KBC Shares Included in the FTSE Russell GEIS Index
Release date:
2022-02-21
Recently, FTSE Russell, the international index provider, announced the results of its quarterly review for the flagship indices in February 2022. The announcement revealed that the FTSE Global Equity Index Series (referred to as FTSE GEIS hereafter) has newly included 102 Chinese A-shares this time—comprising 26 large-cap A-shares, 4 mid-cap A-shares, and 72 small-cap A-shares—effective after the market close on March 18. Among the total 102 newly added A-share constituents, KBC Shares (stock code: 688598) was also listed.
FTSE Russell is the world's second-largest index provider and a wholly owned subsidiary of the London Stock Exchange Group. The FTSE Russell Global Equity Index Series encompasses more than 8,000 securities across 46 countries, representing 99% of the total market capitalization of globally investable securities. These indices are widely used by investment managers and institutional investors for index funds and serve as benchmarks for active investment strategies. A-share stocks selected for inclusion in this index system will gain exposure to international markets, making them accessible for screening and investment by FTSE Russell Global Equity Index Funds as well as various global capital flows that track the FTSE Russell A-Share Index.
This inclusion in the FTSE Russell index reflects the strong recognition from both domestic and international capital markets regarding KBC Shares (stock code: 688598) for its strategic layout in the new energy industry, operational achievements, innovative technological capabilities, and robust risk management practices. As a leading manufacturer and supplier of core components for clean energy, the company will continue to focus on advanced materials, pursuing the development of diversified products and expanding into new markets. We are committed to researching, developing, and marketing high-performance solutions—such as materials that offer exceptional resistance to high temperatures, wear, and corrosion—aimed at serving key sectors like new energy, semiconductors, hydrogen energy, and electric vehicles, all while striving to deliver value to our shareholders and society.
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