China Aircraft Leasing Group (CALC) has been selected as an eligible stock under Southbound Trading of Shenzhen-Hong Kong Stock Connect (“SZ-HK Connect”). The Group has also been included in the Hang Seng Stock Connect Hong Kong Index Series, consisting of the Hang Seng Stock Connect Hong Kong Index (“HSHKI”), Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index (“HSHKMS”) and the Hang Seng Stock Connect Hong Kong SmallCap Index (“HSHKS”). The index change is effective starting from 6 March 2017.
Mr. Mike Poon, Chief Executive Officer of CALC, commented, “The Group has been selected as the eligible stock under Southbound Trading of SZ-HK Connect, allowing mainland investors to trade CALC stocks through the Southbound Trading mechanism. We believe this will help the Group to further diversify its investor base and further improve our standing and influence in the equity market. CALC will continue to expand its business globally, developing innovative financing channels as well as business model, capturing opportunity in the value chain of aviation industry, building our leading position as the full-value chain solutions provider, and delivering higher return to its shareholders.”
SZ-HK Connect is one of the important channels for promoting financial development and integration between Hong Kong and mainland China. According to the scheme, mainland institutional investors and individual investors who hold an aggregate balance of not less than RMB500,000 in their securities and cash accounts are eligible to participate through southbound trading of the Connect. The daily quota of southbound trading is set at RMB10.5 billion.Date: March 7, 2017