April 15, 2024

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CSOP to Carry CSOP STAR 50 Index ETF (inventory ticker:3109.HK) on the HKEX

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HONG KONG–(Company WIRE)–CSOP Asset Administration Minimal (“CSOP”) is proud to announce the listing of CSOP STAR 50 Index ETF (stock ticker: 3109.HK) on Hong Kong Inventory Exchange. As the first Hong Kong-mentioned ETF monitoring the newly released SSE Science and Technologies Innovation Board 50 Index (the “STAR 50 Index” or the “index”) in 2020, CSOP STAR 50 Index ETF will permit international investors to catch the expenditure possibilities brought by the quick growing significant-tech companies and strategic emerging firms that are stated in Shanghai Inventory Trade Star Marketplace (the “Star market”). With listing price at all around HKD15.6 for every unit, trading good deal of 100 and management fee of .99%, CSOP STAR 50 Index ETF will start out to trade on 10 February, 2021. Upon inception, 3109.HK has gained RMB92.3 million original investment.

Officially termed the Shanghai Inventory Exchange Science and Technology Innovation Board, the Star market is China’s solution to the Nasdaq. As 1 of Asia’s fast developing stock boards, it now includes more than 222 firms,1 with full industry price of additional than USD550 billion. It is considered the Star market will be in a solid place to draw in a great deal of listings of increasing Chinese enterprises even though US is clamping down on the listing of Chinese firms.

Towards the backdrop of the growing of enterprises of science and know-how innovation in China, STAR 50 Index tracks the 50 securities with greatest industry capitalization and excellent liquidity stated on the Star sector.2 Intended to serve China’s national tactic of science and technological know-how innovation, the index is made up of the sectors which can define the foreseeable future growth which include information and facts technological know-how, well being care, telecommunication providers, industrials, shopper discretionary and products. All the index constituent firms have edges in main technologies and delight in extensive recognition from the sector. In accordance to historical facts, the STAR 50 Index has reached returns of 4.69% due to the fact the starting of 2021 to 27 January, 2021, comparable with CSI 500 Index of 3% return. The index has a full industry capitalisation of RMB477.5 billion as of 31 December 2020. 3 The items monitoring the STAR 50 Index in domestic China has by now amassed to RMB27.4 billion as of 3 February 2021. 4

As a top ETF supervisor in Hong Kong, CSOP has presently been committed to offering ETFs/ETPs to international buyers for 9 decades. With 50 % of the top rated traded ETFs/ETPs in Hong Kong remaining from CSOP5, CSOP has presently established its brand name as a reputable ETF issuer in Hong Kong.

Melody He, Managing Director, Head of Business Growth and Product System & Methods, states “STAR 50 Index is greatly deemed as an index symbolizing effectiveness of the increasing stars in the science and technological innovation sectors in China and we are extremely happy to convey 3109.HK monitoring this index to the sector. Technology is reshaping our everyday living is an unparalleled pace. The listing of 3109.HK alongside one another with ICBC CSOP S&P New China Sectors ETF (3167.HK), CSOP Cling Seng TECH Index ETF (3033.HK), CSOP Yinhua CSI 5G Communications Theme ETF (3193.HK)6 will enable traders seize the financial investment opportunities amid the rapid-increasing China in an effortless and clear way.”

For details, together with risk elements, make sure you refer to the providing files.

About CSOP Asset Management Constrained

CSOP Asset Administration Limited (“CSOP”) was founded in 2008 as the 1st offshore asset manager set up by a regulated asset administration corporation in China. With a focused concentrate on China investing, CSOP manages general public and non-public resources, as perfectly as providing financial investment advisory products and services to Asian and world wide investors. In addition, CSOP is best acknowledged as an ETF leader in Asia. As of 31 December 2020, CSOP had US$ 10 billion in belongings beneath management.

This product has not been reviewed by the Securities and Futures Fee.

