ETF 100 A ETF ETF ETF 571 104 83100 03100 2012 11 2
ETF 100A ETF 2012 7 25 100 A ETF 8.6 104 i
1933 1940 (i) 1974 ERISA 1 ERISA 3(3) (ii) 19864975 4975(e)(1) (iii) ERISA4975 (iii) ERISA4975 ERISA 4975 (http://www.efunds.com.hk/fund_ch.htm) (852) 3929 0988 ii
RQFII 8 35 3501-02 1 * 8 33 200120 * 48 3 50 Credit Suisse Securities (Hong Kong) Limited 1 88 1 52 * 189 25-28 510620 1 199 2 * 45 3 50 Credit Suisse Securities (Hong Kong) Limited 1 88 1 iii
1 Nomura Securities (Hong Kong) Limited 8 30 J.P. Morgan Broking (Hong Kong) Limited 8 22 UBS Securities Hong Kong Limited 42 Nomura Securities (Hong Kong) Limited 8 30 * Bluefin HK Ltd 7 UBS Securities Hong Kong Limited 42 Credit Suisse Securities (Hong Kong) Limited 1 88 2 33 Nomura Securities (Hong Kong) Limited 8 30 88 13 UBS Securities Hong Kong Limited 42 * 2012 11 9 iv
.............................. 1........................................................ 2........................................................ 10........................................................ 11......................................... 15................................... 30................. 31................................................. 35.................................................. 38.................................................... 42.................................................. 53............................................... 61.................................................... 69.................................. 71 v
1
A QFII RQFII (a)(i) (ii) (b) 2
(a) 20% 20% (b) (a) (c) (d) (a) (b) (c) (a) (b) (i) (ii) 3
(a) (b) 4
(a) (b) (a) (c) (d) (c) (d) (e) (i) (ii) (iii)(iv) (i) (ii) (iii) (iv) (v) 2012 8 27 5
(a) (b) QFII 6
RQFII RQFII (a) (b) (c) 7
(d) (e) 2 571 ETF 2012 7 25 8
Cititrust Limited 9
104 8.6 100 A ETF 10
(a) (b) 11 11
2 (a) * 12
(b) * (c) 13
* # # * # 14
(a) 15
(b) (i) (ii) (iii) (iv) (a) (i)(ii) (iii) (b) (c) (d) 16
(a) (b) (c) 17
(a) (i)(ii) (iii) (b) (c) A (d) RQFII (e) (f) (g) (h) (i) 18
(i) (ii) (i) (ii) 19
(a) (b) (c) (d) 20
(a) (b) (i) (ii)(iii) (iv) (a) (i)(ii) (iii) (b) 21
(c) (d) (e) 22
11 (a) (b) (c) (a) (i)(ii) (iii) (b) (c) (d) (e) (f) 23
(i)(ii) 0.00005 0.00005 24
(a) (b) 25
(c) (d) 10% 10% 10% (a) (b) (c) 26
(d) (e) (f) (g) (h) (i) 10% 10% (http://www.efunds.com.hk/fund_ch.htm) 27
(a) (b) (i) (ii) (a) (b) 28
29
30
(a) 8.6(h) 11 10% (b) 10% (c) 15% (d) 8.6(i) 30% 31
(e) (d) 8.6(i) (f) (g) 20% (i) (ii) (h) 15% (i) (i) 10% (ii) 30% (1) (2) (3) 32
(a) 0.5% 5% (b) (c) 10% (d) (e) 25% (f) (g) (h) (i) 33
10% 10% 8.6(h) 10% 8.6(h) 30% ETF ETF 25% (a) (b) (c) 34
(a) (i) (ii) (iii) (iv) (b) (c) (d) (b) (e) 35
(f) (a) (b) (c) (d) (e) (i) (ii)(1) (2) 36
(http://www.efunds.com.hk/fund_ch.htm) 0.00005 0.00005 0.00005 0.00005 (http://www.efunds.com.hk/fund_ch.htm) 37
(a) 18,000 1 1,000 1 2 8,500 3 8,500 4 1 18,000 1,000 2 18,000 1,000 3 4 38
(b) (i) 5 (ii) 0.003% 6 0.005% 7 5 8 (c) V1 0.99% 5 6 0.003% 7 0.005% 8 5 39
1.00% 5,000 40
1,000,000 5,000,000 5 41
42
43
44
15% 45
(i) 1(ii) (iii) (iv) (v) 46
10% 47
25% RQFII RQFII 48
3 49
50
104 3 51
(i) (ii) 52
2008 8 CE ARO593 V49 2001 4 17 2011 12 1,900 23 53
2001 2001 2005 2005 49 2011 54
1974 29 (a) (b) (a) (b) (i) Euro-clear Clearing System Limited Clearstream Banking S.A. (ii) 55
