ICBC Europe and ICBC Credit Suisse Celebrate Authorization of S&P China 500 Index Fund

by swisscham in BFI

Industrial and Commercial Bank of China (Europe) S.A. (“ICBC (Europe)”) announced the authorization of ICBC Credit Suisse S&P China 500 Index Fund (“the Fund”) under the ICBC (Europe) UCITS SICAV umbrella, by the Luxembourg regulator Commission de Surveillance du Secteur Financier (“CSSF”). This marks the first UCITS product to access China via Luxembourg Renminbi Qualified Foreign Institutional Investor (“RQFII”) quota, shortly after ICBC (Europe) obtained its RQFII license in November and Luxembourg RQFII quota in December. ICBC Credit Suisse Asset Management International (“ICBCCS International”) will be manager of the Fund. Compared to other China indices, the S&P China 500 Index features enhanced sector diversification. It comprises 500 of the largest, most liquid Chinese companies while approximating the sector composition of the broader equity market. All Chinese share classes including A-shares and offshore listings in Hong Kong and the US are eligible for inclusion.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 28, 2022
Published By in Hospitality / Tourism / Retail
July 27, 2022
Published By in Bank / Finance / Insurance
July 13, 2022
Published By in Legal / Tax / Consulting / Services
July 13, 2022
Published By in Hospitality / Tourism / Retail