HSI adds China Merchants, Denway Motors to Hang Seng index

China Merchants Holdings (International) and Denway Motors will join the Hang Seng index, the bench mark for Hong Kong stock market from Sept. 6, Vincent Kwan, general manager of HSI services told Xinhua Saturday.

While welcoming new constituents, HSI services will remove Shanghai Industrial Holdings and Television Broadcasts from the bench mark index.

Kwan said this is the first reshuffle of the index since June last year, though the index compiling company quarterly reviews the index.

After the adjustment, among the 33 constituents, there will be nine mainland companies, instead of eight.

Assuming the constituents changes had become effective on Aug. 11, the market value coverage of the market value weighted Hang Seng index will have risen to 74.4 percent from 74.1 percent, following the changes, Kwan said.

HSI services also dropped Anhui Expressway while adding Ping An Insurance and CSCL (China Shipping Container Line) to Hang Seng China Enterprises Index, which makes the total number of constituent stocks in Hang Seng China Enterprises Index to 38 from 37.

Source: Xinhua