Fosun International Included as Constituent Stock of Hang Seng China Enterprises Index

2019-08-19 09:00 7244

HONG KONG, Aug. 19, 2019 /PRNewswire/ -- On 16 August 2019, Hang Seng Indexes Company Limited announced the results of its review of the Hang Seng Family of Indexes for the quarter ended 28 June 2019. Fosun International Limited (00656.HK) ("Fosun" or "Fosun International"), together with other four stocks, will be included as constituent stocks of the Hang Seng China Enterprises Index (HSCEI). All changes will take effect on 9 September 2019 (Monday).

The Hang Seng China Enterprises Index (HSCEI) serves as a benchmark of Hong Kong stock market that reflects the overall performance of Chinese companies listed in Hong Kong. Chinese private enterprises being included in HSCEI not only have to fulfill the general requirements in terms of the market capitalization and turnover velocity, but also the stringent selection criteria, such as the listing history requirement, price volatility, profit, net cash flow from operating activities and dividends.

Apart from Fosun International, Want Want China, Geely Auto, China Taiping and Sunac China will also be included as the constituents of HSCEI.

In recent years, Fosun International has maintained resilience and stability in its results performance against the backdrop of rising market uncertainties. According to the annual report 2018, Fosun International achieved record-high financial results for the year, reaching a total revenue of RMB109.4 billion, up 24% year-on-year. Profit attributable to owners of the parent hit a new record high at RMB13.4 billion, marking the seventh consecutive year of growth and registering a 10-year compound annual growth rate (CAGR) of 26%.

Looking ahead, Fosun will remain focused on the demands of families for health, happiness and wealth and thoroughly implement the development model of "Industry Operations + Industrial Investment" with "Glocalization". Fosun will also reinforce the synergies of "1 + N" ecosystem, empower the creation of good products through technology, and strive to enhance its operational efficiency, in order to accomplish the vision of creating happy lives for 10 billion families worldwide.

About Fosun

Fosun was founded in 1992. Fosun International Limited is a family-focused multinational company that has been listed on the main board of the Hong Kong Stock Exchange (00656.HK) since 2007, with total assets over RMB638.8 billion (c.US$93.1 billion) as of 31 December 2018. With its roots in Mainland China, and through technology and innovation, Fosun's mission is to create customer-to-maker (C2M) ecosystems in health, happiness and wealth, providing high-quality products and services for families around the world. Fosun International ranks No.416 on the 2019 Forbes Global 2000 List.

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Source: Fosun
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