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Index compiler MSCI to remove China telecom firms after Trump ban

MSCI Inc. will remove China’s three major telecommunications companies from its indexes on Friday, giving global funds just one day to adjust billions of dollars of passive investments. The index provider’s decision to cut China Mobile Ltd., China Telecom Corp. and China Unicom Hong Kong Ltd. at the close of business applies to their shares in Hong Kong, which are far more actively traded than the securities due to be delisted by the New York Stock Exchange. The rush to rebalance lifted volume in all three stocks to at least seven times the daily average over the past three months.

Where is Jack Ma, China s billionaire e-commerce pioneer?

Où est Jack Ma, le fondateur d Alibaba et Alipay ? | Finance et Investissement

Où est Jack Ma, le fondateur d Alibaba et Alipay ? | Finance et Investissement
finance-investissement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-investissement.com Daily Mail and Mail on Sunday newspapers.

Hang Seng proposes major overhaul of HK stock index

Hang Seng proposes major overhaul of HK stock index
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

Hang Seng proposes sweeping overhaul of Hong Kong stock index: Report

Hang Seng Indexes Co. is considering wide-ranging changes to Hong Kong’s stock benchmark that would dilute the influence of its largest companies. The five proposals include maintaining “a certain number of constituents classified as Hong Kong companies,” according to a 16-page consultation paper released Tuesday. Hang Seng is also considering increasing the number of companies to between 65 and 80, as well as capping weightings at 8 per cent and fast-tracking new listings. The index currently has 52 members with weights limited to 10 per cent. The sweeping proposal comes amid significant changes within the city’s stock market, as a wave of Chinese megacaps choose the financial hub as a preferred venue to sell shares.

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