CSOP Bloomberg Barclays China Treasury + Policy Bank Bond Index ETF
(RMB Counter Stock Code:83199, HKD Counter Stock Code:3199, USD Counter Stock Code:9199)

IMPORTANT INFORMATION about the CSOP Bloomberg Barclays China Treasury + Policy Bank Bond Index ETF

IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this website alone to make investment decisions.

CSOP Bloomberg Barclays China Treasury + Policy Bank Bond Index ETF (the “Sub-Fund”) is a “physical” ETF meaning it will invest directly in RMB denominated and settled fixed-rate bonds issued by the Ministry of Finance of the PRC, the China Development Bank, the Agricultural Development Bank of China or the Export-Import Bank of China and distributed within the PRC (the “Treasury Bonds and Policy Bank Bonds”) through the Manager’s status as a Renminbi qualified foreign institutional investor (“RQFII”), and/or via the initiative for mutual bond market access between Hong Kong and Mainland China (“Bond Connect”).
The Sub-Fund is subject to risk associated with debt securities, such as credit / counterparty risk, interest rate risk, volatility and liquidity risk, downgrade risk, sovereign debt risk, valuation risk, credit rating risk and credit agency risk.
The Sub-Fund is an investment fund. There is no guarantee of the repayment of principal. Therefore your investment in the Sub-Fund may suffer losses.
It should be noted that RMB is not a freely convertible currency as it is subject to foreign exchange control policies of the PRC government. Any devaluation of the RMB could adversely affect the value of investors’ investments in the Sub-Fund. Investors whose base currency is not the RMB may be adversely affected by changes in the exchange rates of the RMB.
Investing in the PRC, involves a greater risk of loss than investing in more developed markets due to, among other factors, greater political, social, tax, economic, foreign exchange, liquidity and regulatory risks; exchange rate fluctuations and exchange control; less developed settlement system; governmental interference; the risk of nationalisation and expropriation of assets. The Index tracks the performance of a single geographical region, namely the PRC and is concentrated in bonds of a single issuer. The NAV of the Sub-Fund is therefore likely to be more volatile than a more broad-based fund, such as a global bond fund, as the Index is more susceptible to fluctuations in value resulting from adverse changes in the financial condition of the PRC government and changes in economic or political conditions which affect the PRC.
In the event of any default of the PRC Custodian (directly or through its delegate) in the execution or settlement of any transaction or in the transfer of any funds or securities in the PRC, the Sub-Fund may encounter delays in recovering its assets which may in turn adversely impact the NAV. Repatriations by RQFIIs in respect of an investment fund such as the Sub-Fund conducted in RMB are permitted daily and are not subject to any lock-up periods or prior approval. There is no assurance, however, that PRC rules and regulations will not change or that repatriation restrictions will not be imposed in the future. The Sub-Fund will utilize the Manager’s RQFII quota. In the event the quota is reached and the Manager is unable to acquire additional RQFII quota, the Manager may have to increase its reliance on Bond Connect, and its ability to achieve its investment objective could be negatively affected.
Investing in the PRC inter-bank bond market via Bond Connect is subject to regulatory risks and various risks such as volatility risk, liquidity risk, settlement and counterparty risk as well as other risk factors typically applicable to debt securities. The relevant rules and regulations on investment in the PRC inter-bank bond market via Bond Connect are subject to change which may have potential retrospective effect. In the event that the relevant PRC authorities suspend account opening or trading on the PRC inter-bank bond market or trading through Bond Connect, the Sub-Fund’s ability to invest in the PRC inter-bank bond market will be adversely affected. Where a suspension in the trading through Bond Connect is effected, the Sub-Fund’s will have to increase its reliance on RQFII, and its ability to achieve its investment objective could be negatively affected.
There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains and other income realised or received by the Sub-Fund on its investments in the PRC (which may have retrospective effect). After careful consideration of the Manager’s reassessment and having taken and considered independent professional tax advice and in accordance with such advice, the Manager decided that no withholding provision will be made on the gross unrealised and realised capital gains derived from disposal of PRC Securities. It is possible that the applicable tax laws may be changed, that the PRC tax authorities may hold a different view as to the enforcement of the PRC withholding tax collection on capital gains. In such case the Sub-Fund will bear the actual tax liabilities as no tax provision has been made. This may have an adverse impact to the Sub-Fund’s NAV. In this case, existing and subsequent investors will be disadvantaged as they bear for a disproportionately higher amount of tax liabilities as compared to the liability at the time of investment in the Sub-Fund.
