in August, 1998, xianggang government made a joint venture to purchase a large-scale xianggang stock ticket through a market. In October, 1998, the government has set up a limited foreign exchange fund investment company (the company), whose duty is to combine the investment groups into a ranked square for sale.
when looking for a way to sell these stocks, the government chose a neutral solution, which can only cause minimal disturbance to the market. The basic gold bought and sold by an exchange-Yingfu basic gold, meets the needs of the above and adds depth to the local market of Xianggang capital. The foundation of Yingfu Fund was established in November 1999, which became the first step of the government's sale plan. State Street Global Advisors Asia Ltd was appointed as the fund manager, while State Street Bank and Trust Company were appointed as the trustees of Yingfu Fund. These appointments have provided Yingfu Foundation with a full range of solutions to achieve its requirements, including the management, protection, administration and supervision of the foundation and compliance with laws and regulations.
Yingfu Fund was issued with a standard of HK$ 33.3 billion (about US$ 4.3 billion), and its initial public offering was the largest in Asia except Japan and Japan. Since the public offering, up to October 15th, 22, about HK$ 14.4 billion of Hengsheng Index shares have returned to the market through the special sustainable basis system of Yingfu Foundation.
The investment objective of TraHK Fund is to provide investment returns that are in line with the Hengsheng Index Table.
TraHK Fund is traded on the China-Hong Kong Stock Exchange, just like ordinary stocks.
The purpose of the trust is to replicate the performance of the Hang Seng Index, including the rate of return and price. As TraHK is an open unit investment trust, and represents the beneficial rights and interests of 33 constituent stocks of Hang Seng Index, investors can gain immediate risk diversification and tolerance in the largest stock in China and Hong Kong market.
TraHK is different from open mutual funds, and it is bought and sold in the same way as stocks. This will give investors the choice to buy and sell TraHK at any time during the trading day. Also, since the purpose of TraHK is to follow the Hang Seng Index, investors can always know their investment performance.
finally, TraHK provides unit holders with regular dividends, just like stocks.
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Constant growth index is widely accepted as an indicator to reflect the trend of local stock market, and its combination package includes high market value and turnover in the Stock Exchange. Companies with constant index at present include:
Bank of China *
BOC China Hong Kong Holdings Limited
Bank of East Asia Limited
Cathay Pacific Airways Limited
Changjiang Industrial Group Limited
Changjiang Infrastructure Group Limited
China Construction Bank Limited
China Merchants International Limited
China Mobile China Hong Kong Limited
China Netcom Group ( China, Hongkong) Ltd.
China Resources Venture Co., Ltd.
China Unicom Co., Ltd.
CITIC Pacific Co., Ltd.
China National Offshore Oil Co., Ltd.
COSCO Pacific Co., Ltd.
Esprit Global Holdings Co., Ltd.
Foxconn International Holdings Co., Ltd.
Henglong Real Estate Co., Ltd. < P > Hang Seng Bank Limited
Henderson Land Development Limited
China Hong Kong China Gas Company Limited
China Hongkong Electric Group Limited
China Hong Kong Stock Exchange
HSBC Holdings Limited
Hutchison Whampoa Limited
Li & Fung Limited
MTR Corporation Limited
New World Development Limited.
PCCW Limited
Sino Real Estate Co., Ltd.
China Petrochemical *
Sun Hung Kai Property Development Co., Ltd.
Swire Co., Ltd. (A shares)
Wharf Group Co., Ltd.
Yuyuan Industry (Group) Co., Ltd.
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Since TraHK is linked with the Hang Seng Index in Hong Kong, the performance of TraHK really depends on the performance of Hang Seng Index. With the continuous introduction of strong shares by Hang Seng Index service companies, including the recently heated Chinese stocks, it will push up the Hang Seng Index and lead TraHK to have a good performance.
In the short term, the Hang Seng Index has been overbought recently, and the pressure to give back is increasing. The closing price of the last year is 18.5% higher than the 25-day moving average. With the trend of so many years, the Hang Seng Index rarely leaves the 25-day moving average as much. In addition, the RSI has risen to 7 in 14 days and entered the overbought area. It is estimated that the Hang Seng Index will have an obvious retracement, and it will probably be adjusted back to the 5-day moving average, that is, it will only be able to rise again around 18,9 points to 19,2 points. If there is any,
YOKI WONG
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TraHK is a HSI constituent fund, and its rise and fall are similar to those of HSI
If you have confidence in the HSI, you can pay dividends well.