2025-04-30-港交所-Ｘ南方中五百_Ｘ南方中五百－Ｒ_截至二零二四年十二月三十一日止的经审核账目_42页_832kb

CSOP CSI 500 ETF Summary

• Type: Synthetic ETF (part of CSOP ETF Series), trading under HKD (3005) and RMB (83005) since March 19, 2020.
• Objective: Tracks the CSI 500 Index using a combination of synthetic and physical representative sampling strategies.
• Key Highlights:
  • Performance (2024): NAV increased by 8.77%, while the CSI 500 Index rose by 7.45%.
  • Portfolio: Primarily synthetic exposure via funded total return swaps (99.48% of NAV), with constituent securities held at 0%.
  • Derivatives: High counterparty risk mitigated by collateral with top-tier institutions.
  • Liability: Total liabilities stand at RMB 241,709 (includes fees, interest, etc.).
• Financials:
  • Total assets: RMB 32,090,160 (up from RMB 17,767,914 in 2023).
  • Operating profit before taxation: RMB 2,342,356.
  • Unqualified audit opinion issued by PricewaterhouseCoopers.
• Counterparty Risk: Counterparties hold high-grade collateral and are monitored through netting agreements.
• Structure: Umbrella unit trust with 2 million units outstanding (NAV per unit: RMB 15.95).

**Note**: Exclude sections marked with (*), as they describe supplementary details or recurring elements.