Not all stockbrokers or custodians may be ready and be able to carry out trading and settlement of the RMB traded Units. The limited availability of RMB outside of the PRC may also affect the liquidity and trading price of the RMB traded Units.
If there is a suspension of the inter-counter transfer of Units among the HKD counter, the RMB counter and the USD counter for any reason, investors 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 HKD or USD may deviate significantly from the market price on the SEHK of Units traded in RMB due to different factors, such as market liquidity, supply and demand in each counter and the exchange rate between the RMB and the HKD (in both the onshore and the offshore markets) and the USD. As such investors may pay more or receive less when buying or selling Units traded in HKD or USD on the SEHK than in respect of Units traded in RMB and vice versa. Investors without RMB accounts or USD accounts may buy and sell HKD traded Units only. Such investors will not be able to buy or sell RMB traded Units or USD 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. Not all brokers and CCASS participants may be familiar with and able to buy Units in one counter and to sell Units in another or to carry out inter-counter transfers of Units or to trade different counters at the same time. This may inhibit or delay an investor dealing in HKD traded Units, RMB traded Units and USD traded Units and may mean an investor can only trade in one currency.
The Sub-Fund only holds a representative sample of securities that represents the profile of the Index and may invest in bonds not included in the Index. It is therefore possible that the Sub-Fund may be subject to larger tracking error than other traditional ETFs that fully replicates the Index.
The Sub-Fund is not actively managed and will not adopt any temporary defensive position against any market downturn. Therefore when there is a decline in the Index, the Sub-Fund will also decrease in value. Investors may suffer significant losses accordingly.
Generally, retail investors can only buy or sell Units on SEHK. The trading price of the Units on SEHK is subject to market forces and may trade at a substantial premium or discount to the NAV per Unit.
Although the Manager will ensure that at least 1 market maker will maintain a market for Units traded in each counter and that at least 1 market maker for each counter gives not less than 3 months’ prior notice before termination of relevant market making under the market maker agreement, liquidity in the market for the Units may be adversely affected if there is no market maker for the RMB and the HKD traded Units. It is possible that there is only 1 market maker to each counter or the Manager may not be able to engage a substitute market maker within the termination notice period of the market maker, and there is also no guarantee that any market making activity will be effective.
The Manager may, at its discretion, pay dividends out of capital. The Manager may also, at its discretion, pay dividends out of gross income while all or part of the fees and expenses of the Sub-Fund are charged to/paid out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore, the Sub-Fund may effectively pay dividends out of the 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 Sub-Fund may result in an immediate reduction of the NAV per Unit.
As a result of the change in index on June 24, 2019, past performance of the Sub-Fund prior to such date was achieved under circumstances that no longer apply. Investors should exercise caution when considering the past performance of the Sub-Fund prior to June 24, 2019.
The Sub-Fund may be terminated early under certain circumstances, for example, where the Index is no longer available for benchmarking or if the size of the Sub-Fund falls below RMB150 million. Investors should refer to “Termination” in the Prospectus for further details.
On June 24, 2019, the underlying index of the Sub-Fund was changed from ChinaBond 5-year Treasury Bond Index (the “Previous Index”) to Bloomberg Barclays China Treasury + Policy Bank Index. The rebalancing of assets held by the Sub-Fund as a result of the change of underlying index is anticipated to take place over a period of 5 trading days (the “Rebalancing Period”). During the Rebalancing Period, holdings of the Sub-Fund will be rebalanced from constituents of the Previous Index to constituents of the Index. Although there is a high degree of correlation between the Previous Index and the Index, the Manager considers there is a risk that the tracking error and tracking difference of the Sub-Fund during the Rebalancing Period may increase. Investors who deal with Units of the Sub-Fund during the Rebalancing Period should exercise caution.

