, including but are not limited to, investment risk, concentration risk, risk associated with the RQFII regime, the Stock Connect, the PRC, RMB currency risk, dual counter risk, PRC tax risk, trading differences risk, passive investments risk, trading error risk, reliance on market maker risk, termination risk, and those risks associated with the investment in the Fund. Please refer to the Fund’s prospectus and product key fact statement for more information.

Investing involves risk, including possible loss of principal. Investment in emerging market countries may involve heightened risks such as increased volatility and lower trading volume, and may be subject to a greater risk of loss than investment in a developed country. Please carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the relevant Fund’s prospectus. Please read the prospectus carefully before investing. ChinaAMC Funds are not sponsored, endorsed, issued, sold or promoted by their index providers (only applicable to ETFs and index funds). For details of an index provider including any disclaimer, please refer to the relevant ChinaAMC Fund offering documents.

Source: Fund performance and index data are provided by ChinaAMC and the relevant index providers (if applicable) respectively.

This website is prepared by China Asset Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.

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Private Funds

ChinaAMC(HK) is uniquely positioned in the market which enables it to leverage its extensive knowledge, research capabilities and investment experience in China to deliver a range of high-value asset management or investment advisory services to institutional clients worldwide. To bridge overseas investors with China opportunities, ChinaAMC (HK) is committed to utilize its local expertise to capture enormous investment potentials in China.

The private fund products issued and managed by ChinaAMC (HK) include Cayman Islands registered funds and Luxembourg domiciled SICAV funds*.

Browse through our website and discover our investment strategies. For private fund products information, please visit the product page by logging into your account.

* SICAV fund is an open-ended collective investment scheme common in Western Europe and may be open to public investors in certain European countries depending on its registration status.

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