CLSA Short Duration China Bond Fund
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
Semi-Annual Report (Unaudited)
For the six months ended 30 June 2024

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
CONTENTS
Page(s)MANAGEMENT AND ADMINISTRATION1REPORT OF THE MANAGER TO THE SHAREHOLDERS

2

STATEMENT OF FINANCIAL POSITION (UNAUDITED)STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME(UNAUDITED)STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO
SHAREHOLDERS (UNAUDITED)STATEMENT OF CASH FLOWS (UNAUDITED)

3-4

5

6-7
8

NOTES TO THE FINANCIAL STATEMENTS

9 - 10INVESTMENT PORTFOLIO (UNAUDITED)

11 - 12

STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED)

13 - 15

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
MANAGEMENT AND ADMINISTRATIONREGISTERED ADDRESS

18/F, One Pacific Place
88 Queensway
Hong Kong

DIRECTORS OF THE COMPANY

LIU Xinguo
ZHANG Zheng

MANAGERCITIC Securities Asset Management (HK)
Limited (formerly known as CLSA AssetManagement Limited)
18/F, One Pacific Place
88 Queensway
Hong Kong

DIRECTORS OF THE MANAGER

LIU Xinguo
Jeremy David COLLARD

CUSTODIAN, ADMINISTRATOR AND REGISTRARBank of Communications Trustee Limited
1/F., Far East Consortium Building
121 Des Voeux Road Central
CentralHong Kong

AUDITORS

Ernst & Young
27/F, One Taikoo Place
979 King’s Road
Quarry Bay
Hong Kong

LEGAL ADVISERS

Deacons
5/F, Alexandra House
18 Chater Road
CentralHong Kong-1-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
REPORT OF THE MANAGER TO THE SHAREHOLDERS
Introduction
CLSA Short Duration China Bond Fund (the “Sub-Fund”) is a sub-fund of CLSA Global Public
Fund Series Open-ended Fund Company, which is a public open-ended fund company
domiciled in Hong Kong with variable capital with limited liability and segregated liability
between sub-funds. The inception day of the Sub-Fund was on 3 April 2023. The manager of
CLSA Short Duration China Bond Fund is CITIC Securities Asset Management (HK) Limited(formerly known as CLSA Asset Management Limited) and the custodian, administrator andregistrar is Bank of Communications Trustee Limited.
Fund Performance
CLSA Short Duration China Bond Fund seeks to maximise total return by investing primarily inshort duration debt securities issued by entities exercising a predominant part of theireconomic activities in Mainland China with an average duration of less than three years,
aiming to generate a steady flow of income in addition to capital appreciation for the Sub-Fund.
There can be no assurance that the Sub-Fund will achieve its investment objective. As of 30
June 2024*, the Net Asset Value per share of CLSA Short Duration China Bond Fund for USD
Class A accumulation was USD 105.1571, for USD Class A distribution was 100.1961, for
USD Class I distribution was USD 101.8322, for HKD Class A accumulation was HKD
101.0266, for HKD Class A distribution was HKD 99.8337. The total size of the Sub-Fund wasapproximately USD21.02 million.
As of 30 June 2024*, a summary of the performance of the CLSA Short Duration China Bond
Fund is given below.
Cumulative Performance in USD

0.611%

1.073%

2.379%

5.675%

5.731%

0.593%

1.012%

2.263%

5.424%

5.157%

Note:
1. The total return for the period from class launch date to 3 April 2023. No performancedata can be displayed until 6 months from inception date
*30th June 2024 is not a business day, all published net asset value per share data is
on 28th June 2024.
This report is exempted from pre-vetting and authorization by the Securities and Futures
Commission of Hong Kong (“SFC”) and has not been reviewed by the SFC. SFC authorization
is not a recommendation or endorsement of a scheme nor does it guarantee the commercial-2-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
merits of a scheme or its performance.