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 Sub-Fund aims to provide investment results that, before fees and expenses, closely correspond to the performance of the Bloomberg Barclays China Treasury + Policy Bank Index (the “Index”).
The Sub-Fund adopts a representative sampling strategy to achieve its investment objective. A representative sampling strategy involves investing in a representative sample of securities that collectively has an investment profile that reflects the profile of the Index.
It is intended that the Sub-Fund will invest up to 100% of its net asset value (“NAV”) in the Treasury Bonds and Policy Bank Bonds included in the Index through the RQFII investment quota granted to the Manager by the State Administration of Foreign Exchange (the “SAFE”) and/or the Bond Connect.

Intra-day Estimated NAV 1 & Market Price 2

Market Information 3, 4

  Date Last Change 4 Change (%) 4
Official NAV per Unit in RMB 5 - - - -
NAV per Unit in HKD **5 (for reference only) - - - -
NAV per Unit in USD (for reference only) - - - -
Closing Price for RMB Traded Unit - - - -
Closing Price for HKD Traded Unit - - - -
Closing Price for USD Traded Unit - - - -

**Exchange Rate of Renminbi (CNH) to Hong Kong Dollar:5 is provided by Thomson Reuters.

Fund Information

SEHK Listing Date 19 February 2014
Financial Year 31 December
Asset Class Fixed Income
Domicile Hong Kong
Total NAV (RMB) -
Outstanding Units -
Management Fee 0.49%
Ongoing Charges Over A Year # 1.17%
Base Currency Renminbi (RMB)

# The ongoing charges figure is based on expenses for the year ended 31 December 2018. This figure may vary from year to year. It represents the ongoing expenses chargeable to the Sub-Fund expressed as a percentage of the Sub-Fund’s average NAV.

Underlying Index Information 6

Underlying Index Bloomberg Barclays China Treasury + Policy Bank Index
Index Provider Bloomberg Index Services Limited
Currency RMB (CNY)
Benchmark Level Type Total Return
Bloomberg Total Return Index I32561CN

Trading Information

  HKD Traded Unit RMB Traded Unit USD Traded Unit
Exchange Hong Kong Stock Exchange – Main Board Hong Kong Stock Exchange – Main Board Hong Kong Stock Exchange – Main Board
Date of Listing / Dealing 19 February 2014 19 February 2014 19 February 2014
Primary Exchange Time Zone GMT+8 GMT+8 GMT+8
Exchange Ticker 3199 83199 9199
Bloomberg Ticker 3199 HK 83199 HK 9199 HK
ISIN HK0000182987 HK0000182979 HK0000406923
Trading Board Lot 20 Units 20 Units 20 Units
Trading Currency HKD RMB USD

Participating Dealers 6

ABN AMRO Clearing Hong Kong LimitedNomura International (Hong Kong) Limited
China Merchants Securities (HK) Co., LimitedSG Securities (HK) Limited
Goldman Sachs (Asia) Securities LimitedUBS Securities Hong Kong Limited
KGI Asia LimitedYuanta Securities (Hong Kong) Company Limited
Merrill Lynch Far East LimitedChina Industrial Securities International Brokerage Limited
Hongkong and Shanghai Banking Corporation Limited

