CICC KraneShares CSI China Internet Index ETF Lists on the SEHK

BEIJING, April 10, 2018 /PRNewswire/ -- China International Capital Corporation Limited (CICC), one of China's leading investment banking and financial services firms, and Krane Funds Advisors, LLC (KraneShares) announced today the launch of their first fund together, listed on the Stock Exchange of Hong Kong (SEHK). The CICC KraneShares CSI China Internet Index ETF tracks the CSI Overseas China Internet Index, matching the benchmark and strategy of the U.S.-listed KraneShares CSI China Internet ETF (Ticker: KWEB). KWEB is listed on the New York Stock Exchange, and since 2013, has been one of performance leaders in the category, with $1.7 Billion in assets under management1. KraneShares is a U.S. asset management firm known for its China focused KraneShares exchange traded funds (ETFs).

"CICC is seeing considerable client interest and demand for a China-focused Internet ETF in the Asia market", said Lin Ning, Managing Director of China International Capital Corporation Hong Kong Asset Management Limited, the Manager of the CICC KraneShares CSI China Internet Index ETF. "We are excited to launch this innovative ETF on the SEHK".

"KraneShares is proud to partner with CICC and expand our reach into the Hong Kong market", said Jonathan Krane, CEO of KraneShares. "We believe the CICC KraneShares CSI China Internet Index ETF presents a great opportunity for investors across Asia".

The newly launched CICC KraneShares CSI China Internet Index ETF will provide investors with exposure to Chinese Internet companies that benefit from the increasing domestic consumption within China. Key constituents include Tencent, Alibaba, Baidu, JD, Weibo, etc. The fund will be available to trade on the SEHK in three currencies which include: USD Ticker: 09186, HKD Ticker: 03186 and RMB Ticker: 83186.

China is one of the world leaders in terms of total Internet users and e-commerce sales with 721 million Internet users, comprising 21.1%2 of the global Internet population in 2016. With an Internet penetration rate of just 52.2%2, there is still considerable room for growth in China's Internet sector. Additionally, China is the world leader in total e-commerce sales. In 2017, online sales in China reached $1.14 trillion3, or nearly 50% of the total $2.3 trillion e-commerce sales worldwide4.

About China International Capital Corporation Limited (CICC)

China International Capital Corporation Limited (CICC, 3908.HK) is China's first joint-venture investment bank. Since inception in 1995, CICC has always been committed to providing high quality value-added financial services to our clients. We have established a full-service business model consisting of investment banking, equities, FICC, wealth management and investment management on the basis of strong research coverage. Thanks to our economic, industrial and legal expertise, as well as quality service offerings, CICC has been awarded honors such as Best Investment Bank in China, Best Sales Service Team and Most Influential Research Institution by premier publications at home and abroad. Headquartered in Beijing, we have established subsidiaries in the Chinese mainland, branch companies in major cities including Shanghai and Shenzhen, and over 200 securities branches in 28 provinces and municipalities across China. CICC has also actively ventured into overseas markets and has established subsidiaries in New York, Singapore, London and San Francisco in addition to Hong Kong. China International Capital Corporation Hong Kong Asset Management Limited, the Manager of the CICC KraneShares CSI China Internet Index ETF, is a wholly-owned subsidiary of CICC.

About Krane Funds Advisors, LLC
Krane Funds Advisors, LLC is the investment manager for the KraneShares ETFs and the sub-manager for the CICC KraneShares CSI China Internet Index ETF. Our suite of China focused ETFs provides investors with solutions to capture China's importance as an essential element of a well-designed investment portfolio. We strive to provide innovative, first to market strategies that have been developed based on our strong partnerships and our deep knowledge of investing. We help investors stay up to date on global market trends and aim to provide meaningful diversification. Krane Funds Advisors, LLC is majority owned by CICC.

1 Data from KraneShares as of 29 March 2018. The performance and the asset under management figure of KWEB are not those of the CICC KraneShares CSI China Internet Index ETF. KWEB is not authorized by the Securities and Futures Commission in Hong Kong and not available to the public in Hong Kong.

2 Data from internetlivestats.com as of 31 December 2016. Retrieved on 4 April 2018.

3 National Bureau of Statistics of China, "Total Retail Sales of Consumer Goods in December 2017".  Retrieved on 25 January 2018. Note: Figures converted from Renminbi to USD.

4 eMarketer Report, "Worldwide Retail and Ecommerce Sales: eMarketer's Updated Forecast and New Mcommerce Estimates for 2016-2021". Retrieved on 29 January 2018.

Information contained in this Press Release does not constitute investment advice or recommendations. Before making any investment decisions, you should consider your own financial situation, investment objectives and experiences, risk tolerance level and ability to understand the nature and risks of the relevant fund/sub-fund and product. For the nature and risks involved of individual investment products, please refer to the relevant fund documents for details. You should seek independent professional advice.

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