6 February 2018, China First Capital Group Limited ("CFCG" or the "Group"; HKEX: 1269) has been selected as a constituent of Hang Seng Composite Index Series and Hang Seng Stock Connect Hong Kong Index Series, all together comprising seven major indices, managed by the Hang Seng Indexes Company Limited, with effect from 5 March 2018.
The seven major indices in the two series are:
- Hang Seng Composite Index and its subdivision of MidCap Index
- Hang Seng Global Composite Index
- Hang Seng Consumer Goods & Services Index
- Hang Seng Stock Connect Hong Kong Index
- Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index
- Hang Seng SCHK Mainland China Companies Index
- Hang Seng SCHK ex-AH Companies Index
The Hang Seng Composite Index ("HSCI") 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 ("HKEx"). Adopting the freefloat-adjusted market capitalisation methodology, the HSCI can be used as a basis for index funds, mutual funds as well as performance benchmarks. The Hang Seng Global Composite Index serves as a benchmark that reflects the overall performance of all companies listed on the HKEx.
Dr. Wilson Sea, Chairman and Executive Director of CFCG, said, "We are delighted that CFCG is selected as a constituent of the Hang Seng Composite Index Series and Hang Seng Stock Connect Hong Kong Index Series after it made the MSCI China Small Cap Index. This is clear evidence of the capital market being confident of CFCG's development and the prospects of the Education Industry. This recognition will not only bolster the Group's reputation, but also strengthen investor confidence in CFCG. Capitalising on our reputation and position in the international capital markets, we will diligently push forward with our 'Education Operation plus Financial Services' dual-pronged strategy. We will also continue to consolidate our advantages from owning various financial service licenses to grasp opportunities in and outside China, and realize the goals of driving growth of the Group and generating satisfactory returns for shareholders."