Uxin Limited (NASDAQ: UXIN), an online used car dealer in China, announced on 1 December that it will be included in the MSCI Global Small Cap Index – China Index, effective after the U.S. market close on November 30, 2021.
Uxin’s management regards the MSCI inclusion as another key milestone of the company’s development, and a testament to the success of its business transformation into an inventory-owning model since last year.
John Lin, Uxin’s CFO, notes, “This milestone also reflects the confidence of investors in the company’s long term growth strategy and solid nationwide leadership.”
The MSCI China Index is a widely referenced benchmark among institutional investors. The MSCI Global Small Cap Index – China Index is a free float-adjusted market capitalization index with 254 constituents and represents approximately 14% of the China equity universe.