/ 6 21 MSCI A 222 5% 0.73% B H A 29% MSCIA 5 8 A A 35% A A A 2017 4 58 17
C over Story A A QFII/RQFII QFII RQFII A A A A 2016 A A 1 QFII RQFII separate account KEY ACCESS CHANNELS TO CHINA A-SHARES ROFII QFII Stock Connect Eligible Investors Institutional investors based in selected eligible locations Individual Quota:None Institutional investors that meet certain operation and AUM requirements Base quota ranging from US$20 million to US$5 billion All investors Application Process Need license(csrc)and quota(safe) The process can range from weeks months Applications for base quota will be filed with SAFE via onshore custodians Applications for quota exceeding US$5 billion will Be required to apply to SAFE directly for approval N.A. Capital Mobility Open-Ended Funds: -Repatriation:Daily -Lock-up:None -Remit Period:None -Others:Quota required to be used within 1 year upon approval Others: -Repatriation:Monthly -Lock-up:1 year -Remit Period:6 months Open-Ended Funds -Repatriation:Daily -Lock-up:3 months -Remit Period:N.A. -Others:Monthly repatriation cannot exceed 20% of NAV of previous year Others -Repatriation:Daily -Lock-up:1 year -Remit Period:6 months -Others:Monthly repatriation cannot exceed 20% of NAV of previous year No restriction Equity Coverage Universe All securities listed on Shanghai AND Shenzhen Stock s 570+stocks listed on Shanghai Stock 18 CHINA FUTURES
QFII A A MSCI A MSCI 40% A 17% A A A A 7 1 A A MSCI MSCI A A 170 180 A 3400 8 500 MSCI IPO IPO A MSCI A MSCI A 2017 4 58 19
C over Story A A 2 A A 3 A 3 2015 HOMS T+1 A Money Matters Shares of global bank reserves, 1Q 2017 Share of international bonds, notes and money market instruments, June 2015 Share of foreign exchange turnover, 2016* U.S.dollar 64.5% 42.6% 87.6% Euro 19.3% 39.0% 31.4% Japanese yen 4.6% 1.9% 21.6% British pound 4.3% 9.9% 12.8% Canadian dollar 1.9% 0.8% 5.1% Swiss franc 0.2% 1.4% 4.8% Others 5.3% 4.4% 36.7% *Because two currencies are involved in each foreign exchange transaction,the sum of the shares totals 200% instead of 100%. Sources:IMF(bank reserves):bank for International Settlements (international securities,forex) THE WALL STREET JOURNAL. 20 CHINA FUTURES
A A A 9000 EXCHANGE JAN-DEC 2016 JAN-DEC 2015 %CHANGE 1 CME Group 3,942,202,299 3,531,776,304 11.6% 16 Chicago Mercantile 1,939,918,103 1,749,610,948 10.9% Chicago Board of Trade 1,273,757,700 1,196,948,856 6.4% New York Mercantile 618,424,303 503,429,700 22.8% Commodity (COMEX) 110,102,193 81,786,800 34.6% HongKong s and Clearing HongKong s and Clearing 344,642,173 359,364,547-4.1% 188,150,672 189,824,363-0.9% London Metal 156,491,501 169,540,184-7.7% 17 Japan 337,537,333 361,459,935-6.6% 21 Taiwan Futures 241,678,556 264,495,660-8.6% 22 TMX Group 201,119,409 179,942,000 11.8% Boston Options 109,202,724 103,268,442 5.7% Montreal 91,916,685 76,673,558 19.9% 23 Singapore 172,421,585 183,870,944-6.2% 37 Singapore 156,802,499 175,951,393-10.9% SGX Asiaclear 15,619,086 7,919,551 97.2% China Financial Futures 18,335,855 321,590,923-94.3% A MSCI A A A A50 E 50 FTSE 2017 4 58 21
C over Story A50 A A A A 2015 10% 3 2016 2015 37 A 50ETF A A MSCI A MSCI A A 22 CHINA FUTURES