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COSCO SHIPPING Development’s A and H Stocks Became Constituent Stocks of MSCI China Index Great Efforts on Industry-Finance Integration were Recognized in International Capital Market
发布时间: 2018-05-16

  

  On May 15, 2018, Morgan Stanley Capital International (MSCI) published the results of its semiannual adjustment of index constituent stocks. COSCO SHIPPING Development’s A and H stocks were both included in MSCI CHINA INDEX, and such adjustment will be made after closing on May 31, 2018 and take effect on June 1.

  COSCO SHIPPING Development is committed to developing into a leading Chinese, global first-class supply chain integrated financial service provider with shipping and logistics features. Its inclusion in the list of constituent stocks of MSCI China Index fully reflects high acclaim in international capital markets for its excellent business performance, and also showcases its high capability for sustainable development and profitability enhancement and its high levels of environmental, social and corporate governance. To date, the Company has already been included in the trading list of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect and has been a constituent stock of Hang Seng Composite Small-cap Index.

  In its future development, COSCO SHIPPING Development will continually cherish the idea of “combining industry with finance, promoting industry through finance”, actively respond to and tap financial service requirements of the shipping industry, promote further development of “shipping finance industry” by centering on “marine economy” , and develop larger business space in various aspects including capital market operation, shipping finance service, diversified financing and shipping fund business.

  MSCI Stock Index is one of the most commonly used indices among institutional investors for stock selection and investment monitoring, and the inclusion in this index is believed to promote the Company’s reputation and valuation and help increase the Company’s stock transaction.

 
 
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Cosco Shipping Development Company Limited (formerly China Shipping Container Lines Company Limited), a specialized corporation affiliated to China COSCO Shipping Corporation Limited, is mainly involved in supply chain integrated financial services. It was established in 1997, with head office in Shanghai, the PRC, and is listed both in Hong Kong and Shanghai. The registered capital of the Company is RMB11.68 billion. As at June 30 2016, the Company had total assets of RMB101.29 billion.
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