The Fund aims to provide long term capital growth by investing in a portfolio of Chinese shares. . In normal market conditions, the Fund will invest at least 90% of its assets in shares (or securities similar to shares) of companies of any size that are based in, or carry out the larger part of their business activities in, China, including Hong Kong SAR. . Investments in Chinese share markets include China A-shares and China B-shares with a maximum exposure of 70% of the Fund's assets. The Fund may invest up to 70% of its assets in China A-shares through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. The Fund may invest up to 50% of its assets in China A-shares indirectly through China A-shares Access Products (CAAP) and may invest up to 10% of its assets in CAAPs issued by any single issuer. . The Fund may invest up to 10% of its assets in other funds, including HSBC funds. . The Fund will not invest more than 10% of its assets in Real Estate Investment Trusts. . The Fund may also invest in derivatives. The Fund may use them for efficient portfolio management purposes, hedging and cashflow management purposes. Derivatives will not be used extensively for investment purposes. Derivatives may also be embedded in other instruments used by the Fund. . The Fund may enter into securities lending transactions for up to 29% of its assets. However, this is not expected to exceed 25%. . The reference currency of the Fund is USD. The reference currency of this share class is USD. . The Fund is actively managed and does not track a benchmark. The Fund has an internal or external target to a reference benchmark, MSCI China 10/40 Net. . The Investment Advisor will use its discretion to invest in securities not included in the reference benchmark based on active investment management strategies and specific investment opportunities. It is foreseen that a significant percentage of the Fund's investments will be components of the reference benchmark. However, their weightings may deviate materially from those of the reference benchmark. . Any deviations with respect to the benchmark are monitored within a comprehensive risk framework, which includes monitoring at security level. . The deviation of the Fund’s performance relative to the benchmark is also monitored, but not constrained, to a defined range. . The reference benchmark has a high level of concentration. This means that a small number of securities make up a significant proportion of the benchmark. . Income is reinvested. . You may sell your investment on most working days. . Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 5 years.