Eng Cover Doc for Return Sec Prospectus Summary
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IMPORTANT: This announcement is important and requires your immediate attention. If you are in any doubt about the contents of this announcement, you should consult your bank manager, legal adviser, accountant or other independent financial adviser. ChinaAMC Return Securities Investment Fund Summary Prospectus (Updated) (2016 No.2) The Hong Kong Representative of ChinaAMC Return Securities Investment Fund (the “Fund”) wishes to inform Unitholders and prospective investors of the Fund that China Asset Management Co., Ltd., the Fund Manager of the Fund, has issued the “ChinaAMC Return Securities Investment Fund Summary Prospectus (Updated) (2016 No.2)” (the “Summary”). Please see the attached Summary for details. Please note that in the Summary, except ChinaAMC Return Securities Investment Fund, all other funds are not authorized in Hong Kong and not available to Hong Kong residents. The Fund Manager accepts responsibility for the accuracy of the information contained in this announcement. Unitholders who have any enquiries regarding the above may contact the Hong Kong Representative at 37/F, Bank of China Tower, 1 Garden Road, Central, Hong Kong or the enquiry hotline at (852) 3406 8686 during office hours or by electronic mail at [email protected]. China Asset Management Co., Ltd. Hong Kong Representative, 20 October 2016 Summary of ChinaAMC Return Securities Investment Fund Prospectus (Updated) 2016 No.2 Fund Manager: China Asset Management Co., Ltd. Fund Custodian: Bank of China Limited Summary of ChinaAMC Return Securities Investment Fund Prospectus (updated) IMPORTANT ChinaAMC Return Securities Investment Fund (hereinafter referred to the "Fund") has been approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") on 9 July, 2003 in its approval document Zheng Jian Ji Jin Zi [2003] No.86. The Fund Contract of the Fund officially came into effect on 5 September, 2003. The Fund Manager guarantees that the contents of the Prospectus are true, accurate and complete. The Prospectus has been approved by the CSRC; but the CSRC’s approval of the offering of the Fund neither represents its substantive judgement or guarantee on the value and return of the Fund, nor indicates that there is no risk when investing in the Fund While the Fund invests in the securities markets, the Net Asset Value of the Fund will fluctuate due to factors such as fluctuations in the securities markets. The investors are entitled to the Fund Income as well as undertake the corresponding investment risks according to their unit holdings in the Fund respectively. The risks relating to this Fund include the following: systematic risks arising from political, economic, social and other influences on the prices of securities; non-systemic risks of individual securities; liquidity risk arising from consecutive substantial redemption by Fund Unitholders; active management risk arising from the fund management activities of the Fund Manager; specific risks of the Fund etc. The Fund is a securities investment fund with medium risks, and its long-term prospective income and risks on average are higher than bond funds but lower than equity funds. Investment involves risk. Before making subsequent subscription in the Fund, investors should read the Prospectus carefully to obtain a good understanding of the Fund’s characteristics regarding risks, returns and the product, and they should consider carefully whether they can afford to bear the risks, evaluate the market rationally, and make an investment decision cautiously. The Fund's past performance is not indicative of its future performance. The Fund Manager shall manage and use the assets of the Fund according to the principles of due diligence, honesty, good faith and prudence, but does not guarantee any profits or minimum returns on the Fund. The Summary is prepared pursuant to the Fund Contract and the Prospectus and approved by the CSRC. The Fund Contract is the legal document that sets out the rights and obligations of the Parties to the Fund. Investors of the Fund become Fund Unitholders and the Parties to the Fund Summary of ChinaAMC Return Securities Investment Fund Prospectus (updated) Contract, after obtaining units of the Fund pursuant to the Fund Contract. Their holding of the Fund’s units is in itself an acknowledgement and acceptance of the Fund Contract, and they shall be entitled to the rights and will assume the obligations pursuant to the Funds Law, the Measures on Operation, the Fund Contract and other relevant laws and regulations. Investors of the Fund should read the Fund Contract carefully for the purpose of understanding the rights and obligations of Fund Unitholders. The information contained in the