SSE Newsletter. November Vol. 21. Highlights:
|
|
- Meghan Mosley
- 6 years ago
- Views:
Transcription
1 Vol. 21 SSE Newsletter November 2014 Highlights: SSE Composite rose by 10.85% in November 2014, while trading volume showed significant increase compared with that of the previous month The Shanghai-Hong Kong Stock Connect program was officially launched, operating smoothly in the first two weeks The Ministry of Finance, the State Administration of Taxation, and the China Securities Regulatory Commission (CSRC) jointly issued the Announcement on Taxation Policies for the Shanghai-Hong Kong Stock Connect Pilot Program and the Announcement on Temporary Corporate Income Tax Exemption for Income from Transfer of Stocks and other Equity Assets Acquired in China by QFIIs and RQFIIs CSRC clarified regulatory arrangements for rights issue by listed companies under the Shanghai-Hong Kong Stock Connect
2 1. Overview of SSE Market For the last 12 months (December 2013 November 2014), the SSE Composite Index reached the highest at (closing price, hereinafter inclusive) on November 28 th, 2014 and the lowest at on January 20 th, In November 2014, the index rose by 10.85%. There have been 244 trading days from December 2013 to November The daily average turnover value was USD billion for the period. The single day turnover value peaked at USD billion on November 28 th, 2014 and reached the lowest at USD 7.73 billion on January 20 th, The daily average turnover was USD billion for November, which showed a significant increase compared to that of the previous month. In terms of industry-wide accumulated turnover of November 2014, the top 3 sectors were Manufacturing (USD billion), Finance & Insurance (USD billion), and Transportation (USD 51.5 billion).
3 For the last 12 months (December 2013 November 2014), the monthly average number of A share new accounts was 290,000. The single month number of new accounts peaked at 558,200 in November 2014, and reached the lowest at 146,500 in May As of November 2014, the total number of A-share accounts was million. In November 2014, the daily average trading volume of ETF was USD 3.44 billion, which represented an increase of 601% compared with USD 490 million in November The volume reached its highest point at USD 4.59 billion on November 28 th, 2014 and the lowest at USD 2.81 billion on November 25 th, 2014.
4 2. SSE Updates On November 17 th, The Shanghai-Hong Kong Stock Connect program was officially launched, when the SSE and Hong Kong Exchanges and Clearing Limited (HKEx) respectively held an opening ceremony. At the opening ceremony held at the SSE, Han Zheng, Member of the CPC Central Committee Political Bureau and Party Chief of Shanghai, Xiao Gang, Party Chief and Chairman of the China Securities Regulatory Commission (CSRC), jointly struck the gong to open the market for the first trading day of Shanghai-Hong Kong Stock Connect. Xiao Gang, Yang Xiong, Mayor of Shanghai, and Gui Minjie, Chairman of the Board of Governors of the SSE, delivered speeches at the ceremony. Huang Hongyuan, SSE President, and Charles Li, HKEx Chief Executive, respectively presided over the opening ceremonies in Shanghai and Hong Kong. As of 16:00 p.m. of the opening day, the SSE Composite Index was at 2,474.01, down by 0.19%, and the trading amount was RMB billion; the Shanghai-HK Stock Connect index was at 2,152.85, down by 0.23%. RMB billion worth of stocks were bought through Shanghai Stock Connect and no stocks sold; buy orders without transactions but not canceled amounted to RMB918 million; the total used quota was RMB13 billion with none remaining, touching the single day limit. HK$2.238 billion (RMB1.773 billion) worth of stocks were bought through Hong Kong Stock Connect and HK$106 million (RMB84 million) worth of stocks sold. The used quota was RMB billion and the remaining quota was RMB billion. The smooth operation on the 1st day of the program has built a solid foundation for continuously propelling the two-way opening-up of China s capital market in the future. The SSE will spare no efforts to ensure the smooth operation of the program, and provide a better regulated and more market-oriented investment environment for investors to better protect their interests. On November 26 th, the SSE issued the SSE Business Guidelines for Asset Securitization (the Guidelines), which specify the details in issues including listing and transfer, investor eligibility, and information disclosure of assets-backed securities (ABS). The Guidelines mainly specify the following issues. First, the Guidelines specify the principle requirements and application procedures for listing and transfer. Managers should confirm whether the conditions for listing and transfer have been met before the ABS are issued according to the Guidelines, as well as ensure smooth business flow. Second, the Guidelines strengthen management on investor eligibility, and specify the scope of qualified investors. Third, the Guidelines stipulate the requirement on information disclosure in issuance of the ABS and their period of duration, in order to enhance market transparency. Fourth, the Guidelines clarify the risk control measures and continuing obligations in all business segments of asset securitization in order to protect legal rights and interests of investors. Fifth, the Guidelines specify that, in addition to being transferred as a cash product, ABS is also eligible for collateralized repo according to the relevant regulations of the SSE.