-3-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF FINANCIAL POSITION (UNAUDITED)As at 30 June 2024
Note

(Unaudited)
As at
30 June2024
USD(Audited)
As at
31 December
2023
USD

20,634,110

20,296,224

207,359

171,259

4,917
990,040

492,770
174,617

21,836,426

21,134,870

17,445
3,443
499,695
264,067
59,042

17,582
3,567
283,698
255,580
68,282

843,692

628,709

20,992,734

20,506,161

NUMBER OF SHARES IN ISSUEClass A HKD (accumulation)
Class A HKD (distribution)
Class A USD (accumulation)
Class A USD (distribution)
Class I USD (distribution)

200.0000
200.0000
1,270.7649
12.7800
205,078.7827

1360.6601
200,000.0000

DEALING NET ASSET VALUE PER SHAREClass A HKD (accumulation)
Class A HKD (distribution)
Class A USD (accumulation)
Class A USD (distribution)
Class I USD (distribution)

HKD101.0266
HKD99.8337
USD105.1571
USD100.1961
USD101.8322

USD102.8405
USD102.0079

ASSETS
Financial assets at fair value through profit or loss
Interest receivable on financial assets at fair value
through profit or loss
Amount due from a broker
Prepayments and other receivables
Cash at banks
TOTAL ASSETSLIABAILITIESManagement fee payable
Administration and Custodian fee payable
Amount due to a broker
Dividend payable
Accrued expense and other payables
TOTAL LIABILITIES EXCLUDING NET ASSETSATTRIBUTABLE TO SHAREHOLDERS
NET ASSETS ATTRIBUTABLE TO
SHAREHOLDERS

2-4-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF FINANCIAL POSITION (UNAUDITED) (continued)
As at 30 June 2024
Dividend Paid
The dividend distribution for the calendar quarter ending 31 March 2024 was paid and the amountof dividend paid was USD261,136.23 for USD Distribution Classes.
Share ClassClass I USD (Distribution)

Currency
USD

Dividend per Share
USD 1.2895

Record date
: 27 March 2024
Ex-dividend date : 28 March 2024
Payment date
: 8 April 2024
The dividend distribution for the calendar quarter ending 30 June 2024 was paid and the amount ofdividends paid were USD264,034.60 for USD Distribution Classes and HKD252.52 for HKD

Distribution Classes.
Share ClassClass I USD (Distribution)
Class A USD (Distribution)
Class A HKD (Distribution)

Currency
USD
USD
HKD

Dividend per Share
USD 1.2874
USD 1.2668
HKD 1.2626

Record date
: 27 June 2024
Ex-dividend date : 28 June 2024
Payment date
: 5 July 2024

-5-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED)For the period from 01 January 2024 to 30 June 2024

For the period from
01 January 2024
to30 June 2024
USD

For the period
from
03 April 2023
(Date ofcommencement ofoperation) to
30 June 2023
USD

21,432

31,596

391,966

155,417232,386(7)
85
645,862(113,675)(4)
4373,377EXPENSES
Dividend expense
Management fee
Administration and Custodian fee
Audit fee
Establishment costs
Legal and professinoal fee
Transaction costs
Other expenses
TOTAL OPERATING EXPENSES

525,203
104,580
20,885
10,491
4,405
1,559
2,688
6,928
676,739

48,960
2,937
6,194
2,154
2,628
62,873(DECREASE)/ INCREASE IN NET ASSETSATTRIBUTABLE TO SHAREHOLDERS FROMOPERATIONS(30,877)

10,504

INCOMEInterest income on bank deposits
Interest income on financial assets at fair value
through profit or loss
Net gains/ (losses) on financial assets andliabilities at fair value through profit or loss
Net foreign currency losses
Other income
TOTAL INCOME-6-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS (UNAUDITED)For the period from 01 January 2024 to 30 June 2024

Class A HKD(accumulation)
USD

As at 30 June 2024

Class A USD(distribution)
USD

Class I USD(distribution)
USD

Dealing net
asset value
Total
USD

-

139,931-

20,401,589

20,541,520

2,557

2,556

506,000

1,278

516,717

1,029,108--(516,063)--(516,063)

2,557

2,556

129,868

1,278

20,918,306

21,054,565

31

1

3,762

3

(34,674)(30,877)

2,588

2,557

133,630

1,281

20,883,632

21,023,688

Class A HKD(accumulation)
shares in issue

Class A HKD(distribution)
shares in issue

Class A USD(accumulation)
shares in issue

Class A USD(distribution)
shares in issue

Class I USD(distribution)
shares in issue

Redemption of shares

Increase/ (Decrease) in net assets attributable toshareholders from operations

Class A USD(accumulation)
USD-

As at 01 January 2024
Subscription proceeds from shares issued

Class A HKD(distribution)
USD

As at 01 January 2024--

1,360.6601-

200,000.0000

Subscription of shares

200.0000

200.0000

4,898.2236

12.7800

5,078.7827

Redemption of shares--(4,988.1188)--

200.0000

200.0000

1,270.7649

12.7800

205,078.7827

As at 30 June 2024

-7-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF CHANGES IN NET ASSETS ATTRIBUTABLE TO SHAREHOLDERS (UNAUDITED) (continued)
For the period from 03 April 2023 (Date of commencement of operation) to 30 June 2023

