Weichai Power selected into MSCI emerging market index stock list



MSCI, the world's leading index provider, announced in 21 June that China's A-share has been included in the MSCI Emerging Markets Index and the MSCI ACWI Global Index since June 2018. The MSCI index is the benchmark index used by the global portfolio manager, with approximately $ 10 trillion in assets globally based on the MSCI index. MSCI stock selection most value stock stability, growth, market value and other comprehensive factors. In the middle to long term, after the inclusion of MSCI, foreign institutional investors will be able to participate extensively in A shares, which will increase the proportion of institutional investors and improve the investor structure. The MSCI plan initially included 222 Chinese A shares.As a comprehensively strong A + H shareleading company, Weichai power was selected in the index list.

Established in 2002, Weichai Power Co., Ltd. (HK2338, SZ000338), is China's first domestic engine industry listed in Hong Kong stock market, as well as first stock to return to China main land stock markets. Since the listing, Weichai Power management was strictly in accordance with the law, constantly improved the corporate governance structure, standardized the operation of the company, continued to enhance the quality of information disclosure, and strengthened investor relation management, which are all highly recognized by the capital market. At the same time, the company continued to enhance the level of management, solidly promoted the international strategy, and actively promoted the strategic transformation and structural adjustment. At present, Weichai has a large number of rich strategic resources and international brands, such as Weichai engine, Shacman heavy truck, Fast transmission, Hande axle, KION forklift, Dematic automatic logistics, and PSI alternative fuel power system. The business structure, product portfolio and business layouthave become more reasonable, and the anti-risk ability continues to increase. In the first quarter of 2017, Weichai Power achieved operating income of 34.988 billion yuan, increasing 84.13%, and Net profit attributable to parent company share holders of 1.18 billion yuan, increasing 158.38%.