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CSOP Huatai-PineBridge CSI 300 ETF (3133.HK) list on Hong Kong Stock Exchange Tomorrow

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CSOP Huatai-PineBridge CSI 300 ETF (3133.HK) list on Hong Kong Stock Exchange Tomorrow
News

News

CSOP Huatai-PineBridge CSI 300 ETF (3133.HK) list on Hong Kong Stock Exchange Tomorrow

2024-07-15 16:15 Last Updated At:16:20

HONG KONG--(BUSINESS WIRE)--Jul 15, 2024--

CSOP Huatai-PineBridge CSI 300 ETF (3133.HK) will list on the Hong Kong Stock Exchange on July 16, 2024. In seeking to achieve its investment objective, 3133.HK will invest at least 90% of its NAV in the Huatai-PineBridge CSI 300 Exchange-traded Open-end Index Securities Investment Fund (the “Master ETF”) via the QFI status granted to the Manager and/or the Shanghai-Hong Kong Stock Connect. With listing price of approximately HKD 7.8 per unit, board lot of 100 units, 3133.HK has received an initial investment of RMB 51.1 million.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240715285738/en/

At the beginning of 2024, a slew of foreign financial institutions are bullish on Chinese stock market and have upgraded their ratings 1. Meanwhile, the northbound fund flows have been positive for three months in a row since February, hit a new record high in April, indicating strong overseas investment interest in A-share 2. Analysis suggests that China's stock market is benefiting from four major tailwind factors: the "national team" purchasing A-share ETFs to boost funds and confidence; the introduction of the once-in-a-decade new 'Nine Guidelines for Capital Market' policy, and the A-share buybacks and dividends continue to accumulate; quarterly GDP growth in China has beat expectations, with steady earnings recovery; the price-earnings ratio of the CSI 300 index is lower than its 20-year historical average, making A-share highly attractive for investment 3.

Since late 2023, state-owned financial firms led by Central Huijin and China Securities Finance Corp have been investing heavily in A-share ETFs, especially CSI 300 ETFs 3. The policy-driven funds of the "national team" have often intervened to support the capital market, which is seen as a sign to stabilize the stock market. According to UBS estimates, since 2024, policy-driven funds have injected more than RMB 410 billion (around USD 57 billion) into A-share, 75% of which went to CSI 300 ETFs 4. The Master ETF's quarterly report reveals that Central Huijin added 26.356 billion shares in the first quarter of 2024, amounting to approximately RMB 88.8 billion 5.

The CSI 300 Index (the "Index") serves as a benchmark for China's A-share stock market, tracking 300 largest and most liquid companies in China's A-share stock market to comprehensively reflect overall market performance. The median return on equity (ROE) range of the Index has consistently exceeded 10% over an extended period 6. Since 2020, the Index has incorporated new stocks from the SSE's STAR Market and relaxed listing year requirements for SZSE's ChiNext Market stocks. Currently, the Index constituents are well-balanced across cyclical industries, technology, large financials, and consumer sectors. The Master ETF, the world's largest CSI 300 ETF, manages over RMB 190 billion and sees an average daily turnover exceeding RMB 4.6 billion this year 7.

Ms. Ding Chen, CEO of CSOP Asset Management, stated, "As a widely recognized fund management company, we are delighted to offer Hong Kong investors the opportunity to invest in top-quality assets in China. CSOP Huatai-PineBridge CSI 300 ETF, which tracks the world's largest CSI 300 ETF, is the optimal solution for investing in China A-share. CSOP is dedicated to continuous innovation and remains committed to providing our clients with valuable and distinctive ETF products."

About CSOP

CSOP is a leading ETF issuer in Hong Kong SAR, with a wide range of product offerings across equity, fixed income, leveraged and inverse, thematic, money market, and virtual assets. In Q1 2024, 5 out of 10 of the most traded ETFs on the Hong Kong Stock Exchange are CSOP-issued products*. Innovation and leadership are deeply rooted in CSOP’s DNA as we strive to bring first-of-its-kind products to the market, educate investors about ETF trading, and never stop looking for ways to improve trading efficiencies.

CSOP’s commitment to cross-border initiatives and collaborations is unwavering. We are the only product issuer participating in all the ETF connectivity programs between mainland China and Hong Kong SAR, capturing an 69.08% market share of the aggregate southbound AUM**, as well as the first issuer to participate in the China – Singapore Cross-border ETF Link Scheme.

* Source: 2024/01/01-2024/03/28, Bloomberg.

** Source: HKEX, SZSE, SSE, Bloomberg, as of 2024/06/28.

Disclaimer

This document is for general information only and do not constitute investment or any other kind of advice in any way and shall not be considered as an offer or solicitation to deal in any investment products. Investment involves risk. 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 document alone to make investment decisions. Investors should consult their own advisors before engaging in any transaction. CSOP which prepared this document believes that information in this document is based upon sources that are believed to be accurate, complete and reliable. However, CSOP does not warrant the accuracy or completeness. This document is not legally binding, and CSOP shall not be liable for any loss, damage or expense incurred. This document is not directed to, intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution, availability or use would be contrary to local law or regulations, or which would subject CSOP to any registration or licensing or other requirement, or penalty for contravention of such requirements within such jurisdiction. For the Index Provider Disclaimer, please refer to the Product’s offering document. This document is prepared by CSOP and has not been reviewed by the SFC in Hong Kong.

Issuer: CSOP Asset Management Limited

1 Source: Collation of research and media reports.
2 Source: iFinD, as of 2024/4/26.
3 Source: Collation of research and media reports.
4 Source: UBS, Caixin.
5 Source: Huatai-PineBridge CSI 300 Exchange-traded Open-end Index Securities Investment Fund quarterly report.
6 Source: Wind, as of 2023/11/30.
7 Source: Wind, as of 2023/04/26.

