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

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

Industrial and Commercial Bank of China (Europe) S.A. ("ICBC (Europe)") today 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.

"At ICBC we are committed to providing first-class China and RMB solutions to our clients," said CHEN Fei, Chairman of ICBC (Europe). "We are excited to work with ICBC Credit Suisse and S&P on this pioneering project, and are delighted to extend availability of this important tool to global investors."

"The S&P China 500 Index is designed to capture the 'Total China' story in a more complete, diversified and efficient approach," said Richard Tang, CEO of ICBCCS International. "The fund provides very unique China access for investors, and is the first of our UCITS range of China solutions."

"We are pleased to serve as the index provider for this initiative by providing the S&P China 500 Index as the underlying of ICBC (Europe) and ICBCCS International's new index fund," said Michael Orzano, Director of Global Equity Indices at S&P Dow Jones Indices. "We look forward to working closely with them to facilitate international investors' access to the Chinese equity market."

The fund is the first to use S&P China 500 index as benchmark. It will be first registered in Luxembourg, Belgium, France, Italy, Spain, Germany, UK, Switzerland and the Netherlands, and is available in different share classes including RMB, USD, EUR, GBP and CHF.

About ICBC (Europe)

As the regional hub of ICBC Group in Continental Europe, ICBC (Europe) is the major player of cross-border RMB business across the European markets. The Bank provides a variety of RMB products and services, and was awarded the "best bank in Luxembourg" by Euromoney in July 2014.

About ICBC Credit Suisse Asset Management

ICBC Credit Suisse Asset Management (ICBCCS) is the asset management joint venture between the Industrial and Commercial Bank of China (ICBC) and Credit Suisse established in 2005. It is the leading China manager serving over 12 million institutional and retail clients, with RMB800 billion in assets under management as of end of November 2015.

Media Contact

ICBC (Europe) S.A.
352-2686-661
yang.chao@eu.icbc.com.cn / qu.qinyi@eu.icbc.com.cn
www.icbc.eu

ICBC Credit Suisse Asset Management (International) Co. Ltd.
852-3975-3675
enquiry@icbccs.com.hk
www.icbccs.com.hk


Disclaimer

This information is neither an offer nor a solicitation to buy or sell any securities or to provide any investment service. ICBC Credit Suisse Asset Management (International) Co., Ltd. (ICBCCSI) uses reasonable efforts to obtain information from sources which it believes to be reliable. ICBCCSI makes no representation or warranty as to the accuracy, reliability or completeness of the information. This communication is not intended to be comprehensive or to provide investment, tax or other advice. It has been prepared for multiple distributions and does not take account of the specific investment objectives of individual recipients and it may not be appropriate in all circumstances. The information provided in this communication is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any of the information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. This communication may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. This communication has been prepared by ICBC Credit Suisse Asset Management International Co., Ltd., a member of ICBC Credit Suisse Asset Management Co., Ltd., a company incorporated in Beijing, China. © 2015 ICBC Credit Suisse Asset Management (International) Co. Ltd. All rights reserved. The S&P China 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by ICBC Credit Suisse Asset Management (International) Co., Ltd. (“ICBCCSI”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by ICBCCSI. The ICBC Credit Suisse S&P China 500 Fund is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability or investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P China 500 Index.

ICBC Credit Suisse Asset Management (International) Company Limited.,Beijing ICP preparation 05063708