Class I USD(distribution)
USD

Dealing net
asset value
Total
USD

-

-

-

Subscription proceeds from shares issued

50,00020,000,000

20,050,000

Redemption of shares

50,00020,000,000

20,050,000(126)

10,63010,50449,87420,010,630

20,060,504

Class A USD(accumulation)
shares in issue

Class I USD(distribution)
shares in issue

Class A USD(accumulation)
USD
As at 03 April 2023 (Date of commencement of operation)(Decrease) / Increase in net assets attributable toshareholders from operations
As at 30 June 2023

As at 03 April 2023 (Date of commencement of operation)--

Subscription of shares

500.0000

200,000.0000

Redemption of shares--

500.0000

200,000.0000

As at 30 June 2023

-8-

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF CASH FLOWS (UNAUDITED)For the period from 01 January 2024 to 30 June 2024

CASH FLOWS FROM OPERATING ACTIVITIES(Decrease) / Increase in net assets attributable toshareholders from operations
Adjustments for:
Interest income on financial assets at fair value throughprofit or loss
Interest income on bank deposits
Establishment costs
Working capital adjustments:
Increase in financial assets and liabilities at fair value
through profit or loss
Decrease/ (Increase) in amount due from a broker
Increase in prepayments and other receivables(Decrease)/ Increase in management fee payable(Decrease)/ Increase in administration and custodian
fee payable
Increase in amount due to a broker(Decrease)/ Increase in accrued expense and otherpayablesIncrease in dividend payable
Cash flows used in operations
Interest received
Net cash generated from/ (used in) operations
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from subscription of shares
Payments on redemption of shares
Net cash generated from financing activities
NET INCREASE IN CASH AND CASH EQUIVALENTS
Cash and cash equivalents at the beginning of the period
CASH AND CASH EQUIVALENTS AT THE END OF THE
PERIODANALYSIS OF BALANCE OF CASH AND CASH
EQUIVALENTS
Cash at banks-9-

For the period
from
01 January 2024
to30 June 2024
USD

For the period
from
03 April 2023
(Date ofcommencementof operation)to30 June 2023
USD

(30,877)

10,504(391,966)(155,417)(21,432)
4,405(31,596)-(337,886)(19,507,292)

492,770(4,917)
(137)
(124)

(381,920)
16,533991

215,997(9,240)396,288
10,734

8,487(74,920)377,298
302,378(19,641,175)
25,422(19,615,753)

1,029,108(516,063)
513,045

20,050,000
20,050,000

815,423
174,617434,247-

990,040434,247

990,040434,247

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)

NOTES TO FINANCIAL STATEMENTS
For the period from 1 January 2024 to 30 June 2024
1.

BASIS OF PREPARATION AND ACCOUNTING POLICIESThe financial statements have been prepared in accordance with Hong Kong Financial ReportingStandards ("HKFRSs").
The financial statements are prepared for the Sub-Fund only. The financial statements arepresented in United States dollars (“USD”), which is same as the functional currency of the SubFund.

2.

NET ASSET VALUE PER PARTICIPATING SHARESNet asset value per participating share
The Net Asset Value of the Sub-Fund, the Net Asset Value of each Class of Shares and the Net
Asset Value per Share of each Class will be calculated in accordance with the Instrument ofIncorporation as at the Valuation Point on each Valuation Day.
The Net Asset Value of a Sub-Fund shall be calculated by valuing the assets of such Sub-Fund inaccordance with the provisions of the Instrument of Incorporation and deducting the liabilities
attributable to such Sub-Fund in accordance with the provisions of the Instrument of Incorporation.
In order to determine the Net Asset Value of a Share of a Class of a Sub-Fund, the Net Asset Value
attributable to such Class shall be divided by the number of Shares of that Class in issue
immediately prior to the relevant Dealing Day for such Class of Shares.
The Manager may, after consultation with the Custodian, arrange for a revaluation of the Net Asset
Value of a Share of any Class if the Manager considers that the Net Asset Value per Share of therelevant Class calculated in relation to any Dealing Day does not accurately reflect the true value ofsuch Share. Any revaluation will be made on a fair and equitable basis.
Shares of the Sub-Fund, which are represented by assets less liabilities, are classified as equity
and accounted for in accordance with HKFRSs (the “Accounting NAV”). For the purpose ofdetermining the net asset value per share for subscriptions and redemptions and for various fee
calculations (the “Dealing NAV”), the Custodian calculates the Dealing NAV in accordance with theprovisions of the Instrument of Incorporation, which may be different from the accounting policies
under HKFRSs.
Reconciliation between the Accounting NAV and Dealing NAV
The formation fee for establishing the Sub-Fund was USD41,966. According to the Prospectus, theestablishment costs is amortised over the first 5 financial periods of the Sub-Fund. However, withrespect to the Sub-Fund for the purpose of financial statements preparation in compliance withHKFRSs, its accounting policy is to expense the establishment costs in profit or loss as incurred. Asof 30 June 2024, the remaining amortisation period is 3.5 years.

