HSBC has been appointed as the custodian and fund administrator for the ETF named CSOP INVESTMENTS VCC - ICBC CSOP FTSE Chinese Government Bond Index ('CSOP'). This is the first ETF launched under the authorised Variable Capital Company (VCC) structure in Singapore.

Launched in January by the Monetary Authority of Singapore (MAS), the VCC is a new corporate structure for investment funds that offers flexibility and cost savings to global asset managers seeking to establish new funds or re-domicile their overseas funds in Singapore. The framework covers all traditional and alternative strategies with either open-ended or closed-ended funds. In addition to Singapore's established ecosystem of issuers and market making capabilities, this new entity adds to the city-state's uniqueness as a key asset management hub, linking global investors to Asia and its investible asset classes.

"We are delighted to partner with CSOP and provide our leading securities services offering for the first ETF under the authorised VCC in the country," said Gavin Powell, Head of Global Markets, HSBC Singapore. "New fund structures like VCC now available in Asia Pacific are putting the spotlight on the region as a viable international investment hub. This strengthens our commitment to the development of the region's fund management industry," he added.

Ms. Ding Chen, CEO of CSOP Asset Management said, "As the first Chinese offshore asset manager to issue an ETF in Singapore, we are proud to introduce the ICBC CSOP FTSE Chinese Government Bond Index ETF under VCC structure to global investors. We appreciate the continuous support from HSBC all the way from Hong Kong to Singapore. Their professional custodian service has enabled us to bring more exciting products to global investors."

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

HSBC has been appointed as the custodian and fund administrator for the ETF named CSOP INVESTMENTS VCC - ICBC CSOP FTSE Chinese Government Bond Index ('CSOP'). This is the first ETF launched under the authorised Variable Capital Company (VCC) structure in Singapore.

Launched in January by the Monetary Authority of Singapore (MAS), the VCC is a new corporate structure for investment funds that offers flexibility and cost savings to global asset managers seeking to establish new funds or re-domicile their overseas funds in Singapore. The framework covers all traditional and alternative strategies with either open-ended or closed-ended funds. In addition to Singapore's established ecosystem of issuers and market making capabilities, this new entity adds to the city-state's uniqueness as a key asset management hub, linking global investors to Asia and its investible asset classes.

"We are delighted to partner with CSOP and provide our leading securities services offering for the first ETF under the authorised VCC in the country," said Gavin Powell, Head of Global Markets, HSBC Singapore. "New fund structures like VCC now available in Asia Pacific are putting the spotlight on the region as a viable international investment hub. This strengthens our commitment to the development of the region's fund management industry," he added.

Ms. Ding Chen, CEO of CSOP Asset Management said, "As the first Chinese offshore asset manager to issue an ETF in Singapore, we are proud to introduce the ICBC CSOP FTSE Chinese Government Bond Index ETF under VCC structure to global investors. We appreciate the continuous support from HSBC all the way from Hong Kong to Singapore. Their professional custodian service has enabled us to bring more exciting products to global investors."