JD Health, Trip.com to join Hang Seng Index next month, as compiler resumes additions to meet its 100-member target
- Zijin Mining and China Resources Power are the other two companies that will be included in the equity benchmark starting June 5
- Hang Seng Indexes Co is working towards its eventual goal of having 100 stocks in the gauge, but the pace of additions has been slower than the market’s expectations
Four companies including JD Health International and Trip.com Group will join the Hang Seng Index starting next month, following the benchmark’s latest quarterly review.
After the change, the Hang Seng Index will cover 65 per cent of the Hong Kong exchange’s US$5.6 trillion market value, compared with 62 per cent currently, according to the statement.
As part of the quarterly rebalancing, China Shenhua Energy will be added to the Hang Seng China Enterprise Index, a 50-member gauge of Chinese companies listed in the city, according to the statement. Country Garden Holdings will be removed from the gauge. The gauge has fallen 0.6 per cent this year.
The Hang Seng stock gauges were tracked by global funds with a combined US$57.6 billion in assets as of the end of last year, according to the index compiler. The Hang Seng Index is the most well-known one and was launched in November 1969.