- 10 -

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
NOTES TO FINANCIAL STATEMENTS
For the period from 1 January 2024 to 30 June 2024
2.

NET ASSET VALUE PER PARTICIPATING SHARES (continued)
The difference between the Accounting NAV reported in the statement of financial position and the
Dealing NAV as at 30 June 2024 is reconciled as set out below:
For the period from
1 January 2024
to30 June 2024
USD
Accounting NAV as reported in the statement of financial position
Adjustment for the establishment costs
Dealing NAV- 11 -

20,992,734
30,95421,023,688

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
INVESTMENT PORTFOLIO (UNAUDITED)As at 30 June 2024
Holdings/
NominalFair value
USD% of Net
AssetsAmipeace Ltd 2.25 2030/10/22

465,000

396,078

1.88

China Huadian Overseas Development 2018 Ltd 3.375 PERP

400,000

391,616

1.86

CLP Power Hong Kong Financing Ltd 2.25 2031/7/21

700,000

584,003

2.78

Contemporary Ruiding Development Ltd 2.625 2030/9/17

300,000

259,452

1.23

CSCIF Hong Kong Ltd Float 2027/5/31

900,000

899,811

4.28

Dianjian Haiyu Ltd 3.45 PERP

400,000

389,148

1.85

Huarong Finance II Co Ltd 4.625 2026/6/3

300,000

289,008

1.37

Huarong Finance II Co Ltd 5.5 2025/1/16

600,000

596,286

2.84

Joy Treasure Assets Holdings Inc 5.5 2027/2/1

100,000

99,2000.47

Joy Treasure Assets Holdings Inc 5.75 2029/6/6

1,100,000

1,093,400

5.21

Minmetals Bounteous Finance BVI Ltd 3.375 PERP

1,000,000

996,280

4.75

TCL Technology Investments Ltd 1.875 2025/7/14

300,000

287,358

1.37

Zhongyuan Zhicheng Co Ltd 5.9 2027/6/20

500,000

501,040

2.38

CK Hutchison International 24 Ltd 5.5 2034/4/26

200,000

200,040

0.95

Meituan 0 2028/4/27

300,000

270,912

1.29

Poseidon Finance 1 Ltd 0 2025/2/1

600,000

623,934

2.97

SPIC Preferred Co No 1 Ltd 3.38 PERP

400,000

397,240

1.89

Bank of China Ltd 3.6 PERP

800,000

787,328

3.75

Bank of Communications Co Ltd 3.8 PERP

700,000

680,855

3.24

Bluestar Finance Holdings Ltd 3.375 2024/7/16

200,000

199,8040.95

CCCI Treasure Ltd 3.65 PERP

500,000

477,755

2.27

China State Construction Finance Cayman III Ltd 4 PERP
Henan Railway Construction & Investment Group Co Ltd 2.2
2025/1/26
Huarong Finance 2017 Co Ltd 4.25 2027/11/7

700,000

694,4983.30

500,000

488,455

2.32

400,000

369,256

1.76

Huayi Finance I Ltd 3 2024/10/30

200,000

197,8220.94

Industrial & Commercial Bank of China Ltd 3.58 PERP
Science City Guangzhou Investment Group Co Ltd 6.82025/8/5
Wuhan Urban Construction Group Co Ltd 2.25 2024/7/9

500,000

486,3702.31

900,000

906,9394.31

300,000

299,460

1.42

Listed Debt securities
British Virgin Islands

Cayman Islands

China- 12 -

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
INVESTMENT PORTFOLIO (UNAUDITED) (continued)
As at 30 June 2024
Holdings/
NominalFair value
USD% of Net
Assets1,000,000

