Important Information

      I. Chinese Mainland Focus Fund (The “Fund”) invests primarily in investments which are related to mainland China.
      II. The Fund invests in China-related companies which involve certain risks not typically associated with investment in more developed markets, such as greater political, tax, economic, foreign exchange, liquidity and regulatory risks.
      III. The Fund is also subject to concentration risk due to its concentration in China-related companies. Adverse development in such region may affect the value of the underlying securities in which the Fund invests.
      IV. Investing in China exposes the Fund to additional risks including currency repatriation risk, uncertainty of taxation policies and risk associated with StockConnects, RQFII Quota, SME board, ChiNext market and/or the STAR board. The Fund may also expose to RMB currency and conversion risk.
      V. Investing in small /mid-capitalization securities may have lower liquidity and their prices are more volatile to adverse economic developments.
      VI. It is possible that the entire value of your investment could be lost. You should not make investment decision on the basis of this material alone. Please read the explanatory memorandum for details and risk factors.
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1-year performance up 56.93%1
China's future no longer lies in the old economy. Instead, the new economy is the destination we should eye.  China's speedy recovery from the pandemic, means that long term structural growth and economic transformation has not been hampered. The fund continues to favor sectors that are primarily driven by domestic demand, and those that participate in structural growth areas such as Healthcare and New Energy Vehicles. Watch the videos to learn more.
All China strategy
Covers China's A-, B- and
H-shares as well as
U.S.-listed ADRs
1-year performance up 56.93%1
Ranks the first quartile in its
year-to-date performance
among peer funds2
Well-positioned to capture
structural growth in
China's economy

Mainly from healthcare,
Internet economy and
5G-related investment themes
Why invest in Chinese Mainland Focus Fund?
Positioning for the next chapter of growth

  • Under gradual market liberalization, global investors are set to increase their allocation in China, lifting demand for mainland-listed stocks
  • The Fund may strategically invest in A-Shares (0-100%), B-Shares (0-35%), and H-Shares (0-100%)
Capturing opportunities from all sectors

Source: Bloomberg, Factset, Value Partners, as of 10 March 2020. Only the market cap of the listed share class is included. Offshore China stocks are defined based on companies with ultimate parent domiciled in China, or companies with key risk or revenue source from China. Suspended stocks are excluded.

Attractive valuations in Hong Kong and China

  • Policymakers have sufficient monetary and fiscal measures at their disposal to boost growth and cushion the economy from shocks
  • Hong Kong and China stocks are inexpensive compared to their global counterparts. Taking the positives of China's reforms and economic transformation into consideration, valuations are at even more attractive levels
2020E global P/E valuation comparison

Sources: FactSet, I/B/E/S, MSCI, Worldscope, as at 2 July 2020.

Learn more about Chinese Mainland Focus Fund:
Key awards
For more details, please contact your bank or investment consultant. You may also contact our Fund Investor Services Team.

Hotline: +852 2143 0608
Other fund in focus:
Related investment insights:
1. As at 31 July 2020. Source: HSBC Institutional Trust Services (Asia) Limited and Bloomberg, in US dollar, NAV to NAV, with dividends reinvested. Performance data is net of all fees. Chinese Mainland Focus Fund was launched on 27 November 2003. Calendar year return of the past 5 years: 2015: +1.7%; 2016: -10.3%; 2017: +61.2%; 2018: -28.3%; 2019: +36.6%. 2. Source: Morningstar. Peer Group refers to Morningstar Category of China Equity (HKSFC authorized funds) which includes all funds with performance history started between 27 November 2003 and 31 July 2020. Authorization does not imply official recommendation. 3.The award reflects the fund’s 10-year performance up to the end of 2017. 4. The award reflects performance up to 30 September 2018. 5. The award reflects performance up to 31 December 2017.

The views expressed are the views of Value Partners Limited only and are subject to change based on market and other conditions. The information provided does not constitute investment advice and it should not be relied on as such. All materials have been obtained from sources believed to be reliable, but its accuracy is not guaranteed. This material contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Investors should note investment involves risk. The price of units may go down as well as up and past performance is not indicative of future results. Investors should read the explanatory memorandum for details and risk factors in particular those associated with investment in emerging markets. Investors should seek advice from a financial adviser before making any investment. In the event that you choose not to do so, you should consider whether the investment selected is suitable for you. The website has not been reviewed by the Securities and Futures Commission of Hong Kong. Issuer: Value Partners Limited.