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ICBC, China Life to join HSI

(Xinhua)
Updated: 2007-02-10 11:25

On the other hand, the HSBC once falling below 140 HK dollars benchmark during the trading, closed 0.28 percent lower to 140.2 HK dollars. And China Mobile closed 0.84 percent lower to 76.40 HK dollars.

Analysts said the constituent changes will not impose a great impact on the market as the results of the review are largely within the expectation. But they believed that the share of HSBC will drop further because of its bad-debts warning plus the decreasing weighting of the HSI.

They also agreed that since the number of HSI constituents will continue to increase gradually to a maximum of 50, as the review report has announced, more and more Chinese mainland enterprises will become HSI members finally. Petro China, Bankcomm andPing An Insuranceare very likely to join HSI family after they are listed on the A-share market.

HSI Service also announced that five companies will join the H-share Index and one constituent will be removed, increasing the number of constituents from 37 to 41.

The five companies are China Comservice, ICBC, China Comm Cons, ChinaCoal and CM Bank. The company off the list is Huadian Power.

There is no change to the constituents of the H-Financial Index, HSI Service said.