981,440

4.68

800,000

721,856

3.43

300,000

304,8901.45

700,000

689,017

3.28

Bank of East Asia Ltd/The 6.75 2034/6/27
Bocom Leasing Management Hong Kong Co Ltd Float
2027/6/26
CLP Power HK Finance Ltd 3.55 PERP

250,000

248,5281.18

700,000

689,619

3.28

CNAC HK Finbridge Co Ltd 3 2030/9/22

500,000

437,665

2.08

300,000

301,0621.43

600,000

496,4342.36

850,000

824,040

3.92

600,000

576,6362.74

─────────────────

20,634,11098.15

─────────────────

389,5781.85─────────────────

Listed Debt securities (continued)
Hong Kong
AIA Group Ltd 5.375 2034/4/5
Airport Authority 2.4 PERP
Airport Authority 4.875 2033/1/12
Bank of Communications Hong Kong Ltd 3.725 PERP

500,000

Far East Horizon Ltd 6.625 2027/4/16
Hong Kong Government International Bond 1.375 2031/2/2
Hong Kong Government International Bond 4 2033/6/7

499,575

2.38

United States
BOC Aviation USA Corp 4.875 2033/5/3

Total investments (Total cost of investment: USD20,518,071)

Other net assets

Total net assets (at Dealing NAV)

- 13 -

21,023,688

100.00─────────────────

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED)For the period from 01 January 2024 to 30 June 2024
As at
31 December
2023

Additions

Disposals

As at
30 June2024-

1,500,000

500,000

1,000,000

600,000

1,700,000

1,500,000

800,000

Airport Authority 4.875 2033/1/12-

300,000-

300,000

Amipeace Ltd 2.25 2030/10/22-

465,000-

465,000

300,000-

300,000-

Bank of China Ltd 3.6 PERP-

800,000-

800,000

Bank of Communications Co Ltd 3.8 PERP-

700,000-

700,000

Bank of Communications Hong Kong Ltd 2.304
2031/7/8

250,000-

250,000-

Bank of Communications Hong Kong Ltd 3.725 PERP

700,000--

700,000

Bank of East Asia Ltd/The 4.875 2032/4/22

250,000-

250,000-

Bank of East Asia Ltd/The 6.75 2034/6/27-

250,000-

250,000

1,050,000

1,200,000

2,250,000-

Bluestar Finance Holdings Ltd 3.1 PERP

500,000-

500,000-

Bluestar Finance Holdings Ltd 3.375 2024/7/16

200,000--

200,000

BOC Aviation Ltd 4.5 2028/5/23

200,000-

200,000-

BOC Aviation USA Corp 4.875 2033/5/3-

1,600,000

1,000,000

600,000

BOC Aviation USA Corp 5.75 2028/11/9

880,000-

880,000--

500,000-

500,000

CCCI Treasure Ltd 3.65 PERP

500,000--

500,000

China CITIC Bank International Ltd 3.25 PERP

250,000-

250,000-

China CITIC Bank International Ltd 4.8 PERP

300,000-

300,000-

1,300,000-

1,300,000-

400,000--

400,000

600,000-

600,000-

300,000

400,000

700,000-

200,000

550,000

750,000-

400,000-

400,000-

600,000-

600,000-

550,000-

550,000-

200,000

500,000-

700,000

China Taiping Insurance Holdings Co Ltd 6.4 PERP

300,000-

300,000-

Chinalco Capital Holdings Ltd 2.95 2027/2/24

600,000-

600,000-

Listed Debt securities
AIA Group Ltd 5.375 2034/4/5
Airport Authority 2.4 PERP

Bank of America Corp 4.948 2028/7/22

Blossom Joy Ltd 2.2 2030/10/21

Bocom Leasing Management Hong Kong Co Ltd Float
2027/6/26

China CITIC Bank International Ltd 6 2033/12/5
China Huadian Overseas Development 2018 Ltd
3.375 PERP
China Overseas Finance Cayman VI Ltd 5.95
2024/5/8
China Overseas Finance Cayman VII Ltd 4.75
2028/4/26
China Overseas Finance Cayman VIII Ltd 3.45
2029/7/15
China Ping An Insurance Overseas Holdings Ltd 2.852031/8/12
China Resources Land Ltd 3.75 PERP
China State Construction Finance Cayman I Ltd 3.4
PERP
China State Construction Finance Cayman III Ltd 4PERPSTATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) (continued)- 14 -

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
For the period from 01 January 2024 to 30 June 2024

