South Carolina s Jewish Culinary History - Tablet Magazine tabletmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tabletmag.com Daily Mail and Mail on Sunday newspapers.
<p><span>Wilshire, a global investment technology and advisory company, today announce a collective launch with Nikkei, a major Japanese index provider and the parent company of the Financial Times (FT), and Hang Seng Indexes Company, the Hong Kong and mainland China index company, to bring to market the first in a series of indexes empowering investors to transition their investments towards a low-carbon and climate resilient economy.</span></p>
Changes to the Hang Seng Index Could Help Investors Diversify Risks, Strategist Says nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.
Hong Kong’s Hang Seng Indexes Company plans to nearly double the number of stocks in its flagship benchmark to 100 to make it more widely representative, a move that one market participant describes as “inevitable” to accommodate Chinese shares listed in the city.
The company will select the stocks from seven industry groups, including technology and healthcare, and slash the listing history requirement for inclusion into the 52-year-old Hang Seng Index to three months from the current two years.
The index provider is targeting to raise the number of stocks in the benchmark to 80 by mid-2022 through regular reviews, and cap the total at 100, it says in a statement on March 1.
By Reuters Staff
(Adds CEO quote, Hong Kong listing data)
HONG KONG, March 1 (Reuters) - Hang Seng Indexes Co. Ltd said on Monday it would shake up the main Hong Kong stock benchmark with the goal of including 100 companies, part of an effort to ensure the index better reflects the range of firms listed in Hong Kong.
The Hang Seng Index has historically been dominated by financial services institutions, and even after recent tweaks and additions, these currently account for 40% of the benchmark.
Tech giant Tencent, insurer AIA, and HSBC combined currently make up just shy of 30% of the index.