5 3. Key Statistics of China CPI has risen after decline in the last twelve months, and has been falling again in the past six months. The YoY growth rate of CPI was 2.50% in December 2013, which is the peak during the period. CPI decreased to 1.40% in November 2014, the lowest during the period. From December 2013 to November 2014, M0 generally remained stable, with the only sharp rise to USD 1.21 trillion in January 2014, and remained stable at USD 0.93 trillion in November M2 increased steadily in the first half-year and has remained stable in the recent six months, rising from USD 17.6 trillion in December 2013 to USD 19.2 trillion in November Ratio of raised funds on China s exchange market to amount of new loan was volatile. The average in the past 12 months was 7.1%, with the highest at 13.3% in September 2014 and the lowest at 2.5% in February 2014.
6 4. Updates on China s Capital Market On November 14 th, upon approval by the State Council, the Ministry of Finance, the State Administration of Taxation, and the China Securities Regulatory Commission jointly issued the Announcement on Taxation Policies for the Shanghai-Hong Kong Stock Connect Pilot Program and the Announcement on Temporary Corporate Income Tax Exemption for Income from Transfer of Stocks and other Equity Assets Acquired in China by QFIIs and RQFIIs, which clarify the taxation policy for Stock Connect-related income tax, business tax, and securities (stock) trading stamp tax, and for QFII and RQFII-related income tax. From November 17 th, 2014 to November 16 th, 2017, income in price difference earned by Mainland individual investors investing through the Stock Connect through transfer of stocks listed on the Stock Exchange of Hong Kong will be exempt from individual income tax. From November 17 th, 2014, income in price difference earned by Hong Kong investors (institutional and individual) investing through the Stock Connect through transfer of A Share stocks listed on the will be temporarily exempt from income tax; income in price difference earned by Hong Kong investors (institutional and individual) investing through the Stock Connect through trading of A Share stocks listed on the Shanghai Stock Exchange will be temporarily exempt from business tax; Hong Kong investors trading, inheriting, and donating A Share stocks listed on the through the Stock Connect will be subject to securities (stock) trading stamp tax according to the current taxation rules in Mainland; Mainland investors trading, inheriting, and donating stocks listed on the Stock Exchange of Hong Kong through the Stock Connect will be subject to stamp tax according to the current taxation rules in Hong Kong S.A.R. At the same time, the Announcements clarify other tax policy questions according to the current taxation rules. From November 17 th, 2014, income earned through transfer of stocks and other equity investment assets acquired by QFIIs and RQFIIs in Mainland China will be temporarily exempt from corporate income tax. The tax policies above will have a positive effect on supporting the successful launch of the Shanghai-Hong Kong Stock Connect, and on promoting the two-way opening up and healthy development of the capital markets in Mainland China and Hong Kong. On November 14 th, China Securities Regulatory Commission (CSRC) clarified regulatory arrangements for rights issue by listed companies under the Shanghai-Hong Kong Stock Connect. According to the consultation between the CSRC and the Securities and Futures Commission (SFC), A share listed companies also need to include Hong Kong investors through the Stock Connect for rights issue. The rights issue procedures are as follows. First, submission of application material. Second, issuance of approval document by CSRC. CSRC has the right to determine whether to approve the rights issue according to the law. Third, road show and determination of issue price. A share listed companies conduct road show and determine the issue price after receiving the approval document for rights issue from CSRC. Fourth, raising funds. CSRC and SFC will further improve relevant regulation arrangements according to rights issue practice by listed companies under the Stock Connect in order to protect the legal rights and interests of investors and to ensure stable operation of the Stock Connect.
7 5. QFII, RQFII & QDII As of November 30 th, 2014, the approved quota for QFII, RQFII and QDII were USD billion, USD billion and USD billion respectively. The newly approved quota for QFII, RQFII and QDII in November 2014 were USD 1.7 billion, USD 0.6 billion and USD 1.3 billion respectively. 6.Shanghai-Hong Kong Stock Connect In November 2014, the average daily quota usage percentage for Shanghai Stock Connect was 31.40%. The daily quota usage percentage on November 17th was 100%, which was the peak during the period. The daily quota usage percentage on November 20th was 17.50%, the lowest during the period. In November 2014, the average daily quota usage percentage for Hong Kong Stock Connect was 3.98%. The daily quota usage percentage on November 17th was 16.80%, which was the peak during the period. The daily quota usage percentage on November 24th was 1.30%, the lowest during the period.
