The Fund's investment objective is to achieve capital appreciation through investing in equity or equity related assets of companies whose operations are focused mainly in, or which derive a significant amount of revenue from China, Hong Kong or Macau and listed in China and Hong Kong. The Fund shall invest usually above 70% of its Net Asset Value in China A-Shares via the securities trading and clearing linked programme with an aim to achieve mutual stock market access between China and Hong Kong (i.e. the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect (collectively, the "Stock Connect")) and the QFI status of the Investment Manager. These shares may include shares listed on the ChiNext market of the SZE and/or the Science and Technology Innovation Board of the SSE. The foregoing percentage may be derogated during the first six months following the launch of the Fund while ensuing observance of the principle of risk-spreading. The Fund targets to generate a return higher than the performance benchmark, which is MSCI China A Onshore Index (the "Benchmark Index") and uses the Benchmark Index for performance comparison purposes. In addition, the Fund's investment universe is expected to overlap usually above 70% with the components of the Benchmark Index as it is used as inspiration for the starting universe from which the equity securities will be selected. However, the Fund is actively managed by theI nvestment Manager with complete discretion with respect to portfolio allocation and overall level of exposure to the market. Although, the Investment Manager is not in any way constrained by the Benchmark Index in its portfolio positioning and have absolute discretion to invest in companies or sectors not included in the Benchmark Index, the deviation from the Benchmark Index is expected to be rather limited.