Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the listing set for tomorrow, 19 February 2014 of the CSOP China 5-Year Treasury Bond ETF, which will be the first Exchange Traded Fund, or ETF, outside Mainland China that tracks the Mainland onshore bond market.
The underlying index of the ETF is the China Bond 5-year Treasury Bond Index compiled by China Central Depositary & Clearing Co., Ltd.
The new listing will have a Renminbi (RMB) counter and a Hong Kong (HKD) dollar counter to allow investors to trade the units in either currency. It will be HKEx’s 14th dual counter (RMB and HKD) ETF, its 12th RQFII* ETF and is the 117th ETF listed in Hong Kong.
“Tomorrow’s listing demonstrates our continued building of RMB fixed income and currency product offerings aligned with our strategy,” said Charles Li, HKEx’s Chief Executive. “With growing Hong Kong and international investors’ needs to trade the onshore Chinese Government bond market, this new ETF will provide easy access to the market through a single product and further strengthen Hong Kong’s position as the leading international market to trade RMB products.”
HKEx’s ETF turnover rose 73 per cent last year from 2012 to an all-time high of $903.1 billion.
Additional information on RQFII ETFs and other ETFs listed in Hong Kong is available on the HKEx website.
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The Renminbi Qualified Foreign Institutional Investor, or RQFII, scheme is a policy initiative of the Mainland authorities which allows qualified fund managers to invest RMB raised in Hong Kong in the Mainland’s securities markets. |
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