HK Stock Market Move | CHINA QINFA (00866) rises more than 4% and is included in MSCI Global Small Cap Index. The company owns mining rights in five major regions in Indonesia.

CHINA QINFA (00866) rose more than 4%, up 2.56% as of the time of writing, at 3.2 Hong Kong dollars, with a turnover of 3.4588 million Hong Kong dollars. On the news front, on November 6, CHINA QINFA announced that following a recent review of the index by Morgan Stanley Capital International (MSCI), the company has been included in the MSCI Global Small Cap Index. This adjustment will take effect after the market closes on November 24, 2025. The MSCI Global Small Cap Index, compiled by MSCI, aims to measure the performance of small cap companies in the market. The MSCI index is referenced by international professional investment institutions. Recently, CHINA QINFA announced the latest progress of its wholly-owned subsidiary, PT Trisula Sumber Energi (TSE), in the development of a coal mine in South Kalimantan, Indonesia. The TSE coal mine is currently in the pre-development planning stage and construction has not yet started. The company expects to begin mining activities in the first quarter of 2026. Minsheng Securities pointed out that the company currently holds mining rights in five major mining areas in Indonesia, including SDE, TSE, SME, VSE, and IMJ, with the SDE mining area having a planned capacity of 30 million tons.