Citi to Provide China Asset Management Global Custody, Trustee and Fund Administration Services for New Exchange-Traded Fund

Hong Kong - October 23, 2013 – Citi Hong Kong has been appointed by China Asset Management (Hong Kong) Limited (CAMHK) to provide global custody, trustee and fund administration services for their newly-launched CES China A80 Index Exchange-Traded Fund (ETF). Selected as the Renminbi Qualified Foreign Institutional Investors (RQFII) custodian, Citi China is responsible for ensuring the safe custody of CAMHK's assets under management within China. This appointment further strengthens Citi's continued alliance with CAMHK since the launch of its CSI 300 Index ETF, the world's first RQFII A-Share ETF, in July 2012.

As the pioneer and the only provider to offer end-to-end solutions combining market making, seed capital, custody, accounting, administration and trustee services for ETF issuers, Citi is a trusted partner in the region with extensive capabilities in servicing local funds and supporting Renminbi (RMB) related businesses.

Launched on August 26, the CES China A80 Index ETF is a sub-fund of the ChinaAMC ETF Series. It is CAMHK's second RQFII ETF, and the first listed on the Hong Kong Stock Exchange based on an index developed by the China Exchanges Services Company. The inauguration of the fund not only demonstrates the further development of RQFII, but also cements CAMHK's leadership position in the industry space.

Iris Chen, Chief Executive Officer of CAMHK said, "We are delighted to expand our partnership with Citi on the launch of our new CES China A80 Index ETF. Citi's expertise is an invaluable asset in assisting us to complete the fund set up quickly and be the first to market the creation of a new wave of RQFII products that has never been done before. We look forward to growing our relationship with Citi and working together on the launch of more funds in the future."

"This mandate marks a significant extension of Citi's collaboration with China Asset Management, we are excited to be a strategic partner in their expanding RMB ETF business," said David Russell, Region Head, Asia Pacific, Securities and Fund Services. "China Asset Management can count on our steadfast commitment in providing an integrated and complete solution to support them in improving operational efficiency, enabling them to harvest the benefits of working with a truly global partner."

Citi OpenInvestor SM is the investment services solution for today's diversified investor, combining specialized expertise, comprehensive capabilities and the power of Citi's global network to help clients meet performance objectives across asset classes, strategies, and geographies. With an on-the-ground presence in over 95 countries, Citi offers award winning service and unmatched scale. Citi provides complete investment services for institutional, alternative, and wealth managers delivering middle office, fund services, custody, investing and financing solutions focused on clients' specific challenges, customized to their individual needs.


About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

About China Asset Management (Hong Kong) Limited
CAMHK is a wholly owned subsidiary of China Asset Management Co., Ltd. (ChinaAMC), the largest fund management company in China. With over $50billion of assets under management, ChinaAMC a leading provider of China related investment and advisory services to institutional and individual clients. It subsidiary, CAMHK, is a leading RQFII manager who has launched one of the first RQFII bond funds and the first RQFII ETF in the world.

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