Shenhua added to Hang Seng China AH Index Series
Updated: 2007-10-28 09:09
China Shenhua, the nation's largest coal producer, has been added to the Hang Seng China AH Index Series which comprises the largest and most liquid Chinese mainland companies with both A-share and H-share listings.
HSI Services said China Shenhua met all the criteria for entrance to the series. On its debut earlier this month, Shenhua lifted the market capitalization of the Chinese mainland's two bourses to more than 27 trillion yuan (US$3.6 trillion).
The company listed on the Hong Kong stock exchange in June 2005. So far, its total H-share value has jumped five times from US$17.5 billion to US$108.7 billion.
The Hang Seng China AH Index Series was launched on July 9 this year. The introduction of the series was aimed at helping investors track the performance of those companies that have both mainland-listed A shares and Hong Kong-listed H shares.
The China AH Series comprised 27 constituent companies that completed share reform when the indexes were launched. The largest index constituents included China Life, Sinopec Corp, China Merchants Bank and the Industrial and Commercial Bank of China.
Analysts said with more mainland companies trading stocks on both markets, Hong Kong investors will pay more attention to the mainland markets.
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