Number of stocks in Shenzhen Index raised to 500
May 26, 2015 Category Stock Markets, Weekly
The Shenzhen Stock Exchange increased the number of constituent stocks in its benchmark index from 40 to 500, ahead of the launch of a stock trading link between the Shenzhen and Hong Kong bourses. The constituent stocks in the Shenzhen Component Index have a combined market capitalization of CNY13 trillion, representing nearly 60% of the total of Shenzhen-listed shares. The index now covers 199 companies listed on the main board, 211 firms on the SME board for small- and medium-sized enterprises and 90 entities on the ChiNext board, with weightings at 48%, 35% and 17% respectively. The adjustment raised the weighting of information and technology-related companies to 20% from 14% while the weighting of financial and property stocks was reduced to 14% from 31%. UBS Securities said earlier that China is likely to allow overseas investors to trade stocks in the expanded Shenzhen Component Index under the link between the Shenzhen and Hong Kong stock exchanges, which is expected to launch later this year.
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