Today, CICC-SZSE 100 Index Fund (CICC-SZSE 100ETF), the first overseas ETF tracking SZSE index will list on Hong Kong Stock Exchange, with the trading code: 3051. The fund will be managed by CICC Hong Kong Asset Management Company, tracking the SZSE 100 index which is released by the SZSE and managed by Shenzhen Securities Information Co., Ltd..
The listing of SZSE 100ETF in Hong Kong is the substantial measure to carry out the arrangement to establish the closer economic and trade relationship between Mainland and Hong Kong, strengthen the cooperation between Shenzhen-Hong Kong securities markets; and on the other hand, it also will provide the new platform for overseas investors to better understand and invest in China multi-layered capital markets.
The SZSE 100 index is one of the core indexes compiled by the SZSE, standing for the “multi-layer, high-growth and innovation” characteristics of Shenzhen market. By the end of 2009, only three funds tracking SZSE 100 index had been issued in the Mainland, with the asset size totaling 47 billion yuan. Among the funds, E-Fund SZSE 100ETF listed on the SZSE ranked No. 1 in the index fund performance, getting the fourth place in the open-ended fund performance respectively in 2007, 2009.
