CPID Selected as Constituent of FTSE China Large Cap Index
In late February 2022, FTSE Russell announced the index constituent update, and CPID was selected as a constituent of the FTSE China Large Cap Index.
The FTSE China index constituents include A-share and Hong Kong listed companies. This announcement has 15 Hong Kong listed companies removed from the index and 13 Hong Kong listed companies added. The smooth transfer of CPID from the mid-cap index to the large-cap index will further raise the attention from domestic and overseas capital markets and CPID's influence, and help build the international capital market image of "world-class green and low-carbon energy provider".
FTSE Russell is part of the London Stock Exchange and is a global leader in the indexing industry. For nearly 30 years, FTSE Russell's professional index products have been widely used by global investors, with approximately 15 trillion US dollars of assets currently benchmarked against the FTSE Russell indices. FTSE Russell publishes semi-annual updates of the index constituent reviews, and the relevant adjustments are highly influential in the industry.
In 2021, the new leadership team of CPID led all its staff to accelerate the strategic transformation with a sense of urgency and mission of "no waiting", and started CPID's new journey of building a world-class green and low-carbon energy provider. CPID has repositioned itself as a green and low-carbon company that operates clean energy assets and is driven by innovations, thus elevating the value of CPID in the capital market. The total market capitalization of the listed company exceeded 60 billion HK dollars at the highest, its stock price rise ranked among the top among the over 2,200 stocks in Hong Kong in 2021, and its excellent performance was recognized by various professional institutions both at home and abroad.