Nikko Asset Management (Nikko) and Industrial and Commercial Bank of Singapore Branch (ICBC SG) announced 26 Oct 2020, the launch of the NikkoAM-ICBCSG China Bond ETF (the ETF) which will replicate the returns of the ChinaBond ICBC 1-10 Year Treasury and Policy Bank Bond Index. The ETF offers investors transparent, affordable and easy access to the China Government Bonds and policy bank bonds. The ETF’s portfolio will include onshore renminbi Chinese treasury bonds issued by China Ministry of Finance, and bonds issued by the three Chinese policy banks, which are the Agricultural Development Bank of China, the China Development Bank and the Export-Import Bank of China, which are quasi-sovereign entities wholly owned by the Chinese government. As the second largest and fastest growing bond market in the world, the sheer size of the China RMD Bond market makes China RMB bonds a compelling investment. Launched last year by ICBC

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