8 You may sign up for a free subscription to this newsletter by sending your name, company name, job title and telephone number to: globalbusiness@sse.com.cn. Please feel free to contact Mr. Wen Hu at , or send an to wenhu@sse.com.cn if you have any query. Disclaimer This newsletter is provided by the (hereinafter referred to as SSE ) and intended only for those whom it is addressed to. Any unauthorized quotation, reprinting and/or distribution to a third party may be held legally liable. The contents and comments herein are for information purposes only and SSE makes no guarantees of their accuracy and completeness. The contents, comments and forecasts are subject to change at any time by SSE without prior notice. SSE holds the copyright of this newsletter and reserves all rights. Any reproduction, replication, quotation and/or reprinting by any individual or entity is prohibited without prior written consent of SSE; otherwise, SSE reserves the right to take any legal action at any time. No. 528 South Pudong Road, Shanghai, , P. R. China
SSE Newsletter. July Vol. 26. Highlights:
Vol. 26 SSE Newsletter July 2015 Highlights: SSE Composite fell by 14.34% in July 2015, while trading volume showed significant decrease compared with that of the previous month SSE released the revised
More informationSSE Newsletter. June Vol. 25. Highlights:
Vol. 25 SSE Newsletter June 2015 Highlights: SSE Composite fell by 7.25% in June 2015, while trading volume showed significant increase compared with that of the previous month The first publicly offered
More informationSSE Newsletter. April Vol. 15. Highlights:
Vol. 15 SSE Newsletter April 2014 Highlights: SSE Composite of April 2014 remained stable, while trading volume showed slight decrease compared with that of the previous month. Premier Li Keqiang said
More informationSSE Newsletter. March 2013
Vol. 3 SSE Newsletter March 2013 Highlights: SSE Composite fluctuated with a downward trend in March 2013. The SSE provided service for listed companies carrying out investor relation management at SSE
More informationSSE Newsletter. September Vol. 28. Highlights:
Vol. 28 SSE Newsletter September 2015 Highlights: SSE Composite fell by 4.78% in September 2015, while trading volume showed significant decrease compared with that of the previous month SSE, SZSE and
More informationSSE Newsletter. January Vol. 13. Highlights:
Vol. 13 SSE Newsletter January 2014 Highlights: SSE Composite and trading volume of January 2014 showed slight decrease compared with that of the previous month. CSRC and the Ministry of Finance jointly
More informationSSE Newsletter. Vol. 2. Highlights:
Vol. 2 SSE Newsletter February 2013 Highlights: SSE Composite fluctuated with a downward trend in February 2013. The SSE has sorted out and appraised the business rules of 2012. The SSE has formulated
More informationOffshore CNH Market
Offshore CNH Market 2015.09.17 RMB Internationalization Gathers Pace China continues to accelerate regulatory reforms towards RMB internationalization The global major currency club is refining itself
More informationHKEx Group 2014 Annual Results Announcement
HKEx Group 2014 Annual Results Announcement 5 March 2015 Charles Li Chief Executive, HKEx Group Paul Kennedy Chief Financial Officer, HKEx Group Disclaimer This presentation does not constitute an offer,
More informationMainland Hong Kong Mutual Recognition of Funds Expansion of Cross-Border Investment Opportunities
Mainland Hong Kong Mutual Recognition of Funds Expansion of Cross-Border Investment Opportunities Southbound Northbound The Mainland-Hong Kong Mutual Recognition of Funds does not only increase the cross-border
More informationAccessing onshore China
Accessing onshore China Alan Yau Director, Institutional Client Management only intended for professional investors as defined by MiFID Old Chinese proverb: When out of doors, never show your silver Investing
More informationLeveraging China and RMB Internationalisation
Leveraging China and RMB Internationalisation Goldman Sachs Luncheon Presentation Charles Li Chief Executive, HKEx 28 September 2010 4 0 0 3 0 0 2 0 0 1 0 0 0 First Phase: Primary Market Has Driven Growth
More informationInformation disclosure regarding changes in shareholders equity. Information disclosure regarding the top ten shareholders of listed
Recap on CSRC Press Release Information disclosure regarding changes in shareholders equity under the Shanghai-Hong Kong Stock Connect Information disclosure regarding the top ten shareholders of listed
More informationPRODUCT KEY FACTS SWS STRATEGIC INVESTMENT FUNDS Shenyin Wanguo RMB Mainland Investment Fund September 2017
Issuer: Shenwan Hongyuan Asset Management (Asia) Limited PRODUCT KEY FACTS SWS STRATEGIC INVESTMENT FUNDS Shenyin Wanguo RMB Mainland Investment Fund September 2017 This statement provides you with key
More informationCSOP CHINA 5-YEAR TREASURY BOND ETF (A sub-fund of CSOP ETF Series II)
CSOP ETF SERIES II (An umbrella unit trust established in Hong Kong) CSOP CHINA 5-YEAR TREASURY BOND ETF (A sub-fund of CSOP ETF Series II) Semi-Annual Report FOR THE PERIOD FROM 17 FEBRUARY 2014 (DATE
More informationASF Hong Kong Market Report
ASF 2014 - Hong Kong Market Report November 2014 HONG KONG ECONOMY Economic Performance The Hong Kong economy attained a moderate growth in 2013 amid a still challenging external environment. The growth
More informationASF Hong Kong Market Report
ASF 2013 - Hong Kong Market Report October 2013 HONG KONG ECONOMY Economic Performance The Hong Kong economy saw a modest growth in 2012, despite a difficult external global economic environment characterised
More informationChina A-shares and Global Indices. Adapting the Benchmark for International Market Participants
China A-shares and Global Indices Adapting the Benchmark for International Market Participants Page 1 Overview China equities represent an important part of the global equity investment landscape Based
More informationStock Connect Another Milestone
Stock Connect Another Milestone FAQ (Version Date: 10 April 2017) The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation or
More informationANNOUNCEMENT SUBSCRIPTION FOR SHARES ISSUED UNDER NON-PUBLIC ISSUANCE BY HUANENG POWER INTERNATIONAL, INC.
