Xinyi Solar Selected as a Constituent Stock of Hang Seng Global Composite Index and Hang Seng Composite Index Series
Xinyi Solar Holdings Limited (“Xinyi Solar” or the “Group”; stock code: 968), the largest ultra-clear photovoltaic (“PV”) raw glass manufacturer in China, is pleased to announce that the Group has been selected as a constituent stock of the following indices effective 10 March 2014:
Hang Seng Global Composite Index (“HSGCI”)
Hang Seng Composite Index (“HSCI”) Series:
– Hang Seng Composite Index
– Hang Seng Composite Industry Index – Industrials
– Hang Seng Composite SmallCap Index
The Hang Seng Global Composite Index (“HSGCI”) is a benchmark that reflects the overall movement of all companies listed on the Stock Exchange of Hong Kong (“HKEx”). It is freefloat-adjusted Market Value (MV) weighted with a 10% capitalisation on individual stocks or HDRs. The stocks / HDRs which are constituents of either the Hang Seng Composite Index or Hang Seng Foreign Companies Composite Index are selected as constituents of the Hang Seng Global Composite Index.
As for the Hang Seng Composite Index (“HSCI”), it offers a comprehensive Hong Kong market benchmark that covers about 95% of the total market capitalisation of companies listed on the Main Board of the Stock Exchange of Hong Kong. Adopting the freefloat-adjusted market capitalisation methodology, the HSCI can be used as a basis for index funds, mutual funds and performance benchmarks. The HSCI is reviewed semi-annually.
Mr. LEE Yin Yee, Chairman of Xinyi Solar, said, “The Group is delighted with our selection as a constituent stock of HSGCI and HSCI after its listing on the Main Board of the Stock Exchange of Hong Kong in December last year. We will continue to strengthen our business operations and do our best to maximise value for our shareholders.”