"Today's Capital - Tomorrow's Wealth" - CITIC Capital U.S. Bond Fund

Today marks the premier launch of CITIC Capital Markets’ first bond fund – ‘CITIC
Capital U.S. Bond Fund’. Hong Kong-based CITIC Capital, the overseas investmentbank of the CITIC Group, has teamed up with Banc One Investment Advisors
Corporation of the U.S. to provide institutional-quality fixed-income investment
services at a retail level to Hong Kong investors.
CITIC Capital Markets’ international financial expertise, extensive networks and indepth knowledge of the needs of local investors, combined with the excellent trackrecord of Banc One Investment Advisors Corporation in the U.S. have created theCITIC Capital U.S. Bond Fund for Hong Kong investors. This Fund aims to repeat
the success of Banc One’s One Group Bond Fund in the U.S.
Zhang Yichen, CEO, CITIC Capital, emphasized that “the launch of CITIC Capital
U.S. Bond Fund being the first retail fund from the CITIC Capital Investment Series
demonstrates our strong commitment to the Hong Kong market. Our team ofexperienced professionals will keep on monitoring the local and overseas markets toprovide the best investment advice and investment options to Hong Kong investors.
Our synergy with our sister companies means we can also leverage on theirdistribution capabilities.” Dr. Zhang Haitao, Managing Director of AssetManagement, CITIC Capital, echoed, “We are dedicated to bringing the best
investment strategies and asset management services to our investors – retail andinstitutional alike. The co-operation with Bank One is just the beginning of our longterm effort.”
Dr. Anthony Chan, Senior Managing Director and Chief Economist, Banc One
Investment Advisors Corporation, said “I'm excited to be participating in thisimportant launch. We're very constructive towards U.S. bonds, given their importantrole in asset allocation as well as the value they represent at these levels.” Clifford
Chiu, Managing Director, Asia, Bank One, N.A., added, “We at Bank One
congratulate CITIC Capital on its inaugural U.S. product offering and Banc One
Investment Advisors is privileged to partner with CITIC Capital on this landmark
occasion which combines our best-in-class fixed-income product with theirtremendous local distribution and servicing strengths”.
This bond fund holds a well-balanced portfolio of high credit quality fixed-income
securities in the U.S., including U.S. Treasury, Agency, Mortgage- and Asset-backed
Securities and Corporate Bonds. Such a diversified allocation in fixed-income
securities serves as a key stabilizer in many Hong Kong retail investors’ portfolios.
CITIC Ka Wah Bank Limited, with 35 branches throughout Hong Kong, is currently
the leading distributor of the CITIC Capital U.S. Bond Fund.

About CITIC Capital Markets Limited:
Owned by China International Trust and Investment Corporation Group (CITIC) inBeijing, CITIC Pacific Limited, and CITIC International Financial Holdings Limited,
CITIC Capital provides financial services in investment banking, asset management
and securities brokerage by leveraging on its world-class financial expertise and thevast resources and network of the CITIC Group.
About Banc One Investment Advisors Corporation:
Banc One Investment Advisors, an SEC-registered investment advisor, is one of theleaders in U.S. fixed-income investing, with more than U.S. $170 billion in assets
under management (as of 06/30/03) in institutional portfolios, individual portfolios
and One Group Mutual Funds. Banc One Investment Advisors is an indirect whollyowned subsidiary of Bank One Corporation, the sixth largest U.S. bank holdingcompany.