Market Makers 7

HKD RMB USD
Optiver Trading Hong Kong Ltd.Optiver Trading Hong Kong Ltd.Optiver Trading Hong Kong Ltd.
1. IOPV Calculations are performed by CSOP. The near real time estimated Net Asset Value per Unit in HKD, and the last closing Net Asset Value per unit in HKD, are indicative and for reference only. The near real time estimated Net Asset Value per Unit in HKD is updated during SEHK trading hours. The near real time estimated Net Asset Value per Unit in HKD uses a real time HKD:RMB foreign exchange rate - it is calculated using the near real time estimated Net Asset Value per Unit in RMB multiplied by a real time HKD:CNH foreign exchange rate providing by Reuters when the SEHK is open for trading.
2. Market prices are provided on a 20-minute delayed basis by Reuters.
3. Performance is calculated on NAV to NAV basis in RMB and assumes dividend will be reinvested, although the fund intends to make quarterly distribution. 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 which market(s) are opened 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.
4. Change of the closing price in RMB and HKD traded units indicate change of closing price since previous SEHK trading day.
5. 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. Dealing Day means each Business Day during the continuance of the CSOP China Treasury Bond ETF, and/or such other day or days as the Manager may from time to time determine with the approval of the Trustee. The last closing NAV per unit in RMB will not be updated when the interbank bond market is closed, the change to estimated NAV per Unit in HKD (if any) during such period is solely due to the change in the foreign exchange rate.
6. Additional Participating Dealer(s) will be appointed from time to time.
7. Additional Market Maker(s) will be appointed from time to time.

Performance

  1 Month 3 Month 6 Month Year to date Since Inception#
CSOP Bloomberg Barclays China Treasury + Policy Bank Bond Index ETF (83199)*
The underlying index**

# Cumulative performance is calculated since the inception date on 19 Feb 2014.

* Fund performance is calculated on NAV to NAV total return basis with dividend reinvested and the current unit class available for investors is only a distribution class without dividend reinvested.
Source: Bloomberg

** Performance of underlying index is calculated based on total return. The underlying index of the Sub-Fund changed to Bloomberg Barclays China Treasury + Policy Bank Index effective June 24, 2019. Index performance reflects the performance of ChinaBond 5-year Treasury Bond Index from the inception of the Sub-Fund through June 23, 2019, and Bloomberg Barclays China Treasury + Policy Bank Index thereafter.

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
As of 30 April 2017
Fund Listing Date: 19 February, 2014
Rolling 1-Year TD: -1.74%
TD for calendar year 2015: -0.90%
TD for calendar year 2016: -1.81%
TD for calendar year 2017: -1.16%
TD for calendar year 2018: -1.28%
As of 30 April 2017
Fund Listing Date: 19 February, 2014
Rolling 1-Year TE^: 0.77%
^Annualized based on the number of dealing days in the past year when daily TD is calculated

Note: The underlying index of the Sub-Fund changed to Bloomberg Barclays China Treasury + Policy Bank Index effective June 24, 2019. Index performance reflects the performance of ChinaBond 5-year Treasury Bond Index from the inception of the Sub-Fund through June 23, 2019, and Bloomberg Barclays China Treasury + Policy Bank Index thereafter.

Graph for Tracking Difference

ETF's performance is calculated on an NAV to NAV basis and assumes reinvestment of distributions.

* The underlying index of the Sub-Fund changed to Bloomberg Barclays China Treasury + Policy Bank Index effective June 24, 2019. Index performance reflects the performance of ChinaBond 5-year Treasury Bond Index from the inception of the Sub-Fund through June 23, 2019, and Bloomberg Barclays China Treasury + Policy Bank Index thereafter.

Holdings

Total Net Asset Value (in RMB) Number of Securities Bonds (%)
- - -

As of 13 Dec, 2019

Asset Allocation

Name Weighting
(%)
PRC TREASURY BONDS 52.87
POLICY BANK BONDS 44.78
1.20

As of 13 Dec, 2019

Bond Credit Ratings 1

Name Weighting
(%)
Aa3 97.66
1.20

As of 13 Dec, 2019

Maturity

Years Weighting
(%)
5Y-10Y 30.67
0Y-3Y 30.25
3Y-5Y 21.44
Above 10Y 16.49

As of 13 Dec, 2019

Fundamentals & Risk

Weighted Average Maturity 4 5.38yr
Effective Duration 5 4.25
Weighted Average Coupon 6 2.76%
Average Convexity 7 0.44