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationPRODUCT KEY FACTS SWS STRATEGIC INVESTMENT FUNDS Shenyin Wanguo RQFII PRC Government Bond Fund April 2017
Issuer: Shenwan Hongyuan Asset Management (Asia) Limited PRODUCT KEY FACTS SWS STRATEGIC INVESTMENT FUNDS Shenyin Wanguo RQFII PRC Government Bond Fund April 2017 This statement provides you with key information
More informationHaitong China RMB Income Fund ( Sub-Fund ), a sub-fund of Haitong RMB Investment Fund Series. NOTICE TO UNITHOLDERS 20 June 2014
This document is important and requires your immediate attention. If you are in any doubt about the contents of this document, you should seek independent professional advice. Haitong China RMB Income
More informationMinimum investment: Minimum holding and minimum redemption:
PRODUCT KEY FACTS CSI Alpha Fund Series CSI RMB Short Maturity Bond Fund April 2015 This statement provides you with key information about the CSI RMB Short Maturity Bond Fund (the "Fund"), a sub-fund
More informationShanghai-Hong Kong Stock Connect
Shanghai-Hong Kong Stock Connect FAQ for Investors (Updated:23 January 2015) The information and materials contained in this FAQ are provided on an as is and as available basis and may be further amended
More informationCPD Day 2016 Shanghai Stock Connect Margin Financing
CPD Day 2016 Shanghai Stock Connect Margin Financing Richard McKeown Joseph Lee 19 October 2016 Outline Taking security over listed shares Stock Connect - Shanghai (Nov 2014) / Shenzhen (Nov 2016) Common
More informationEmergence of RMB as an International Currency
Emergence of RMB as an International Currency Cindy Lo, Partner Allen & Overy, Beijing Office March 2013 1 Agenda An Overview: the Chinese Government s policy objectives and key regulatory developments
More informationHaitong RMB Investment Fund Series ( Fund )
Haitong RMB Investment Fund Series ( Fund ) Haitong Global RMB Fixed Income Fund ( Haitong Fixed Income Fund ) and Haitong China RMB Income Fund ( Haitong RMB Income Fund ), each a Sub-Fund NOTICE TO UNITHOLDERS
More informationWhat Does the Mutual Market Era Mean for Fixed Income and Currency? James Fok, Head of Group Strategy 12 March 2015
What Does the Mutual Market Era Mean for Fixed Income and Currency? James Fok, Head of Group Strategy 12 March 2015 Evolution of Hong Kong and Mainland Financial Markets 1 IPO Era Key growth driver in
More informationFirst Chapter - What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme to
First Chapter - What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect is a securities trading and clearing links programme to be developed by Hong Kong Exchanges and Clearing Limited
More informationIntroduction of Shanghai-London Stock Connect
YOUR DATA INSIGHT A Shanghai Stock Exchange Company Introduction of Shanghai-London Stock Connect 1 Intro. of Shanghai-London Stock Connect (SLSC) The term depositary receipts under Shanghai-London Stock
More informationGlobal Equity Trading Volumes Surge 36% in 1 st half 2015 driven by Mainland China
EMBARGO: :1BST/1:1CET/19:1EDT Global Equity Trading Volumes Surge 36% in 1 st half 215 driven by Mainland China Global Equity Trading Volumes Ex Mainland China Up 5% Mainland China Share Trading Vols Rise
More informationPRODUCT KEY FACTS SWS STRATEGIC INVESTMENT FUNDS Shenyin Wanguo RQFII A Share Strategy Fund April 2017
Issuer: Shenwan Hongyuan Asset Management (Asia) Limited PRODUCT KEY FACTS SWS STRATEGIC INVESTMENT FUNDS Shenyin Wanguo RQFII A Share Strategy Fund April 2017 This statement provides you with key information
More informationRenminbi Qualified Foreign Institutional Investor Scheme Scaled Up
Renminbi Qualified Foreign Institutional Investor Scheme Scaled Up 1 Briefing note 22 March 2013 Renminbi Qualified Foreign Institutional Investor Scheme Scaled Up The Renminbi Qualified Foreign Institutional
More informationCSOP ETF SERIES II (An umbrella unit trust established in Hong Kong)
CSOP ETF SERIES II (An umbrella unit trust established in Hong Kong) CSOP CHINA ULTRA SHORT TERM BOND ETF Stock Codes: 83122 ( counter) and 03122 (HKD counter) (A sub-fund of CSOP ETF Series II) Unaudited
More informationCSOP ETF TRUST SUMMARY PROSPECTUS. January 30, 2017 CSOP FTSE CHINA A50 ETF. Principal Listing Exchange for the Fund: NYSE Arca, Inc.
