China Construction Bank Corporation (“CCB”, stock code: 939) will officially join the Hang Seng Index on September 11, 2006, becoming the first H share firm to be included in the blue-chip index. The weighting of CCB in the index will be 2.16%.

 “Since the debut of the shareholding transformation and IPO, CCB has made effective reform and innovation efforts. It keeps improving corporate governance and speeds up organizational reform and strategic transition. Meanwhile, following the “market-centric” business philosophy, it is committed to optimizing business process, innovating products and services and improving management system. While effectively controlling risks, CCB has achieved stable business growth and increase of business strength. It has grown into the mainland Chinese bank with the strongest competitiveness, marketing and risk control capacity and profitability. That CCB becomes the first H share company joining the Hang Seng Index illustrates the recognition of its sound performance and market position,” said CCB spokesperson.

“We are honored of this achievement and would like to extend our gratitude once again to the investors, the HSI Services Ltd. and all circles of the society for their support over the years. Faced with the fluctuating market, we will continue working hard to improve corporate governance, strengthen risk management, accelerate business innovation and expansion, raise assets quality and profitability, provide the best services for the customers and bring the maximum return to the investors,” added the spokesperson. 

In March this year, CCB became a constituent of Hang Seng China Enterprises Index and Hang Seng 50 (including Hang Seng Mainland 25). On August 11 this year, HSI Services Ltd. declared the upcoming formal inclusion of CCB (993) in Hang Seng Index in September, making the bank the first H share firm joining the blue-chip index.

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.

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