China Exchanges Services Company Limited (CESC) Welcomes 21 October Listing Of First ETF Tracking Its Cross Border CES 120 Index


China Exchanges Services Company Limited (CESC) welcomes the listing of the first Exchange Traded Fund, or ETF, tracking its cross border CES China 120 (CES 120) Index, which is scheduled for Monday, 21 October 2013.

The E Fund CES China 120 Index ETF to be listed on Hong Kong Exchanges and Clearing Limited’s (HKEx) securities market by E Fund Management (HK) Co, Ltd is a physical ETF that includes A shares and Hong Kong shares, and will be traded and settled in both Hong Kong dollars and renminbi.

The CES 120 Index was introduced by CESC on 10 December 2012. It is the first index tracking the performance of A shares (A shares of 80 large companies listed in Shanghai or Shenzhen) as well as shares of Mainland companies listed in Hong Kong (shares of 40 large Mainland companies listed on HKEx’s securities market).

HKEx launched futures on the CES 120 Index on 12 August 2013.

“We are pleased to see the launch of the first ETF on our cross border CES 120 Index,” said Bryan Chan, Chief Executive of CESC. “It will be the first ETF tracking a combination of A shares, H shares, red chips and shares of Mainland private enterprises listed in Hong Kong.

“We hope to see more products on our indices,” Mr Chan added.