1,099 China A-shares to be added to S&P Emerging BMI
1,099 China A-shares are expected to be added to S&P Emerging BMI, which will be effective on Sept 23, China Securities Journal reported on Sunday.
The A-shares of 147 large cap stocks, 251 mid-caps and 701 small caps are mainly in five industries including banking, non-banking finance, food and beverage, medicine and electronics, the report said.
At a partial inclusion factor of 25 percent, China's A-shares are projected to represent a weight of 6.2 percent in the S&P Emerging BMI, in which China as a whole is expected to weigh 36 percent, the report said citing an email from S&P DJI.
These A-shares are not eligible for ChiNext listings, and a separate consultation will be conducted prior to any decision to include shares listed on ChiNext, according to the official website of S&P DJI.
The list of companies and projected weights are still subject to change based on market movements over the next two weeks, the report said.
