HONG KONG, Oct 22 (Bernama-BUSINESS WIRE) — CSOP Asset Management Limited (“CSOP”) announce the listing of CSOP Yinhua CSI 5G Communications Theme ETF (stock ticker: 3193.HK) on Hong Kong Stock Exchange. As one of the first batch of ETFs under the HKEX and SZSE ETF cross-listing scheme, 3193.HK will track the performance of the CSI 5G Communication Index, before deduction of fees and expenses, by investing in the CSI 5G Communication ETF listed on SZSE via the RQFII quota. With listing price at around HKD 8.1 per unit, trading lot of 100 and management fee of 0.99%, CSOP Yinhua CSI 5G Communications Theme ETF will start to trade on October 23, 2020.¹ Upon inception, 3193.HK has received around USD 5 million initial investment. On the same day, the feeder ETF investing in CSOP’s HKEX listed ETF – ICBC CSOP S&P China New Sectors ETF (3167.HK) will also list on Shen Zhen Stock Exchange. The feeder ETF has already brought CNY 900 million inflows to 3167.HK, doubling its size of the master fund. ²
5G is the 5th generation mobile network upgraded from the current 4G network we are using. Because of its higher data speeds, ultra-low latency, more reliability and massive capacity, 5G makes the mobile network more powerful and the connection of everyone and everything together including machines, objects and devices possible. Thanks to 5G, numerous conceptual experiences and services such as virtual reality, augmented reality, Internet of Things, auto driving, remote healthcare, and more will become real. Moreover, the economic benefits brought by 5G are also gigantic. By 2035, the 5G’s full economy effect is expected be fully realized, supporting a wide range of industries from retail to education, transportation to health care and potentially enabling up to USD 13.2trillion worth of goods and services. ³