CICC Hong Kong Asset Management launches Chinese equity fund
HONG KONG, July 21, 2022 /PRNewswire/ — China International Capital Corporation Hong Kong Asset Management Limited (“CICC HKAM”), a wholly owned subsidiary of China International Capital Corporation Limited (“CICC”, 601995.SH, 3908.HK), today announced the launch of the CICC China Equity Fund (the “Fund”).
Drawing on CICC’s global investment expertise China market, the Fund seeks to generate long-term capital appreciation for investors by investing in China economic growth. The Fund will primarily invest in equity and equity-like securities (including American Depository Receipts and/or Global Depository Receipts) of companies domiciled or exercising the predominant part of their economic activity in: the People’s Republic of China; and equity funds and/or exchange traded funds which will have similar investment objectives and/or strategies to those of the Fund.
“This fund underscores our commitment to developing cross-border investment products and serving our clients around the world,” said Frank XuDeputy Chairman of CICC and Head of the Asset Management Segment, “With our in-depth knowledge of companies in the Chinese A and H share universe, the new fund will provide international investors with access to the second largest stock market in the world.”
The launch of the Fund marks a new milestone for CICC HKAM, which offers a wide range of asset management products and services to investors. This is the seventh compartment of its CICC Fund Series mutual fund. Other sub-funds of CICC Fund Series include CICC Hong Kong Equity Fund and five hong kong Listed ETFs. With the vision of becoming a “recognized Chinese investment expert for global investors” and a “trusted foreign asset management partner for Chinese institutions”, CICC HKAM strives to bridge the gap between China and the rest of the world, help domestic investors achieve global asset allocation and introduce China rapid development with international investors.
 The data source: Willis Towers Watson. See https://www.wtwco.com/en-HK/Insights/2021/10/the-merits-of-a-stand-alone-equity-allocation-to-china.
About China International Capital Corporation Limited (CICC):
China International Capital Corporation Limited (CICC, 03908.HK, 601995.SH) is a leading investment bank, founded in China in 1995, providing top-notch financial services to businesses, institutions and individuals worldwide. As the first international joint venture investment bank Chinathe CICC plays a unique role in supporting China economic reforms and liberalization through the provision of comprehensive one-stop domestic, foreign and cross-border financial services, including investment banking, equities, FICC, wealth management, asset management, private equity investment and research. Like a China expert, CICC provides in-depth and insightful interpretation and analysis of the Chinese economy and markets. With sustainability at the core of CICC’s values, we seek to create long-term value for society and actively practice corporate social responsibility at the highest level in the industry. Based at beijingCICC has more than 200 branches in mainland China and offices in Hong Kong SAR, New York, Singapore, London, San Francisco, Frankfurt and Tokyo. For more information on CCIC, please visit www.cicc.com or follow us on LinkedIn.
About China International Capital Corporation Hong Kong Asset Management Limited:
China International Capital Corporation Hong Kong Asset Management Limited (“CICC HKAM”) was established in 2005 in hong kong as a wholly owned subsidiary of China International Capital Corporation Limited (“CICC”), a leading Chinese investment bank. CICC HKAM is licensed by the Securities and Futures Commission (“SFC”) to engage in Type 4 (securities advisory) and Type 9 (asset management) regulated activities.
CICC HKAM offers a full suite of asset management products and investment solutions, including SFC-authorized funds, ETFs, non-SFC-authorized funds, as well as discretionary account management. CICC HKAM’s capabilities cover major asset classes including fixed income, equities, commodities as well as quantitative strategies. CICC HKAM also manages one of the largest* QFII (“Qualified Foreign Institutional Investors”) programs.
Adhering to CICC’s core value of “Chinese roots and international reach”, CICC HKAM is committed to serving investors with the best asset management products and investment solutions.
*Source: National Foreign Exchange Administration, at May 31, 2020
This material is issued by China International Capital Corporation Hong Kong Asset Management Limited (“CICC HKAM”) and has not been reviewed by the Securities and Futures Commission of hong kong. This document is provided for informational purposes only. Nothing contained in this document constitutes investment advice or an invitation to invest, or should be considered as such.
Although the information provided in this document has been obtained from sources that CICC HKAM considers reliable, this does not guarantee the accuracy of this information and this information may be incomplete or condensed.
Important Risk Warnings:
The CICC China Equity Fund (the “Fund”) seeks to invest primarily in equity companies. the People’s Republic of China (the “PRC”) to achieve long-term capital growth through exposure to PRC-related companies.
The Fund’s investment in equity securities is subject to general market risks, the value of which may fluctuate due to a variety of factors, such as changes in investment sentiment, political and economic conditions and factors specific to the transmitter.
The Fund is subject to concentration risk due to the concentration of its investments in companies domiciled or exercising the predominant part of their economic activity in the PRC (including hong kong, Macau and Taiwan). The value of the Fund may be more volatile than that of a fund with a more diversified portfolio of investments. The value of the Fund may also be more sensitive to economic, political, political, currency, liquidity, tax or regulatory events adversely affecting the PRC markets.
The Fund’s investment in financial derivative instruments is subject to additional risks, including counterparty and credit risk, liquidity risk, valuation risk, volatility risk and OTC transaction risk. .
Investing involves risk, including possible loss of principal. Please note that the investment risks mentioned above are not exhaustive. Investors should not rely solely on this document to make investment decisions, but should carefully read the offering documents, including the full text of the risk factors set out therein, before investing.