Alibaba, Xiaomi, and WuXi Biologics join benchmark in nod to new economy stocksWeighted voting rights companies, Alibaba Group (9988), smartphone maker Xiaomi (1810) will become part of the 50 constituent stocks in the benchmark Hang Seng Index, following a review, announced today. These changes to the HSI, which represent the largest and most liquid listed companies, will be effective Monday, September 7. The Hang Seng Indexes Company, which publishes the benchmark, had earlier changed the requirements to allow dual-class shares and secondary listings, to reflect the evolution of the equity market. Sino Land (0083), Want Want China (0151), China Shenhua Energy (1088) were ejected from the benchmark. In addition, Alibaba and Xiaomi, and Meituan Dianping (3690), will be included in the Hang Seng China Enterprises Index, which represents Chinese companies, or H shares.

Source: The Standard August 14, 2020 12:38 UTC