CSOP ETF TRUST SUMMARY PROSPECTUS January 30, 2017 CSOP FTSE CHINA A50 ETF Principal Listing Exchange for the Fund: NYSE Arca, Inc. Ticker Symbol: AFTY Before you invest in the Fund, as defined below,
More informationHKEX'S FIVE-YEAR CHINA MINISTRY OF FINANCE TREASURY BOND FUTURES THE WORLD'S FIRST RMB BOND DERIVATIVES ACCESSIBLE TO OFFSHORE INVESTORS
April 2017 RESEARCH REPORT HKEX'S FIVE-YEAR CHINA MINISTRY OF FINANCE TREASURY BOND FUTURES THE WORLD'S FIRST RMB BOND DERIVATIVES ACCESSIBLE TO OFFSHORE INVESTORS CONTENTS Page Summary... 1 1. The openness
More informationMulti-hub. Connect RQDII. Insurers. Cross-Border Updates: Quarterly Assessment December Evolving. First show.
Cross-Border Updates: Quarterly Assessment December 2014 Evolving First show Multi-hub Connect The speed and scale of RQFII s global expansion should have spurred global managers to strategize their RQFII
More informationProvision on Foreign Exchange Administration of Domestic. Securities Investment by Qualified Foreign Institutional Investors
NON-OFFICIAL TRANSLATION FOR INFORMATION ONLY Provision on Foreign Exchange Administration of Domestic Securities Investment by Qualified Foreign Institutional Investors Chapter 1 General Overview Article
More informationChina Banking Regulatory Update November 2013
China Banking Regulatory Update November 2013 Kreab Gavin Anderson is a leading communications consultancy with a global reach. We help our clients solve complicated and demanding communications issues
More informationCSOP ETF SERIES II (An umbrella unit trust established in Hong Kong) Unaudited Semi-Annual Report FOR THE PERIOD ENDED 30 JUNE 2018
CSOP ETF SERIES II (An umbrella unit trust established in Hong Kong) Stock Codes: 83199 ( counter), 03199 (HKD counter) and 9199 (USD counter) (A sub-fund of CSOP ETF Series II) Unaudited Semi-Annual Report
More informationAGRICULTURAL BANK OF CHINA LIMITED
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationGLOBAL MARKETS EQUITIES SUPPLEMENT TO THE TERMS OF BUSINESS - SECURITIES APPLICABLE TO TRADING OF SHARES THROUGH CHINA CONNECT
The Hongkong and Shanghai Banking Corporation Limited 1 Queen's Road Central Hong Kong SAR GLOBAL MARKETS EQUITIES SUPPLEMENT TO THE TERMS OF BUSINESS - SECURITIES APPLICABLE TO TRADING OF SHARES THROUGH
More informationIndexing Investment. under Stock Connect Program. Anita Mo. Head of Business Development. A joint venture of
Indexing Investment under Stock Connect Program Anita Mo Head of Business Development A joint venture of Nov 2016 1 China Exchanges Services Company Ltd. 33.3% 33.3% 33.3% 2 Cross Border Asset Allocation
More informationPRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select RMB Short-term Bond Fund (the Sub-Fund ) April 2017
PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select RMB Short-term Bond Fund (the Sub-Fund ) April 2017 This statement provides you with key information about this product. This statement is a part
More informationCESC Index Report for November
CESC Index Report for November China Exchanges Services Co Ltd (CESC) Highlights Mainland A shares outperformed Hong Kong stocks in November. The CES A80 surged 7.4 per cent. The CES 300 surged 3.7 per
More informationESTABLISHMENT OF SHANGHAI-HONG KONG STOCK CONNECT
Pursuant to Chapter 38 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Securities and Futures Commission regulates Hong Kong Exchanges and Clearing Limited
More informationPRODUCT KEY FACTS NCB China Equity Fund
PRODUCT KEY FACTS a sub-fund of the NCB Investment Funds Issuer: BOCI-Prudential Asset Management Limited 30 April 2018 This statement provides you with key information about this product. This statement
More informationCESC Annual Index Report 2016
CESC Annual Index Report 2016 China Exchanges Services Co., Ltd. (CESC) Highlights Hong Kong stocks outperformed Mainland A shares in 2016. CES A80 and CES SCHK100 were down 6.1 per cent and 1 per cent
More informationRIDING THE CHINA WAVE: HKEX S GROWTH STRATEGIES IN THE EXCHANGES ARENA
A MEMBER OF THE UNIVERSITY OF HONG KONG GROUP 香港大學機構成員 AMY YIP ROY ZHOU RIDING THE CHINA WAVE: HKEX S GROWTH STRATEGIES IN THE EXCHANGES ARENA Our vision at HKEx is to reshape the global market landscape
More informationMANULIFE GLOBAL FUND PRODUCT KEY FACTS
MANULIFE GLOBAL FUND PRODUCT KEY FACTS April 2016 CONTENTS EQUITY FUNDS: Manulife Global Fund - American Growth Fund... 2 Manulife Global Fund - Asia Value Dividend Equity Fund... 7 Manulife Global Fund
More informationUSD1,000,000 EUR Accumulation Class and EURhedged. RMB Accumulation Class and RMB Distribution Class: RMB10,000
PRODUCT KEY FACTS CSI Alpha Fund Series February 2015 This statement provides you with key information about the " 中信証券人民幣貨幣市場市場基金 " (the "Fund"), a sub-fund of the CSI Alpha Fund Series. 幣貨幣市場基金 This
More informationReport of the Board of Directors
