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Industrial and Commercial Bank of China (Europe) S.A. (“ICBC (Europe)”) announced the ICBC Credit Suisse SP China 500 Index Fund (“the Fund”) under the ICBC (Europe) UCITS SICAV umbrella, is authorized 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 SP China 500 Index features enhanced sector diversification. It comprises 500 of the largest, most...
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