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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)

MINNEAPOLIS (AP) — Anthony Edwards approached for a handshake during Julius Randle's postgame TV interview, the duo putting a seal on another dominant series for Minnesota in these NBA playoffs.

Randle scored 29 points on 13-for-18 shooting to send the Timberwolves to the Western Conference finals for the second straight year with a 121-110 victory over the Golden State Warriors in Game 5 on Wednesday night.

“I just try to do my best to read the game in the best way I can,” Randle said. “They threw different coverages at us all series long.”

Edwards had 22 points and 12 assists for the sixth-seeded Wolves, who will face the Denver-Oklahoma City winner next. They could get five days off, if the Nuggets beat the Thunder on Thursday to force a Game 7 in the other West semifinal series.

Brandin Podziemski had a playoff career-high 28 points for the Warriors, who again played without star Stephen Curry because of the hamstring strain that forced him out of the second quarter in Game 1 and took the heart out of their entire offensive operation.

“I don’t want to take anything away from what Minnesota just accomplished,” coach Steve Kerr said. “No sense in even talking about Steph.”

Jonathan Kuminga provided another energy boost off the bench with 26 points, but Podziemski’s performance came too late and the production from Jimmy Butler and Buddy Hield was consistently too little after they led the series-opening win.

Golden State presented far more of a defensive challenge than the Los Angeles Lakers did for Minnesota during their five-game series in the first round, but the collection of every-level scorers the Wolves can throw at an opponent when they’re moving the ball and pushing the pace simply wore down the Warriors over the course of the series.

Rudy Gobert was a force around the rim with 17 points, Mike Conley had 16 points and eight assists, and Donte DiVincenzo snapped out of a slump with 13 points as the Wolves shot a staggering 77% on 2-pointers (36 for 47). They set franchise postseason records for assists (36) and field goal percentage (62.8%).

Series close-out games can sometimes be the toughest to win, but the Wolves played with a ferocity paired with their shooting touch that all but portended victory. Randle kept up his superb postseason, providing a constant source of energy and production.

The Wolves stretched their lead as high as 25 points in the third quarter, large enough to withstand a late Warriors push that pulled them to 99-90 with 7:11 left. But Edwards answered with a 3, and the crowd started mixing “Wolves in 5! Wolves in 5!” chants in with the roars for each made basket that got them closer to advancing.

“There is no satisfaction,” Edwards said. “We just got here.”

AP NBA: https://apnews.com/hub/NBA

Minnesota Timberwolves' Anthony Edwards celebrates a basket and a foul for Julius Randle in 2nd quarter in NBA Western Conference Semifinals' Game 5 at Target Center in Minneapolis on Wednesday, May 14, 2025.(Scott Strazzante/San Francisco Chronicle via AP)

Minnesota Timberwolves' Anthony Edwards celebrates a basket and a foul for Julius Randle in 2nd quarter in NBA Western Conference Semifinals' Game 5 at Target Center in Minneapolis on Wednesday, May 14, 2025.(Scott Strazzante/San Francisco Chronicle via AP)

Minnesota Timberwolves forward Julius Randle (30) shoots over Golden State Warriors forward Gui Santos (15) during the second half of Game 5 of an NBA basketball second-round playoff series, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

Minnesota Timberwolves forward Julius Randle (30) shoots over Golden State Warriors forward Gui Santos (15) during the second half of Game 5 of an NBA basketball second-round playoff series, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

Golden State Warriors guard Stephen Curry (30) looks on near the bench during the second half of Game 5 of an NBA basketball second-round playoff series against the Minnesota Timberwolves, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

Golden State Warriors guard Stephen Curry (30) looks on near the bench during the second half of Game 5 of an NBA basketball second-round playoff series against the Minnesota Timberwolves, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

Minnesota Timberwolves guard Anthony Edwards (5) celebrates after scoring during the second half of Game 5 of an NBA basketball second-round playoff series against the Golden State Warriors, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

Minnesota Timberwolves guard Anthony Edwards (5) celebrates after scoring during the second half of Game 5 of an NBA basketball second-round playoff series against the Golden State Warriors, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

Minnesota Timberwolves guard Anthony Edwards (5) looks to shoot against Golden State Warriors' Pat Spencer, right, and Buddy Hield, left, during the second half of Game 5 of an NBA basketball second-round playoff series, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

Minnesota Timberwolves guard Anthony Edwards (5) looks to shoot against Golden State Warriors' Pat Spencer, right, and Buddy Hield, left, during the second half of Game 5 of an NBA basketball second-round playoff series, Wednesday, May 14, 2025, in Minneapolis. (AP Photo/Abbie Parr)

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