As of 13 Dec, 2019

Yield Information

Average Yield to Maturity 2 2.60%
Distribution Frequency Quarterly
Use of Income Distributing
Flat Yield 3 2.69%

As of 13 Dec, 2019

All Holdings

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Total records: 16
1. The credit rating is due to the credit rating of bond issuer or bond issuance (if any) from Moody’s Investors Service or Standard & Poor’s or local rating agencies as specific stated.
2. Yield to Maturity is the discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average YTM is the weighted average of the fund’s individual bond holding YTMs based upon Net Asset Value (“NAV”). The measure does not include the fees and expenses
3. The flat yield is the coupon rate divided by the market price of the bond.
4. The mean of the remaining term to maturity of the underlying bonds in a portfolio.
5. A measure of the responsiveness of a bond or portfolio’s price to the changes in interest rates. Effective duration takes into account the possible changes in expected bond cash flows due to interest rates changes.
6. The average coupon rate of underlying bonds in the portfolio according to their weighting.
7. The average convexity is weighted by the market capitalization of the respective bonds, where market capitalization is defined as the result of the dirty price of a bond multiplied by its amount outstanding.

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

Ex-Date Record Date Payable Date Dividend Per Share Dividend Paid Out of Net Distributable Income* for the month Dividend Paid Out of Capital
2019-10-24 2019-10-25 2019-10-30 RMB 0.90 per share RMB 0.7 RMB 0.2
2019-07-22 2019-07-23 2019-07-26 RMB 0.90 per share RMB 0.40 RMB 0.50
2019-04-24 2019-04-25 2019-04-30 RMB 0.90 per share RMB 0.40 RMB 0.50
2019-01-21 2019-01-22 2019-01-25 RMB 0.90 per share RMB 0.30 RMB 0.60
2018-10-19 2018-10-22 2018-10-25 RMB 0.90 per share RMB 0.60 RMB 0.30
2018-07-26 2018-07-27 2018-07-31 RMB 0.90 per share RMB 0.90 RMB 0.00
2018-04-25 2018-04-26 2018-05-02 RMB 0.90 per share RMB 0.90 RMB 0.00
2018-01-26 2018-01-29 2018-02-01 RMB 0.90 per share RMB 0.00 RMB 0.90
2017-10-23 2017-10-24 2017-10-30 RMB 0.90per share RMB 0.00 RMB 0.90
2017-07-24 2017-07-25 2017-07-28 RMB 0.90 per share RMB 0.10 RMB 0.80
2017-04-20 2017-04-21 2017-04-26 RMB 0.90 per share RMB 0.58 RMB 0.32
2017-01-24 2017-01-25 2017-02-03 RMB 0.90 per share RMB 0.81 RMB 0.09
2016-10-12 2016-10-13 2016-10-18 RMB 0.90 per share RMB 0.90 RMB 0.00
2016-07-27 2016-07-28 2016-08-03 RMB 0.90 per share RMB 0.81 RMB 0.09
2016-04-21 2016-04-22 2016-04-29 RMB 0.90 per share RMB 0.90 RMB 0.00
2016-01-26 2016-01-27 2016-01-29 RMB 0.90 per share RMB 0.90 RMB 0.00
2015-10-22 2015-10-23 2015-10-28 RMB 0.9 per share RMB 0.90 RMB 0.00
2015-07-20 2015-07-21 2015-07-27 RMB 1.00 per share RMB 0.00 RMB 1.00
2015-04-23 2015-04-24 2015-04-29 RMB 0.90 per share RMB 0.61 RMB 0.29
2015-01-22 2015-01-23 2015-01-30 RMB 1.05 per share RMB 0.67 RMB 0.38
2014-10-21 2014-10-22 2014-10-28 RMB 1.05 per share RMB 0.71 RMB 0.34
2014-07-21 2014-07-22 2014-07-28 RMB 1.05 per share RMB 1.05 ** RMB 0.00 **
2014-04-17 2014-04-22 2014-04-28 RMB 0.50 per share RMB 0.40 ** RMB 0.10 **

*“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.