The Board of Directors is pleased to present its report together with the audited Consolidated Financial Statements of the Bank and its subsidiaries (the Group ) for the year ended 31 December 2017. Principal
More information2013 The year of the renminbi
2013 The year of the renminbi Economic and regulatory conditions affecting the renminbi are unfolding quickly. This document reflects HSBC s views on how the development of the renminbi will unfold as
More informationRules on the Stock Connect between Chinese Mainland and Hong. Kong
Rules on the Stock Connect between Chinese Mainland and Hong Kong Declaimer: For the avoidance of doubt, if there is any conflict in the meaning between the English version and the Chinese version, the
More informationUp for the Test -Counting down to the inclusion decision
May 31, 2016 Up for the Test -Counting down to the inclusion decision Mark your calendar for Jun 14, 2015 MSCI will announce on June 14, 2016 (June 15, Beijing time) the results of its 2016 Annual Market
More informationFrequently Asked Questions
Frequently Asked Questions Exchange Traded Funds and Listed Funds This FAQ is prepared by the Investment Products Division and aims to provide basic information to market practitioners in respect of exchange
More informationPOLL RESULTS OF 2017 ANNUAL GENERAL MEETING AND PAYMENT OF FINAL DIVIDEND
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationBank of China Investment Management Co., Ltd. (the Manager ) Industrial and Commercial Bank of China Limited
PRODUCT KEY FACTS * (*The name of the fund is not indicative of the fund s performance and return.) Issuer: Bank of China Investment Management Co., Ltd. Quick facts Fund Manager: Custodian: This is a
More informationDevelopment of RMB Internationalization
Development of RMB Internationalization RMB has become world s #6 payment currency, #3 trade finance currency (SWIFT), #8 FX currency (BIS) and the latest SDR basket currency. Trade Currency Investment
More informationCumulative Performance Class A 1. Fund Performance 1. Portfolio Breakdown 5. Government Bonds. Corporate Bonds 19.73% Convertible Bonds 6.06% 12.
Monthly Factsheet As of 28 February 2018 Important Information The Fund invests in mainland China only, thus there is a concentration risk. Investors converting a local currency (HK dollar) to take up
More informationInvestment Opportunities in Chinese Offshore and Onshore Markets Yang Jiewen, Jack Head of RMB Business Division Bank of China (Hong Kong) Ltd
Investment Opportunities in Chinese Offshore and Onshore Markets Yang Jiewen, Jack Head of RMB Business Division Bank of China (Hong Kong) Ltd 25 May 2016 INVESTING IN CHINA IMF lifted its growth forecast
More informationCROSS BORDER COOPERATION : Hong Kong Experience. 24 October 2013
CROSS BORDER COOPERATION : Hong Kong Experience 24 October 2013 Content Defining CBC Benefits Forms and structures Hong Kong and Mainland China relations Significant cooperation with Mainland China for
More informationCustody Solution for RQFII. Bank of China Custody & Investor Services Dept
Custody Solution for RQFII Bank of China Custody & Investor Services Dept. 2013.11 0 0 Custody Solution for RQFII 1. RQFII Background 2. BOC RQFII Custody Service Content 3. BOC RQFII Custody Service Overview
More informationCHAPTER 14A CHINA CONNECT SERVICE - SHANGHAI
CHAPTER 14A CHINA CONNECT SERVICE - SHANGHAI Application 14A01. (1) This Chapter 14A sets out the China Connect Service Special Rules that apply to Shanghai-Hong Kong Stock Connect as a Trading Link referred
More informationTAXATION AND FOREIGN EXCHANGE
The following is a summary of certain PRC and Hong Kong tax consequences of the ownership of H Shares by an investor that purchases such H Shares in connection with the Global Offering and holds the H
More informationINFORMATION CIRCULAR: CSOP ETF TRUST
INFORMATION CIRCULAR: CSOP ETF TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders Nasdaq / BX / PHLX Listing Qualifications Department
More informationSecurities Services Charges (Applicable to Company Account Customers)
Securities Services Charges (Applicable to Company Account Customers) CHARGES FOR TRADE-RELATED, SCRIP HANDLING & SETTLEMENT-RELATED, NOMINEE SERVICES & CORPORATE ACTIONS AND OTHER SERVICES (A) Local Securities
More informationGLOBAL STOCK EXCHANGES. Page 1 May MLB Financial Group Limited. Not for Redistribution
GLOBAL STOCK EXCHANGES Page 1 May 2017 SUMMARY Having decided that a public offering is a significant step in your business. Choosing the most appropriate exchange that fits the unique needs is complex
More informationBank of Communications Trustee Limited. Class I: 3.92%
PRODUCT KEY FACTS BOCOM International Fund - BOCOM International China Dynamic Fund BOCOM INTERNATIONAL ASSET MANAGEMENT LIMITED April 2017 This statement provides you with key information about BOCOM
More informationPRODUCT KEY FACTS. Quick Facts. What is this product?
