Fund affords world investors diversified funding opportunities during China equity and mounted profits markets
HONG KONG, SHANGHAI and LUXEMBOURG, Sept. 21, 2020 /PRNewswire/ — Ping An Insurance (Neighborhood) Company of China, Ltd. (hereafter “Ping An” or the “Neighborhood”, HKEX: 2318; SSE: 601318) is cosy to whine that its offshore funding platform, Ping An of China Asset Administration (Hong Kong) Co., Ltd. (“PAAMC HK” or the “Company”), has launched its first UCITS (Undertakings for Collective Funding in Transferable Securities) umbrella fund.
Ping An of China Asset Administration Fund (the “Fund”), in conjunction with its four key Sub-Funds, are domiciled in Luxembourg. It plans to practice for mutual recognition by Securities and Futures Commission for public offering in Hong Kong.
The Fund’s funding strategy builds on Ping An’s 20+-yr music file of profitable funding in China equity and mounted profits markets. The Fund makes use of PAAMC HK’s systematic, quantitative and scientific funding methodologies to present world investors a extensive different of funding opportunities in China with flexibility and efficiency.
Every of the four Sub-Funds managed by PAAMC HK has a unfamiliar funding purpose and strategy:
China A-Shares AI Multi-Ingredient Fund
This Sub-Fund employs multi-component units to own a well-diversified equity portfolio. It makes use of evolved man made intelligence (AI) tactics for stock different and portfolio optimization. It aims to discontinue precise extra returns above the benchmark China Securities Index (CSI) 300 Total Return Index. As well as to making use of general elements in the market, Ping An’s AI quantitative researchers own developed proprietary elements to make stronger its efficiency and to reduce correlations with varied quantitative funds.
China Inexperienced Bond Fund
This Sub-Fund basically invests in China and emerging markets inexperienced bonds which might maybe per chance be aligned with world requirements to promote inexperienced financing and to advance environmentally pleasant investments and social consciousness in China and varied emerging worldwide locations. Bolstered by solid home financial restoration and protection pork up, China inexperienced bonds no longer handiest succor investors take grasp of China’s inexperienced opportunities, however moreover mitigate risk as a result of its low correlations to varied foremost asset classes.
China High-Yield Non-public Strategy Bond Fund
This Sub-Fund aims to discontinue absolute return from funding profits and lengthy-term capital appreciation, basically investing in excessive-yield company bonds and debt securities. It might maybe per chance maybe per chance well also moreover make investments in debt securities issued by sovereign, authorities companies and/or firms having foremost operations in mainland China.
Emerging Market Income Fund
This Sub-Fund is designed to discontinue absolute return from profits and lengthy-term capital appreciation by investing at least 60% of its obtain resources in debt securities issued by sovereign, authorities companies and/or firms having foremost operations in emerging market worldwide locations.
Hoi Tung, Ping An Neighborhood Funding Committee Member and Chairman & CEO of Ping An In a single other country Holdings, acknowledged, “Leveraging the energy of Ping An’s funding journey in China, this new UCITS automotive affords world investors the different to make investments in China’s equity and mounted profits markets. We see forward to launching extra merchandise and services that meet world investor demands.”
Chi Package Chai, Head of Capital Markets and Chief Funding Officer, Ping An of China Asset Administration (Hong Kong), acknowledged, “Capitalizing on the geographic earnings of Hong Kong, PAAMC HK connects mainland China with the leisure of the arena. We are committed to succor our onshore Chinese potentialities to make investments globally and our world potentialities to make investments in China. For the time being, we’re seeing solid increase in demand for Chinese resources, as China can present every pickup in yields and portfolio diversification. We are very enraged to expand our offering to embody our first UCITS fund, which affords our world potentialities receive admission to to opportunities to make investments in China.”
 The Fund is no longer authorized by the Securities and Futures Commission in Hong Kong. It is a ways no longer publicly equipped in Hong Kong.
About Ping An Neighborhood
Ping An Insurance (Neighborhood) Company of China, Ltd. (“Ping An“) is a world-main technology-powered retail monetary services community. With over 210 million retail customers and 560 million Web customers, Ping An is without doubt one of many greatest monetary services firms in the arena.
Ping An has two over-arching suggestions, “pan monetary resources” and “pan well being care”, which level of curiosity on the provision of monetary and healthcare services thru our integrated monetary services platform and our 5 ecosystems of monetary services, well being care, auto services, precise property services and tremendous city services. Our “finance + technology” and “finance + ecosystem” suggestions purpose to originate customers and recordsdata superhighway customers with modern and clear-reduce merchandise and services the use of technology. As China’s first joint stock insurance firm, Ping An is committed to upholding the very ideal requirements of company reporting and company governance. The Neighborhood is listed on the stock exchanges in Hong Kong and Shanghai.
In 2020, Ping An ranked 7th in the Forbes Global 2000 checklist and ranked 21st in the Fortune Global 500 checklist. Ping An moreover ranked 38th in the 2020 WPP Kantar Millward Brown BrandZTM High 100 Most Valuable Global Producers checklist. For extra recordsdata, please lunge to www.pingan.cn.
About Ping An of China Asset Administration (Hong Kong)
Ping An of China Asset Administration (Hong Kong) Co., Ltd. modified into established in 2006. It is a relate subsidiary of China Ping An Insurance In a single other country (Holdings) Tiny and a completely-owned subsidiary of Ping An Insurance (Neighborhood) Company of China, Ltd. (2318.HK and 601318.SH). It is licensed by the Securities and Futures Commission of Hong Kong to habits Kind 1 (Dealing in Securities), Kind 4 (Securities Session) and Kind 9 (Asset Administration) regulated actions. With solid capabilities in funding learn and asset administration, PAAMC HK is a main provider of world funding administration alternate choices in equities, mounted profits, ETFs, structured merchandise and different resources. For extra recordsdata, please lunge to asset.pingan.com.hk.
SOURCE Ping An Insurance (Neighborhood) Company of China, Ltd.