The First Domestic Agent to Sell ETF Over the Counter

CCB will act as the agent to issue Huaxia’s SME Board Opened-ended Index ETF (thereafter referred to as Huaxia SME Board ETF) from May 22 to June 16, 2006.

Huaxia SME Board ETF is a type of open-ended index fund that fluctuates with the price index of the SME Board in Shenzhen Stock Exchange (SSE), aims at minimizing the tracking difference and error, and uses a full replication strategy. An investment portfolio for stock funds is created based upon the composition and weights of components in the benchmark index and adjusted according to the changes in the composition and weights components.

Huaxia SME Board ETF is an innovative product developed by CCB in partnership with Huaxia Asset Management Co. Ltd. and SSE. The fund is the first exchange-trade fund in China that can be sold and traded over the counters of a commercial bank. Up to now, CCB has developed into an agent bank that offers the most diversified portfolio of fund products including stock fund, mixed fund, bond fund, currency fund, LOF and ETF to meet the wealth management needs of investors in China. CCB was among the first group of commercial banks accredited to act as agent banks for open-ended funds. CCB has built up partnerships with 16 funds management companies since 2001 and sells the funds on their behalf. The initial issuing amount reached 55 billion yuan and there are over a million subscribing customers. 

You may subscribe Huaxia SME Board ETF at CCB, but you have to first open or register an open-ended fund account with Shenzhen Branch of CSDCC (China Securities Depository & Clearing Corporation Limited). During the issuing period, you may inquire the subscription information at the bank on the next business day following the subscription. During the opening period, you may inquire the underwriting confirmation information at the bank on the 5^th business day following the underwriting and you are entitled to redeem the underwritten shares. You may inquire the redemption confirmation information at the bank on the 4^th business day following the redemption. You may subscribe the ETF in our 14,000 plus outlets across the nation. For details, please call our service hotline at 95533.