MSCI China Index picks China Gas as constituent
The gas operator’s selection reflects the strong recognition of the company from the investment community.
Leading PRC piped-gas operator China Gas Holdings Limited (“China Gas”) has been selected as a constituent of the MSCI China Index recently, making it the only gas operator among the 15 additions. The changes to the MSCI China Index will take effect after the stock market close of 30 November 2010.
The MSCI China Index is compiled by Morgan Stanley, an international investment bank. The stocks included must fulfill market capitalization, free float and liquidity criteria. Its high reference value makes it one of the most commonly used indices among institutional investors.
Mr. Liu Ming Hui, Managing Director of China Gas, said, “We are pleased to see that China Gas will become part of the MSCI China Index, which is perhaps the most important China market investment index. Constituent stocks included in the index are companies with excellent performance and development potential. Among the additions announced in the recent review, China Gas is the only PRC gas operator and this reflects the strong recognition from the investment community of our outstanding development track record over the years. Looking ahead, we will continue to provide clean energy to people and enterprises in the PRC and do our best to maximize value for our shareholders.”