On February 25, 2022, the 9th HKEX Top 100 Stocks List was released, and China Development Bank Financial Leasing Co., Ltd. (HKG:01606) ranked 15th among the Top 50 Mid-cap Stocks. CDB Leasing is the only leasing platform of China Development Bank and the first publicly traded financial leasing company in China.
qq.com and Finet Group started compiling the HKEX Top 100 Stocks List in 2012 with a view to promoting the progress and prosperity of A of Hong Kong's capital market. These are the stocks with the best value and most momentum on the Main Board of the HKEX. As the influence of the list grows, more and more professional institutions and market players have used it as a benchmark for stocks listed on the HKEX.
The stocks are ranked based on a weighted sum of the following indicators: total market value, turnover, after-tax net profit, ROE, and ROA. Then, the top 100 stocks are selected and reviewed by a panel of experts. CDB Leasing stood out from more than 1,800 HKEX-listed companies and ranked 15th among the Top 50 Medium-cap Stocks.
Backed by China Development Bank, CDB Leasing is one of the leading companies in China's financial leasing industry. To consolidate the foundation of business operation, CDB Leasing has seized growth opportunities, actively encouraged business innovation, improved internal operation and management, and strengthened risk and compliance management systems.
In 2021, the Company maintained its strategic focus, stepped up to meet its obligations to its stakeholders, applied the new development philosophy, and made steady progress in high-quality development. All investment, risk prevention and control, and internal management goals were met with success. It maintained the A1 rating with Moody's, A rating with Standard & Poor's and A＋ with Fitch Ratings and consolidated its position as a leader in China's leasing industry.
For CDB Leasing, ranking among HKEX Top 50 Mid-cap Stocks is not only an honor but also a new starting point. It will continue to lead the industry in serving China's national strategies. It will continue to focus on supporting development finance and China's national strategies, take on the responsibility of serving the society and improving livelihoods, keep a sharp eye on trends in the development of national strategies and social technology, encourage business model innovation, offer smarter, more precise services, seek progress while maintaining stability, and provide multi-faceted, multi-level and sustainable leasing services for various industries. It will make an effort to solidify its place in the "first echelon" of companies supporting China's national strategies.