The important targets of the Hang Seng Index are: Tencent, HSBC, AIA, China Mobile, China Construction Bank, ICBC, Bank of China, CK Hutchison, Hong Kong Stock Exchange, Ping An, CNOOC, Cheung Kong, Sun Hung Kai, Sinopec (more than 2%, The total proportion is 68%).

The important targets of the H-share index are: China Construction Bank, ICBC, Bank of China, Ping An, Petrochemicals, Life Insurance, Petroleum, Agricultural Bank of China, China Pacific Insurance, China Merchants Bank, Property & Casualty Insurance, Telecom (more than 2%, total accounting for 67%) .

The important difference is:

The H-share index basically bets on China’s finance and real estate, and is closely related to the overall macro economy. Now the overall pb of banks is around 0.6, except for banks that are overly Except for underestimation, other types of stocks are much cheaper than A-shares. Cheap prices are the last word. Indeed, many people choose the H-share index.

In addition to the more homogeneous financial, real estate, and oil industries, the Hang Seng Index also includes Tencent, HSBC, AIA, China Mobile, CK Hutchison, Hong Kong Stock Exchange, Cheung Kong Holdings, Sun Hung Kai, etc. Tencent: BAT 1. The importance and growth of HSBC are self-evident: its business covers 82 countries and is well dispersed.

Extended information:

Investment strategy:

This fund mainly adopts portfolio replication strategies and appropriate alternative strategies to closely track the underlying index. At the same time, the Fund may lend securities appropriately to better achieve the Fund's investment objectives.

(1) Portfolio Replication Strategy

This fund mainly adopts the complete replication method for investment, that is, constructing a stock investment portfolio with reference to the composition and weight of the constituent stocks of the Hang Seng China Enterprises Index, and based on the Hang Seng China Enterprises Index Changes in the component stocks and weights of the China Enterprise Index will adjust the stock investment portfolio accordingly.

(2) Alternative strategies

When market liquidity is insufficient, regulations stipulate that the Fund cannot invest in related party stocks, etc., which prevents the Fund from constructing a portfolio according to the index composition and weight. , the fund manager will replace it by investing in other component stocks, non-component stocks, and component stock derivatives.

Baidu Encyclopedia-E Fund Hang Seng China Enterprise Exchange-traded Open-End Index Securities Investment Fund