Multiple CSI A500 ETFs have announced early termination of fundraising

Jinshi data news on November 14th, tonight, ICBC Credit Suisse Fund and Wan Jia Fund announced that their CSI A500 ETFs will be closed for subscription in advance, with the former closing on November 14th and the latter on November 19th. According to the prospectus, the initial subscription cap of ICBC Credit Suisse CSI A500 ETF is 2 billion RMB. As of November 14th, the total effective subscription amount has exceeded the initial subscription cap. Partial confirmation will be given to the effective subscription applications on November 14th based on the ‘end-day ratio confirmation’ principle. In addition, Huaan Fund and Harvest Fund have released the confirmation ratio for effective subscription applications of their CSI A500 ETFs. The final confirmation ratio for Huaan CSI A500 ETF is as low as 85.20137742%. The fund closed the subscription in advance on November 14th and gave partial confirmation to the effective subscription applications on November 14th based on the ‘end-day ratio confirmation’ principle. Harvest CSI A500 ETF, which closed the subscription on November 13th, gave partial confirmation based on the ‘full-process ratio confirmation’ principle to the effective cash subscription applications during the subscription period, with a final confirmation ratio of 98.967%.