Pacific Basin Shipping Limited, one of the world’s leading dry bulk shipping companies, has announced its selection as an eligible stock for Southbound Trading under Shenzhen - Hong Kong Stock 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"), and the Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index ("HSHKMS"). The index revision is effective from 4 September 2017.
About Pacific Basin
Pacific Basin Shipping Limited is one of the world’s leading owners and operators of modern Handysize and Supra max dry bulk vessels. As at 30 June 2017, Pacific Basin operates about 250 dry bulk ships of which 101 are owned and 156 are chartered. Pacific Basin is listed and headquartered in Hong Kong, and provides a quality service to around 500 customers, with approximately 3,000 seafarers and 330 shore - based staff in 12 offices in key locations around the world.
About SZ - HK Stock Connect SZ -
HK Stock Connect is a security trading and clearing links programme for establishing mutual market access between Hong Kong and Mainland China. The mutual order - routing connectivity will enable investors in their respective markets to trade designated securities listed in the o ther’s market. Under SZ - HK Stock Connect, Mainland investors are able to trade selective SEHK Securities. These include all the eligible stocks for southbound trading under Shanghai Connect, the constituent stocks of the Hang Seng Composite SmallCap Index (“HSSI”) which have a market capitali s ation of not less than HKD 5 billion.