- Fosun International (00656.HK) included in Hang Seng China Enterprises Index
- Release Time: Aug 19, 2019
On August 16, Hang Seng Indexes Company announced the results of the quarterly review of the Hang Seng Index series as of June 28, 2019. Five stocks including Fosun International (00656) will be included in the Hang Seng China Enterprises Index (HSCEI), and the change will take effect from September 9, 2019 (Monday).
The Hang Seng China Enterprises Index is an important reference index of the Hong Kong stock market, which is regarded as the barometer of the overall performance of Chinese enterprises listed in Hong Kong. In addition to meeting the market value, turnover rate and other conventional requirements, private enterprises that are included in the Hang Seng China Enterprises Index also need to meet strict selection criteria for things such as listing time, stock price volatility, profitability, net cash flow from operating activities, dividends, etc.
In addition to Fosun International, Want Want China, Geely Auto, China Taiping and Sunac were also included in the Hang Seng China Enterprises Index this time.
In recent years, in a market environment of increasing uncertainty, Fosun International has maintained good resilience and stability in performance. According to Fosun International’s 2018 annual report, the company achieved its best performance in history again in 2018, with total revenue reaching RMB 109.4 billion, a year-on-year increase of 24%; net profit attributable to the parent company reaching a high record of RMB 13.4 billion, achieving growth for seven consecutive years, and a 10-year compound growth rate of 26%.
In the future, Fosun International will continue to focus on the needs of family health, happiness and wealth, deeply practice the strategy of "deep industry operation + industry investment" and globalization, strengthen the internal and external coordination of "1+N" ecology, and use technology to empower the creation of good products and improve enterprise operation efficiency, so as to realize the vision of creating a happy life for one billion families around the world.