August 11, 2006--- HSI Services announced that China Construction Bank Corporation (CCB, stock code: 939) will become a constituent of Hang Seng Index (HIS) on 11 September. CCB is the first H-share to join HIS, with the weighting of 2.16%.
CCB’s Chairman Mr. Guo Shuqing said, “ CCB joined Hang Seng China Enterprises Index and will become the first H-share to join Hang Seng Index just within one year. This fully indicates the confidence of the capital market over CCB’s changes as well as the industry’s prospect. It is a great honor for us. And on this occasion, we want to express our many thanks to our investors and HIS Services for their long-term support. As a blue chip corporation, CCB will continue to honor its commitments to improve its corporate governance, strengthen risk management, speed up business and product innovation, and try its best to provide best services to customers and give investors more return.”
Background:
China Construction Bank Corporation (CCB) joined Hang Seng China Enterprises Index in this March and at that time, it became a constituent of Hang Seng 50 (including Hang Seng Mainland 25).
HSI Services Limited is a wholly-owned subsidiary of Hang Seng Bank and is responsible for compiling, publishing and managing the Hang Seng Index, Hang Seng Composite Index Series, and Hang Seng Freefloat Index Series, etc. it announced changes of the calculation methodology of H-shares Index and its consideration of adding qualified H-share companies into Hang Seng Index on June 30, 2006. Then today, it announced its constituent list of Hang Seng Index.
CCB’s Profile
China Construction Bank Corporation (CCB, Stock Code:939) was successfully listed on the main board of the Stock Exchange of Hong Kong Limited on 27 October 2005, the first public listing of China’s four largest state-owned commercial banks in the overseas market. CCB provides a comprehensive range of commercial banking products and services, and its principal business activities consist of corporate banking, personal banking and treasury operations. CCB is among the market leaders in