PRODUCT KEY FACTS Mirae Asset Horizons Exchange Traded Funds Series- September 2018 Issuer: Mirae Asset Global Investments (Hong Kong) Limited This is an exchange traded fund. This statement provides you
More informationSensible Asset Management Hong Kong Launches Value China ETF To Seek Out China s Best Value Ideas
For Immediate Release Sensible Asset Management Hong Kong Launches Value China ETF To Seek Out China s Best Value Ideas - Ground-breaking ETF is first in market to track a basket of high-quality China
More informationChina Merchants Bank Reports 2009 Third Quarter Results
China Merchants Bank Reports 2009 Third Quarter Results Results Highlights Results increases over second quarter Strategic transformation yields results Net profit attributable to the Bank s shareholders
More informationHFT (HK) China Investment Series II. HFT (HK) China RMB Money Market Fund
INTERIM REPORT (UNAUDITED) FOR THE PERIOD ENDED 30 June 2017 MANAGER HFT Investment Management (HK) Limited ("HFT HK") HFT HK is the Hong Kong-based subsidiary and international arm of HFT Investment Management
More informationStakeholder Engagement
HKEx seeks to involve its stakeholders in its decision-making processes so as to align business practices with public needs and expectations, and to achieve sustainable development. Details of our major
More informationShanghai-Hong Kong / Shenzhen-Hong Kong Stock Connect Northbound Trading Risk Disclosure Letter
KVB Kunlun Securities (HK) Limited 昆侖國際證券 ( 香港 ) 有限公司 Unit, 6801, 68/F, International Commerce Centre 1 Austin Road West (SFC CE Number: AQG528) Kowloon, Hong Kong www.kvbkunlun.com Tel: +852-3701 8188
More informationCHINA RAILWAY GROUP LIMITED (A joint stock limited company incorporated in the People s Republic of China with limited liability) (Stock Code: 390)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationNovember 2016 RESEARCH REPORT STOCK CONNECT - TOWARDS A MUTUAL MARKET FOR THE INTERESTS OF MAINLAND AND GLOBAL INVESTORS
November 2016 RESEARCH REPORT STOCK CONNECT - TOWARDS A MUTUAL MARKET FOR THE INTERESTS OF MAINLAND AND GLOBAL INVESTORS CONTENTS Page Summary... 1 1. The Stock nnect pilot programme Unprecedented connectivity
More informationTAXATION AND FOREIGN EXCHANGE
TAXATION OF SECURITIES HOLDERS The following is a summary of certain PRC and Hong Kong tax consequences of the ownership of H Shares by an investor that purchases such H Shares in connection with the Global
More informationHaitong International Asset Management (HK) Limited Trustee:
PRODUCT KEY FACTS Haitong Investment Fund Series - Haitong China A-Share Investment Fund Issuer: Haitong International Asset Management (HK) Limited July 2018 This statement provides you with key information
More informationSHANGHAI CONNECT SHENZHEN CONNECT
SHANGHAI CONNECT SHENZHEN CONNECT INFORMATION BOOK FOR INVESTORS The information contained in this document is for general informational purposes only and does not constitute an offer, solicitation or
More informationCorporate & Commercial
Newsletter May 2017 Corporate & Commercial Join Forces: SFC Co-operated with CSRC to Sanction Against Manipulative Trading Introduction On 10 March 2017, the China Securities Regulatory Commission ( CSRC
More informationTHIRD QUARTERLY REPORT OF 2017
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationINFORMATION CIRCULAR: CSOP ETF TRUST
INFORMATION CIRCULAR: CSOP ETF TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
More informationHong Kong Market Report
Hong Kong Market Report Asia Securities Forum Jeffrey Chan Hong Kong Securities Association ECONOMIC PERFORMANCE 2 Key Economic Indicators 2011 2012 Q2 GDP (yoy, %) 4.9 1.5 2.9 1.8 CPI (yoy, %) 5.3 4.1
More informationSWS STRATEGIC INVESTMENT FUNDS (the Fund ) Shenyin Wanguo RQFII PRC Government Bond Fund (the Sub-Fund ) NOTICE TO SOLE UNITHOLDER
SWS STRATEGIC INVESTMENT FUNDS (the Fund ) Shenyin Wanguo RQFII PRC Government Bond Fund (the Sub-Fund ) NOTICE TO SOLE UNITHOLDER This Notice is important and requires your immediate attention. If you
More informationCESC Index Report for August
