X Financial, a leading technology-driven personal finance company in China, today announced that the Company’s stock has been added to the MSCI China Small Cap Index, effective on Tuesday, May 28, 2019.
MSCI is a leading provider of critical decision support tools and services for the global investment community. MSCI China Small Cap Index is designed to measure the performance of small stocks in China’s market. With 233 constituents, the index represents approximately 14% of the free float-adjusted market capitalization of the China equity universe.
“We are pleased to have been included in the MSCI China Small Cap Index,” commented Mr. Justin Tang, the Founder, Chief Executive Officer and Chairman of the Company. “Our inclusion reflects our solid growth and business fundamentals, growing recognition in international capital markets, strong corporate governance, and the leading role we play in China’s fin-tech industry.”
“We will continue to leverage our advanced technology and cutting-edge financing solutions and products to expand our market share and strengthen our position as a leading fin-tech player in China in order to create long term value for our shareholders.”