CSOP Huatai-PineBridge CSI 300 ETF (3133.HK) (Graphic: Business Wire)

CSOP Huatai-PineBridge CSI 300 ETF (3133.HK) (Graphic: Business Wire)

It was a great day for the Mullins family in the Grand National.

Ridden by amateur jockey Patrick Mullins and trained by his father Willie Mullins, Nick Rockett — a 33-1 shot — won the storied British horse race in front of about 70,000 racegoers at Aintree Racecourse on Saturday.

For Willie Mullins, it was a 1-2-3 in the grueling steeplechase. I Am Maximus (7-1), which was bidding to win in back-to-back years, finished 2 1/2 lengths back in second place and Grangeclare West (33-1) was third, with both horses also trained by Mullins.

He said being the trainer of a Grand National-winning horse ridden by his son was “like something out of a Disney film.”

“It is lovely to be able to give your son a ride in the National,” said Willie Mullins, who was so emotional immediately after the race he could barely talk. "But to be able to win it is just unbelievable.”

Patrick Mullins said his win was “everything I've dreamed about since I was a kid.”

“It’s a cliche,” he said, "but when I was five or six years old, I remember reading books about the National and watching black-and-white videos of (three-time winner) Red Rum. So to put my name there is incredibly special.”

The Mullins family has quite the history with the Grand National. One of Patrick's cousins, David, rode Rule The World to victory as a 19-year-old in 2016, while another cousin — Emmet — was the trainer of 2022 winner Noble Yeats.

Willie Mullins even had the fifth-place finisher in Saturday's race, Meetingofthewaters.

“I had multiple runners in the race and I said before the first (fence) I can’t follow them all so I decided to follow the most important one and my son," Willie Mullins said.

“Patrick just kept the whole thing together and was as cool as ice.”

The owner of Nick Rockett is Stewart Andrew, whose wife, Sadie, originally owned the horse and died of cancer in December 2022 — soon after Nick Rockett ran his first jumps race.

“She’s here, she’s here,” said Andrew, who carried Patrick Mullins on his shoulders at one point after the race.

The Grand National — a race for 34 horses over 30 fences — has long been regarded as one of the most dangerous horse races in the world because of the size of the fences, though a number of new measures were introduced last year in an attempt to make it safer.

The 177th edition appeared to pass off without major incident, with 16 horses finishing the race.

Two of the horses who didn't — Broadway Boy (fall) and Celebre D’Allen (pulled up) — were still being assessed hours after the finish.

AP sports: https://apnews.com/sports

Jockey Patrick Mullins, celebrates after winning the Grand National Handicap Steeple Chase race aboard Nick Rockett, on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (Peter Byrne/PA via AP)

Jockey Patrick Mullins, celebrates after winning the Grand National Handicap Steeple Chase race aboard Nick Rockett, on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (Peter Byrne/PA via AP)

Jockey Patrick Mullins holds up the trophy after winning the Grand National Handicap Steeple Chase race aboard Nick Rockett, on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (Peter Byrne/PA via AP)

Jockey Patrick Mullins holds up the trophy after winning the Grand National Handicap Steeple Chase race aboard Nick Rockett, on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (Peter Byrne/PA via AP)

Jockey Patrick Mullins, riding Nick Rockett, crosses the line to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (Mike Egerton/PA via AP)

Jockey Patrick Mullins, riding Nick Rockett, crosses the line to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (Mike Egerton/PA via AP)

Jockey Patrick Mullins, ridding Nick Rockett, center, clears a fence on their way to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Jockey Patrick Mullins, ridding Nick Rockett, center, clears a fence on their way to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Horses compete in the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Horses compete in the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Jockey Patrick Mullins, ridding Nick Rockett, clears a fence on their way to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Jockey Patrick Mullins, ridding Nick Rockett, clears a fence on their way to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Racegoers attend the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Racegoers attend the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Jockey Patrick Mullins, ridding Nick Rockett, crosses the line to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Jockey Patrick Mullins, ridding Nick Rockett, crosses the line to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Jockey Patrick Mullins, ridding Nick Rockett, crosses the line to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Jockey Patrick Mullins, ridding Nick Rockett, crosses the line to win the Randox Grand National Handicap Steeple Chase race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Racegoers fill the stands on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Racegoers fill the stands on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Racegoers react during a race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Racegoers react during a race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Horses compete in the second race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Horses compete in the second race on the third day of the Grand National Horse Racing meeting at Aintree racecourse, near Liverpool, England, Saturday, April 5, 2025. (AP Photo/Ian Hodgson)

Gidleigh Park ridden by Bryan Carver in the EBC Group Manifesto Novices' Chase on day one of the Randox Grand National Festival at Aintree Racecourse, Liverpool, England, Thursday April 3, 2025. (David Davies/PA via AP)

Gidleigh Park ridden by Bryan Carver in the EBC Group Manifesto Novices' Chase on day one of the Randox Grand National Festival at Aintree Racecourse, Liverpool, England, Thursday April 3, 2025. (David Davies/PA via AP)

Gracchus De Balme ridden by Huw Edwards on their way to winning the Randox Foxhunters' Open Hunters' Chase on day one of the Randox Grand National Festival at Aintree Racecourse, Liverpool, England, Thursday April 3, 2025. (Mike Egerton/PA via AP)

Gracchus De Balme ridden by Huw Edwards on their way to winning the Randox Foxhunters' Open Hunters' Chase on day one of the Randox Grand National Festival at Aintree Racecourse, Liverpool, England, Thursday April 3, 2025. (Mike Egerton/PA via AP)

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