ManpowerGroup Greater China Limited (“ManpowerGroup Greater China” or the “Company”, together with its subsidiaries, the “Group”, stock code: 2180), a leading workforce solutions provider in Greater China, is pleased to announce that it has been selected as a constituent stock of the MSCI Hong Kong Micro Cap Index following the latest round of MSCI index review. The adjustment of the index will take effect after the market closes on 26 November 2019. Twenty-three new stocks including ManpowerGroup Greater China will be added into the MSCI Hong Kong Micro Cap Index.
ManpowerGroup Greater China is the largest workforce solutions provider in the Greater China region by revenue in 2018, providing comprehensive workforce solutions and other HR services. The Company develops business in Mainland China, Hong Kong, Macau and Taiwan. As the workforce solutions provider listed in Hong Kong Main Board, the Company is benefited from its unique business model, strong brand inherited from its largest stakeholder and the well-known global leader in workforce solutions ManpowerGroup Inc. (NYSE: MAN), a company with operating history of over 70 years; and competitive advantage with abundant corporate client resources.
Listed on the Main Board of Hong Kong Stock Exchange on 10 July 2019, ManpowerGroup Greater China is included into the MSCI Hong Kong Micro Cap Index just four months after its IPO. We believe the inclusion reflects the market recognition on the Company’s business fundamentals, leading position in a fast-growing industry, brand strength, corporate governance, and long-term potential.
About ManpowerGroup Greater China Limited
ManpowerGroup Greater China Limited (“ManpowerGroup Greater China” or the “Company”, together with its subsidiaries, the “Group”, stock code: 2180), is the largest workforce solutions provider in the Greater China Region by 2018 revenue. The Group provides comprehensive workforce solutions and other HR services to clients located in Greater China, including Mainland, Hong Kong, Macau and Taiwan. As of June 30, 2019, the Group had served over 22,800 clients, including over 270 Fortune 500 companies and prominent local public and private employers. The Group’s services, namely, flexible staffing, headhunting, RPO and other HR services, are aimed at complementing clients’ business models throughout the different stages of the relevant industry lifecycles. The Group’s flexible staffing and headhunting services are popular among clients who are interested in expansion, and RPO service appeals to clients who wish to improve cost-efficiency. The Group’s largest stakeholder, ManpowerGroup Inc., is a New York Stock Exchange-listed Fortune 500 company and is a world leader in workforce solutions and services with a long operating history of over 70 years and a global network of nearly 2,600 offices, according to its 2018 annual report.