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China Shenhua, the nationa's largest
coal producer. (File Photo)
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BEIJING,
Oct. 27 (Xinhua) -- 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.
The move will come into effect on Nov. 5, said HSI
Services Ltd on Friday night. Following the constituent change, the number of
constituent stocks in the China AH Index Series will increase from 33 to 34.
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.
The company listed on the Hong Kong stock exchange in
June 2005. So far, its total H-share value has jumped five times from 17.5
billion U.S. dollars to 108.7 billion U.S. dollars.
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.
