CESC welcomes listing of second ETF tracking a CESC index
24 September 2013
Category: News, China, Hong Kong
By Asia Asset Management
China Exchanges Services Company Limited (CESC) welcomed the listing of the second exchange traded fund (ETF) tracking its CES A80 Index on September 23. The CSOP CES China A80 ETF is listed on Hong Kong Exchanges and Clearing Limited’s (HKEx) securities market and managed by CSOP Asset Management Limited. It is a physical A-share ETF with trading and settlement in both Hong Kong dollars and renminbi.
The CSOP CES China A80 ETF is the second ETF on a CESC index. The first one, the ChinaAMC CES China A80 Index ETF, is also a physical ETF listed in Hong Kong with trading and settlement in both Hong Kong dollars and renminbi.
The CES China A80 Index measures the performance of A-shares of 80 large companies listed in Shanghai or Shenzhen. It was introduced by CESC on March 18 this year and is part of the company’s CES China Cross Border Index Series.
“We are pleased to see the launch of two CESC index ETFs within one month,” said Bryan Chan, chief executive of CESC. “HKEx launched a CES 120 futures contract last month (August) and we expect more new products will be added to the ecosystem of our Cross Border Index Series.”