{"id":25213,"date":"2022-08-19T12:55:00","date_gmt":"2022-08-19T12:55:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2022\/08\/19\/prudential-plc-2378-hk-included-as-a-constituent-of-the-hang-seng-composite-index\/"},"modified":"2022-08-19T12:55:00","modified_gmt":"2022-08-19T12:55:00","slug":"prudential-plc-2378-hk-included-as-a-constituent-of-the-hang-seng-composite-index","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2022\/08\/19\/prudential-plc-2378-hk-included-as-a-constituent-of-the-hang-seng-composite-index\/","title":{"rendered":"Prudential plc (2378.HK) included as a constituent of the Hang Seng Composite Index"},"content":{"rendered":"<p> \n<\/p>\n<div lang=\"en\">\n<p>        HONG KONG SAR &#8211;<br \/>\n<a href=\"https:\/\/www.media-outreach.com\/\" rel=\"sponsored\">Media OutReach<\/a> &#8211;<br \/>\n<strong><span lang=\"EN-GB\">19 August 2022 &#8211;<\/span><\/strong><strong><span lang=\"EN-GB\"> Prudential plc (2378.HK) will be included as a constituent stock <\/span><\/strong><span lang=\"EN-GB\">of the Hang Seng Composite Index (HSCI) with effect from 5 September 2022, according to the Index Review Results announced by Hang Seng Indexes Company Limited today.<br \/>\n  <\/p>\n<figure data-width=\"50%\" style=\"display: block; width: 100%; margin: 0px; padding: 0px; text-align: center;\" align=\"center\" class=\"\"><img alt=\"Prudential-James-TURNER-1-.jpg\" style=\"width: 50%; margin: 0px auto;\" data-src=\"https:\/\/images.media-outreach.com\/272526\/Prudential-James-TURNER-1-.jpg#image-272526\" class=\"lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\"\/><noscript><img src=\"https:\/\/images.media-outreach.com\/272526\/Prudential-James-TURNER-1-.jpg#image-272526\" alt=\"Prudential-James-TURNER-1-.jpg\" style=\"width: 50%; margin: 0px auto;\"\/><\/noscript><figcaption data-display=\"block\" style=\"text-align: left; font-size: 16px; line-height: 24px; display: block; margin: 0px auto; width: 50%;\" class=\"\">\n<div style=\"margin-top: 16px; text-align: left;\" align=\"left\"><i><\/p>\n<p><i>James Turner, Group Chief Financial Officer, Prudential<\/i><\/p>\n<p><\/i><\/div>\n<\/figcaption><\/figure>\n<p><\/span><br \/>\n<br \/>\n<span lang=\"EN-GB\">As a constituent of the HSCI, Prudential can now be considered for inclusion in the Shenzhen\u2013Hong Kong Stock Connect programme. Under this programme, eligible stocks can be traded by qualified investors<a href=\"#_ftn1\" title=\"\" rel=\"sponsored\"\/> in the Chinese mainland.<\/span><\/p>\n<p><span lang=\"EN-GB\">James Turner, Group Chief Financial Officer, Prudential said this is a milestone for the company\u2019s primary listing in Hong Kong.<\/span>\n<\/p>\n<p><span lang=\"EN-GB\">Prudential plc has been listed on the Stock Exchange of Hong Kong since 2010, and completed an equity raise of US$2.4 billion in September 2021 to enhance its financial flexibility to invest for growth in Asia and Africa. By the end of 2021, the Group completed the strategic re-positioning of its business to focus solely on growth opportunities in Asia and Africa.<\/span>\n<\/p>\n<p><span lang=\"EN-GB\">\u201cWe believe this index inclusion will further expand our investor base and increase the trading liquidity of our shares. As we pivot our business to Asia, we are keen to provide investors in the region, many of whom are our customers, an opportunity to benefit from the growth of our business.<\/span>\n<\/p>\n<p><span lang=\"EN-GB\">\u201cOur financial performance in the first half of 2022 shows that Prudential has a resilient business model that is backed by a multi-channel distribution platform.<\/span><span lang=\"EN-GB\"> <\/span><span lang=\"EN-GB\">Through over 530,000 agents and more than 170 bancassurance partners, as well as our digital platform, we have a tremendous reach across 23 markets, and are well positioned to tap the long-term structural growth opportunities across Asia and Africa,\u201d said Mr. Turner.<\/span>\n<\/p>\n<p><span lang=\"EN-GB\">Despite their fast-rising prosperity, people in Asia have low levels of insurance cover, with 39 per cent of health and protection spend still paid out of pocket. This creates a large and growing health protection gap that has been estimated at US$1.8 trillion.<\/span>\n<\/p>\n<p><span lang=\"EN-GB\">\u201cIn 2023, Prudential will celebrate 175 years of supporting customers and building our business as one of the world\u2019s leading insurance groups. With rising longevity and increased demand for health and protection across Asia and Africa, our focus remains on ensuring that Prudential can capture the breadth of opportunities that are available to us across the two continents,\u201d said Mr. Turner.<\/span>\n<\/p>\n<p><span lang=\"EN-GB\">The Group\u2019s 2022 Half Year results, reported on 10 August 2022, show the business continues to deliver resilient operational performance amid market volatility (link: <\/span><span lang=\"EN-GB\"><a href=\"https:\/\/www.prudentialplc.com\/en\/news-and-insights\/all-news\/news-releases\/2022\/10-08-2022\" rel=\"sponsored\">https:\/\/www.prudentialplc.com\/en\/news-and-insights\/all-news\/news-releases\/2022\/10-08-2022<\/a><\/span><span lang=\"EN-GB\">).<\/span><span lang=\"EN-GB\"\/>\n<\/p>\n<p><span lang=\"EN-GB\">As a FTSE 100 company, Prudential (PRU) shares are traded on the London Stock Exchange. The stock is <\/span><span lang=\"EN-GB\">also listed in Singapore (K6S) and New York (PUK).<\/span>\n<\/p>\n<div>\n  <br clear=\"all\"\/><\/p>\n<hr align=\"left\" size=\"1\" width=\"33%\"\/>\n<div>\n    <a href=\"#_ftnref1\" title=\"\" rel=\"sponsored\"\/><span lang=\"EN-GB\"> <\/span><span lang=\"EN-AU\">Eligible traders need to maintain a total balance of securities and cash account of not less than CNY 500,000.<\/span><br \/>\n    \n  <\/div>\n<\/div>\n<p><b>Hashtag: <\/b>#Prudential<\/p>\n<p>\n                <em>The issuer is solely responsible for the content of this announcement.<\/em>\n            <\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/hong-kong\/2022\/08\/19\/157936\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211; Media OutReach &#8211; 19 August 2022 &#8211; Prudential plc (2378.HK) will be included as a constituent stock of the Hang Seng Composite Index (HSCI) with effect from 5 September 2022, according to the Index Review Results announced by Hang Seng Indexes Company Limited today. James Turner, Group Chief Financial Officer, Prudential &hellip;<\/p>\n","protected":false},"author":1,"featured_media":25214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/25213"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=25213"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/25213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/25214"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=25213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=25213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=25213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}