The data in “dividend paid out of net distributable income” and “dividend paid of out of capital” are just for reference only. Please kindly refer to the official dividends information in the total dividend per share (or total distribution) column.

** Dividends were paid out before share consolidation on 1 September 2014 and has been adjusted accordingly to reflect the consolidation effect.

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.

Index Introduction

Bloomberg Barclays China Treasury + Policy Bank Index is a total return, free float adjusted market capitalisation weighted index that is sponsored by Bloomberg Index Services Limited. The Index aims to reflect the performance of the fixed rate onshore RMB(CNY)-denominated Treasury Bonds and Policy Bank Bonds listed on the PRC inter-bank bond market.

Market Information 1

Last Change (RMB) Change (%)
185.101 0.0320 0.0173

As of 13 Dec, 2019

Index Profile

Number of Constituents 333
Rebalance Frequency Monthly
Weighted Average Coupon 3.77%
Average Yield To Maturity 3.23%
Effective Duration 5.48
Bloomberg Total Return Index I32561CN

As of 12 Dec, 2019

Maturity

Years % of Weight
5Y-10Y 38.05%
0Y-3Y 29.11%
3Y-5Y 20.22%
Above 10Y 12.60%

As of 12 Dec, 2019

Top 10 Index Constituents

% of Market Value Issuer Coupon Maturity Credit rating2 Sector
1.38 STATE DEV BANK OF CHINA 3.48 01/08/2029 Aa3 AGENCY
1.33 STATE DEV BANK OF CHINA 4.04 07/06/2028 Aa3 AGENCY
1.27 STATE DEV BANK OF CHINA 4.04 04/10/2027 Aa3 AGENCY
1.23 STATE DEV BANK OF CHINA 3.65 05/21/2029 Aa3 AGENCY
1.21 STATE DEV BANK OF CHINA 3.18 04/05/2026 Aa3 AGENCY
1.17 STATE DEV BANK OF CHINA 4.88 02/09/2028 Aa3 AGENCY
1.14 STATE DEV BANK OF CHINA 3.05 08/25/2026 Aa3 AGENCY
1.09 EXPORT-IMPORT BANK OF CHINA 3.28 02/11/2024 Aa3 AGENCY
1.05 STATE DEV BANK OF CHINA 3.74 09/10/2025 Aa3 AGENCY
1.03 CHINA (PEOPLE'S REPUBLIC) 3.19 04/11/2024 Aa3 Sovereign

As of 12 Dec, 2019

1 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: CCDC)

2 The credit rating cource may come from Moody’s Investors Service or Standard & Poor’s or local rating agencies as specific stated. the credit rating will be clearly stated to the bond issue or bond itself.

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.


Index Provider Disclaimer:

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a trademark and service mark of Barclays Bank Plc (collectively with its affiliates, “Barclays”), used under license. Bloomberg or Bloomberg’s licensors, including Barclays, own all proprietary rights in the Bloomberg Barclays Indices. Neither Bloomberg nor Barclays is affiliated with CSOP Asset Management Limited, and neither approves, endorses, reviews or recommends CSOP Bloomberg Barclays China Treasury + Policy Bank Bond Index ETF. Neither Bloomberg nor Barclays guarantees the timeliness, accurateness or completeness of any data or information relating to Bloomberg Barclays China Treasury + Policy Bank Index, and neither shall be liable in any way to the CSOP Asset Management Limited, investors in CSOP Bloomberg Barclays China Treasury + Policy Bank Bond Index ETF or other third parties in respect of the use or accuracy of the Bloomberg Barclays China Treasury + Policy Bank Index or any data included therein.


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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.

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