CESC Index Report for August China Exchanges Services Co Ltd (CESC) Highlights Trading under Shanghai Connect increased after approval was given for Shenzhen Connect. Northbound trading had a single-day
More information1.1 The following terms as contained in this Appendix or the Standard Terms and Conditions shall have the following meanings:
APPENDIX FOR SECURITIES TRADING VIA SHANGHAI-HONG KONG STOCK CONNECT (NORTHBOUND TRADING) APPENDIX FOR SECURITIES TRADING VIA SHANGHAI-HONG KONG STOCK CONNECT (NORTHBOUND TRADING) This Appendix applies
More informationSecurities Services Charges (Applicable to Personal Customers)
Securities Services Charges (Applicable to Personal Customers) CHARGES FOR TRADE-RELATED, SCRIP HANDLING & SETTLEMENT-RELATED, NOMINEE SERVICES & CORPORATE ACTIONS AND OTHER SERVICES (A) Local Securities
More informationDATE: JULY 2018 CHINA CONNECT TERMS CLIENTS OF J.P. MORGAN SECURITIES PLC OR J.P. MORGAN AG, AS APPLICABLE. 1. Application
DATE: JULY 2018 CHINA CONNECT TERMS CLIENTS OF J.P. MORGAN SECURITIES PLC OR J.P. MORGAN AG, AS APPLICABLE 1. Application 1.1 Notwithstanding any provision in any General Terms and Conditions, these China
More informationPRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select RMB Bond Fund (the Sub-Fund ) April 2017
PRODUCT KEY FACTS ChinaAMC Select Fund - ChinaAMC Select RMB Bond Fund (the Sub-Fund ) April 2017 This statement provides you with key information about this product. This statement is a part of the offering
More informationBZX Information Circular EDGA Information Circular BYX Information Circular EDGX Information Circular
BZX Information Circular 15-031 EDGA Information Circular 15-031 BYX Information Circular 15-031 EDGX Information Circular 15-031 Date: March 11, 2015 Re: CSOP ETF Trust Pursuant to the Rules of BATS Exchange,
More informationICBCAIM Changes Name to ICBC Asset Management (Global) Sets up Flagship to Speed up Development of ICBC s Global Asset Management Operation
ICBCAIM Changes Name to ICBC Asset Management (Global) Sets up Flagship to Speed up Development of ICBC s Global Asset Management Operation 19 October 2017, Hong Kong Industrial and Commercial Bank of
More informationImportant Notice of Northbound Trading via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect
Important Notice of Northbound Trading via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect What is Shanghai-Hong Kong Stock Connect? Shanghai-Hong Kong Stock Connect ( Shanghai Connect
More informationUnderstanding RQFII The Great Door Opener for China Access
Markets and Securities Services Investor Services Understanding RQFII The Great Door Opener for China Access By: Stewart Aldcroft, Citi Investor Services Since China first started opening up its capital
More informationChina s Financial Market Development and Economic Growth
China s Financial Market Development and Economic Growth Dr. YANG Nong Deputy Secretary-General, NAFMII May 2013 Copenhagen 1 Table of Contents Contents Section I CHINA S FINANCIAL MARKET DEVELOPMENT Section
More informationTHIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION CONTINUING CONNECTED TRANSACTIONS
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your stockbroker or other
More informationPRODUCT KEY FACTS BOCHK China Consumption Growth Fund
PRODUCT KEY FACTS BOCHK China Consumption Growth Fund a sub-fund of the BOCHK Investment Funds Issuer: BOCI-Prudential Asset Management Limited 10 June 2015 This statement provides you with key information
More informationChinese Banking Sector
Equity Research Financials Jan 17, 218 Chinese Banking Sector Positive (maintained) Strong loan demand expected; intensified competition in deposits Wang Wen SFC CE No. BGL298 wangwen@gfgroup.com.hk +86
More informationHarvest MSCI China A 50 Index ETF. (RMB Counter Stock Code: HKD Counter Stock Code: 03118)
IMPORTANT: If you are in any doubt about the contents of this Prospectus, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent financial advice.
More informationYangtze Optical Fibre and Cable Joint Stock Limited Company *
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More information