Issuer: CSOP Asset Management Constrained

Please refer to the featuring paperwork for the index service provider disclaimer.

Significant: Financial investment entails threats. Financial commitment worth might rise or fall. Previous efficiency information and facts presented is not indicative of long run effectiveness. Investors must refer to the Prospectus and the Merchandise Essential Details Statement for even more facts, such as product or service features and chance aspects. Investors should really not base on this content alone to make expense conclusions.

The CSOP STAR 50 Index ETF (the “Sub-Fund”) is a sub-fund of the CSOP ETF Collection OFC, which is a general public umbrella open up-ended fund firm recognized below Hong Kong legislation with variable money with restricted liability and segregated legal responsibility concerning sub-money. The Sub-Fund is a bodily ETF and invests mainly in China A-Shares shown on the Science and Technological innovation Innovation Board of Shanghai Inventory Exchange (the “STAR Board”) of the People’s Republic of China mainly through the Renminbi Qualified Foreign Institutional Trader standing of the Manager and/or the Shanghai-Hong Kong Stock Join. The financial investment aim of the Sub-Fund is to supply investment outcomes that, before deduction of charges and bills, carefully correspond to the functionality of the SSE Science and Technology Innovation Board 50 Index (the “Index”). The Sub-Fund is denominated in RMB.

  • The Sub-Fund is not principal certain and your investments may perhaps experience losses. There is no assurance that the Sub-Fund will obtain its investment decision goal.
  • The Index is a new index. The Sub-Fund may perhaps be riskier than other exchange traded money tracking a lot more recognized indices with longer functioning heritage.
  • Investments in the STAR Board may possibly final result in considerable losses for the Sub-Fund and its investors.
  • The Sub-Fund’s investments are concentrated in firms concentrating on technology innovation. Quite a few of the providers focusing on technological innovation innovation have a comparatively small functioning heritage. Technologies firms are typically characterised by fairly higher volatility in selling price functionality when as opposed to other financial sectors. Companies in the technological innovation sector also facial area extreme level of competition, and there may well also be considerable federal government intervention, which could have an adverse effect on income margins. Speedy variations could render obsolete the goods and companies available by these organizations. These providers are also subject matter to the dangers of decline or impairment of intellectual assets legal rights or licences, cyber safety pitfalls ensuing in unwanted legal, financial, operational and reputational implications. The worth of the Sub-Fund might be a lot more risky than that of a fund obtaining a more various portfolio of investments.
  • The Sub-Fund’s investments are concentrated in a single geographical region (i.e. mainland China) and the STAR sector. As such, it could be topic to increased volatility than broad-based cash.
  • Mainland China is viewed as an rising market place and investments in the mainland China industry may possibly be matter to higher economic, political, tax, international exchange, regulatory, volatility and liquidity pitfalls, than that in far more formulated countries. The A-Shares current market is volatile and unstable (e.g. thanks to suspension of distinct shares or govt intervention) than individuals in much more formulated markets.
  • The buying and selling price tag of the Shares on the SEHK is driven by market place factors these as the demand from customers and offer of the Shares. Consequently, the Shares may trade at a substantial quality or lower price to the Sub-Fund’s NAV.

You should observe that the higher than mentioned expenditure dangers are not exhaustive and buyers really should examine the Prospectus and the Solution Essential Facts Assertion in depth just before making any investment decision choice.


1 Resource: Shanghai Stock Trade, as of 27 January, 2021

2 Supply: China Securities Index Co.,Ltd, 27 November, 2019- 27 November, 2020

3 Supply: Bloomberg

4 Source: Bloomberg

5 Resource: Bloomberg, average everyday turnover from January 1, 2018 to December 31, 2019

6 CSOP Yinhua CSI 5G Communications Topic ETF is a feeder fund. Its grasp fund, Yinhua CSI 5G

Communication ETF, is not approved by the Securities and Futures Commission for immediate featuring to the public in Hong Kong.

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