OFAC OFAC OFAC OFAC OFAC OFAC OFAC 56
RQFII (a) (b) (c) A RQFII RQFII 57
(www.efunds.com.hk/fund_ch.htm) 3www.hkex.com.hk www.efunds.com.hk/fund_ch.htm (a) (b) 58
(c) (d) (e) (f) 59
(a) (b) (c) (d) (e) (f) 60
12 31 2012 12 6 30 2012 12 31 2013 6 30 10% 61
(i) (ii) (iii) 10% 21 25% 75% 10% 50% 62
(i)90 (ii) (iii) (iv) (v) 90 (vi) 60 (i) 1 (ii) (iii) (i) 1 (ii) (iii) (iv) (v) (i) (ii) (iii) 63
80 150 (f) (a) (b) (c) (d) (e) (f) XV XV 64
(a) (b) 2012 4 27 3 2 (a) (b) (c) (d) 65
(e) (f) (g) (h) (i) (i) (ii) (www.efunds.com.hk/fund_ch.htm) (a) (b) (c) (d) (e) (f) 66
(g) (h) (e) 3 2 (CNH) A (f) 3 2 CNH (www.efunds.com.hk/fund_ch.htm) http://www.csindex.com.cn 8 35 3501-02 1 67
(www.efunds.com.hk/fund_ch.htm) 68
104 16.5% 15% 69
1999 10 20 100 A ETF 70
71
100 A ETF * 100 2012 8 27 83100 03100 -R 0 2012 8 27 2012 11 9 0 100 100 0 0 10 # 200,000 0.99% 0.76% 12 31 www.efunds.com.hk/fund_ch.htm 72
0 2012 11 9 # * RQFII 5% RQFII QFII RQFII QFIIRQFII 73
RQFII (i) 2011 12 16 (ii)2011 12 20 [2011]50 (iii)rqfii RQFIIRQFII 50 RQFII RQFII A RQFII RQFII (a) RQFII (b) (i)(ii) RQFII RQFII (c) (i) (ii) RQFII RQFII (d) 74
(e) (f) (i) (ii) RQFII RQFII RQFII 2005 7 9.8% 2015 2004 2007 2012 8 134 5,6302009630 2012 9 1136 4,920 75
1. 2012 8 31 2009 2010 6 20 2012 5 9,930 2. 2012 8 31 76
2009 CNH CNY 2011 9 2% 2010 2010 7 19 2011 3 2011 8 77
A A 1990 1990 11 26 A B A QFII RQFIIB 2012 9 28 993 A 145,000 43,000 A B 1990 12 1 A B A QFII RQFIIB 2012 9 28 1,536 A484 32,000 16,000 698 29,000 10,000 354 8,380 3,100 A B A 20 210,000 2012 9 28 2,529 A 78
A 1. 100 2012 9 28 79
2. 2012 9 28 3. 2012 9 28 80
4. 2012 9 28 A 300 10% ST/S * 5% 100 1 ** 0915-0925 0930-1130 1300-1500 1457-1500 0900-0915 0915-0920 0920-0928 0930-1200 1300-1600 81
T+1 T+2 4 2 1 3 4 2 3 * 1) ST 1998 4 22 ST 2) S ** A 2012 8 27 2012 11 9 11 82
CNY CNH 83
20,000 11 80,000 (a) 20,000 20,000 (b) 80,000 84
2012 8 27 2012 11 9 100 2011 10 24 2012 8 6 www.hkex.com.hk/chi/market/sec_tradinfra/tsf/tsf_c.htm 2012 11 9 ISIN 83100 R 03100 ISIN HK0000111275ISIN HK0000126661 85
www.hkex.com.hk/chi/prod/secprod/etf/dc_c.htm 10 0.99% 0.76% 86
0.16% 20.14% 212 12 0.12% 1222 22 0.10% 2232 32 0.08% 32 40,000 120 0.99% A 300 100 A 300 A 300 A 70% 87
2006 5 26 2005 12 311,000 2012 10 2330,500 100 A (a) 33 A (b) (a) A A (b) A 50% (c) A 100 88
2005 8 25 7%10% 35% 30 40 40% (1) (2) (3)(4) (5) (6) = x 1000 = x 89
= = + 90
1 7 10% 80 120 2012 10 23 33.52% (%) 1. 4.58 2. 4.45 3. 4.23 4. 3.35 5. 3.33 6. 3.06 7. 2.77 8. 2.66 9. 2.59 10. 2.50 91
(www.csindex.com.cn) 68152793 SHCSI100 000903 399903 RQFII RQFII RQFII RQFII RQFII RQFII 92
RQFII RQFII RQFII RQFII RQFII RQFII RQFII RQFII 93
RQFII 20 20 94
RQFII RQFII RQFIIRQFII RQFII A RQFII RQFII RQFII A ARQFII A A A A A 95
10% 96
A A 1994 2005 7 21 2008 7 2010 6 2012 4 +/- 0.5% +/- 1% 97
2012 11 9 2011 3 9 10 98
RQFII A A 2005 7 21 9 15 1994 2005 7 2005 7 2012 11 9 99
(i) (ii) (iii) 2010 6 2012 2 29 5,660 25% 100
20,000 2012 11 9 3 101
A 25% 25% 10% 102
QFII RQFII RQFII RQFII RQFII RQFII RQFII RQFII 10% 10% 7% RQFII 7% 10% 25% 5% 10% RQFII A 5% 10% 103
QFII RQFII RQFII 10% 25% RQFIIA 10% A 10% A 10% 104
2009 1 1 5% [2005] 155QFII A 2009 1 1 RQFII RQFII QFII RQFII[2005] 155 QFII 5% H [1993] 149 1% 7% 3%2% A B A B 0.1% 105
2012 11 2 106