On 21 September 2020, ICBC CSOP FTSE Chinese Government Bond Index ETF ("the ETF") commences trading on Singapore Exchange ("SGX"). The ETF aims to track the performance of the FTSE Chinese Government Bond Index ("CGBI") by trading bonds through the China Interbank Bond Market (CIBM) Direct scheme, which offers international investors a high-efficiency and low-cost tool for their allocation on Chinese government bonds.

The index provider of the ETF, FTSE Russell, is one of the three major global index providers. As the flagship index of FTSE Russell, the FTSE World Government Bond Index ("WGBI") has more than 30 years of history and is a widely used sovereign debt benchmark by investors around the world. The ETF is currently the only product that tracks CGBI which will be included in WGBI and has attracted strong interest from a variety of institutional investors with initial seed funding of over US$ 670 million, making it one of the largest ETFs listed on SGX.

The ETF is managed by CSOP Asset Management and advised by ICBC Wealth Management and ICBC Asset Management (Global). ICBC Head Office also serves as the onshore custodian and CIBM settlement agent bank of the ETF. The abundant resources and comprehensive strength of ICBC Group ensure the smooth operation and long-term success of the ETF from multiple aspects, including investment research, asset custody, settlement agency and transaction support. This is also an important achievement from the asset management perspective in response to ICBC Head Office’s campaign to establish the brand of "First Choice Bank for Foreign Exchange Business in China". In the future, ICBC Asset Management (Global) will forge ahead with the campaign, continue to strengthen the role of ICBC Group's oversea asset management platform, enrich and improve the foreign exchange and cross-border RMB asset management product lines, expand client base and increase business efficiency, and better serve investors worldwide.