Prospectus is as of 5 September, 2016, but the related financial data and net asset value performance data are as of 30 June, 2016. (The financial information in the Prospectus is unaudited) I. Fund Manager (I) Profile of Fund Manager Name: China Asset Management Co., Ltd. Domicile: Zone A, Tianzhu Airport Industrial Zone, Shunyi District, Beijing Office Address: 8/F, Building B, Tongtai Plaza, No.33, Jinrong Street, Xicheng District, Beijing Date of Incorporation: 9 April, 1998 Legal Representative: Yang Minghui Contact Person: Zhang Jing Customer Service Telephone No.:400-818-6666 Fax: 010-63136700 The registered capital of China Asset Management Co., Ltd, is RMB 23.8 million and its ownership structure is as follows: Shareholder Shareholding Percentage CITIC Securities Co., Ltd. 62.2% Shandong Province Rural Economic 10% Development and Investment Co. Ltd. Power Corporation of Canada 10% Qingdao Haipeng Technology Investment 10% Co., Ltd. Summary of ChinaAMC Return Securities Investment Fund Prospectus (updated) Southern Industrial Assets Management Co. 7.8% Ltd. Total 100% (II) Key Officers 1. Information relating to the Directors, Supervisors, Managers and other Senior Management Personnel of the Fund Manager Mr. YANG Minghui: Chairman of the Board, Party Secretary, Executive Director and General Manager of CITIC Securities Co. Ltd, holder of a master’s degree, and Senior Economist. Mr. Yang was formerly Director, Assistant General Manager and Vice President of CITIC Securities Ltd, Director and Executive Vice President of CITIC Holdings Ltd., Deputy Party Secretary, Executive Director and President of China Jianyin Investment Securities Co., Ltd, and also serves as Chairman of Fidelity Fund Management Co., Ltd. (信诚基金管理有限公司) and Director of E-Capital Transfer Co., Ltd. Mr. YANG Yifu: Director, holder of a master’s degree. Mr. Yang is President of Power Pacific Corporation Limited in charge of Canada-based Power Pacific’s investment activities in China, and is also Director of SanChuan Energy Development Co., Ltd., and Executive Director of China Investment Association. Mr. Yang was Chief Representative of International Finance Corporation (a member of the World Bank Group in China) etc. Mr. HU Zuliu: Director, Ph.D., and professor. Mr. Hu is Chairman of Primavera Capital Group. Mr. Hu was the former Senior Economist of the International Monetary Fund, the Chief Economist at the World Economic Forum in Davos, Chairman of the Greater China region, Partner and Managing Director of Goldman Sachs Group. Mr. XU Gang: Director, and Ph.D.. Mr. Xu is a Director of CITIC Securities (Shandong) Co., Ltd., CITIC Futures Co., Ltd., Qianhai Equity Exchange (Shenzhen) Co. Ltd., Qingdao Blue Ocean Equity Exchange Co. Ltd. and Xiamen Cross-strait Equity Exchange Co. Ltd. Mr. GE Xiaobo: Director and holder of a master’s degree. Mr. Ge is the Party Committee Member and Managing Director of CITIC Securities. Mr. Ge won the National Financial Labour Medal in 2007. Mr. TANG Xiaodong: Director, General Manager and holder of a master’s degree. Mr. Tang 1 Summary of ChinaAMC Return Securities Investment Fund Prospectus (updated) previously worked at JP Morgan, ABN-AMRO BANK, RBS, and CSRC. Mr. Zhu Wuxiang: Independent Director, Ph.D., and professor. Mr. Zhu is a professor of Finance and Doctoral Tutor of Tsinghua University School of Economics and Management, and he also serves as an independent director of five listed companies, namely Beijing Construction Group (a Hong Kong-listed company), ChinaAMC Fortune Foundation, CNOOC Offshore Engineering, Dongxing Securities Co., Ltd. and ZTE Corporation. Mr. JIA Jianping: Independent Director, Bachelor, and Senior Economist. Mr. Jia is retired. Mr. Jia is an independent director of Dongguan Bank. Mr. Jia worked in Beijing Arts & Crafts Import & Export Corporation, and China Bussan Co., Ltd. New York office (worked abroad). He served as Deputy Director, Director of Bank of China Trust and Consulting Company, Deputy General Manager of Bank of China Luxembourg Branch, Chief Representative of Bank of China Office Representative in Italy, Vice Chairman and President of BOC Group Investment Management Company, General Manager of Bank of China Restructuring and Listing Office, Office of the Secretary of the Board, Public Listing Office, and Chairman of BOC Fund Management Limited. Mr. XIE Deren: Independent Director, Ph.D., and professor. Mr. Xie is a Professor and Doctoral Tutor of Accounting at Tsinghua University School of Economics and Management. He also serves as an independent director of China United Life Insurance Co., Ltd., Beyondsoft Corporation. (a listed company), and Longshine Technology Co Ltd. He is Council member of 8th council of China Accounting Society and Vice Chairman of 8th council of China Accounting