As at

As at

31 December
2023

Additions

Disposals

30 June2024

600,000-

600,000--

1,350,000

1,150,000

200,000

700,000--

700,000

CLP Power Hong Kong Financing Ltd 2.25 2031/7/21-

700,000-

700,000

CNAC HK Finbridge Co Ltd 3 2030/9/22-

500,000-

500,000

CNAC HK Finbridge Co Ltd 3.875 2029/6/19

200,000

500,000

700,000-

CNAC HK Finbridge Co Ltd 4.125 2027/7/19

500,000-

500,000--

800,000

500,000

300,000

600,000-

600,000--

900,000-

900,000

Dianjian Haiyu Ltd 3.45 PERP

400,000--

400,000

ENN Clean Energy International Investment Ltd 3.375
2026/5/12

250,000-

250,000--

1,100,000

800,000

300,000

400,000-

400,000-

300,000

800,000

1,100,000-

350,000-

350,000--

500,000-

500,000-

600,000-

600,000

Hong Kong Government International Bond 4 2033/6/7-

1,750,000

900,000

850,000

Huarong Finance 2017 Co Ltd 4.25 2027/11/7-

400,000-

400,000

Huarong Finance II Co Ltd 4.625 2026/6/3-

300,000-

300,000

Huarong Finance II Co Ltd 5.5 2025/1/16

Listed Debt securities (continued)
Chouzhou International Investment Ltd 4 2025/2/18
CK Hutchison International 24 Ltd 5.5 2034/4/26
CLP Power HK Finance Ltd 3.55 PERP

Contemporary Ruiding Development Ltd 2.625
2030/9/17
CRCC Chengan Ltd 3.97 PERPCSCIF Hong Kong Ltd Float 2027/5/31

Far East Horizon Ltd 6.625 2027/4/16
Geely Automobile Holdings Ltd 4 PERP
Guangzhou Metro Investment Finance BVI Ltd 2.31
2030/9/17
Haitong International Securities Group Ltd 3.375
2024/7/19
Henan Railway Construction & Investment Group Co
Ltd 2.2 2025/1/26
Hong Kong Government International Bond 1.375
2031/2/2-

600,000-

600,000

Huaxin Cement International Finance Co Ltd 2.25
2025/11/19

450,000-

450,000-

Huayi Finance I Ltd 3 2024/10/30

200,000--

200,000

Industrial & Commercial Bank of China Ltd 3.58 PERP-

500,000-

500,000

Joy Treasure Assets Holdings Inc 5.5 2027/2/1-

1,400,000

1,300,000

100,000

Joy Treasure Assets Holdings Inc 5.75 2029/6/6-

1,100,000-

1,100,000

MCC Holding Hong Kong Corp Ltd 2.95 PERP

600,000-

600,000--

800,000

500,000

300,000

Minmetals Bounteous Finance BVI Ltd 3.375 PERP

600,000

400,000-

1,000,000

Oversea-Chinese Banking Corp Ltd 4.602 2032/6/15

550,000-

550,000-

Pioneer Reward Ltd Float 2026/11/29

600,000-

600,000-

Poly Real Estate Finance Ltd 3.875 2024/3/25

250,000-

250,000-

Meituan 0 2028/4/27- 15 -

SEMI-ANNUAL REPORT (UNAUDITED)FOR THE SIX MONTHS ENDED 30 JUNE 2024
CLSA SHORT DURATION CHINA BOND FUND
(A sub-fund of CLSA Global Public Fund Series Open-ended Fund Company)
STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) (continued)
For the period from 01 January 2024 to 30 June 2024

As at
31 December
2023

Additions

Disposals

As at
30 June2024

200,000

2,000,000

1,600,000

600,000-

1,300,000

400,000

900,000

Sepco Virgin Ltd 3.55 PERP

300,000-

300,000-

SPIC Preferred Co No 1 Ltd 3.38 PERP

400,000--

400,000

Spic Preferred Co NO 2 Ltd 3.45 PERP

200,000-

200,000-

TCL Technology Investments Ltd 1.875 2025/7/14

300,000--

300,000

United Overseas Bank Ltd 2 2031/10/14

400,000-

400,000-

Wuhan Urban Construction Group Co Ltd 2.25 2024/7/9

300,000--

300,000-

500,000-

500,000

Listed Debt securities (continued)

Poseidon Finance 1 Ltd 0 2025/2/1
Science City Guangzhou Investment Group Co Ltd 6.82025/8/5

Zhongyuan Zhicheng Co Ltd 5.9 2027/6/20- 16 -