Caixin
Jul 12, 2022 04:25 PM
BUSINESS

Hang Seng Composite Index Dumps Six Chinese Property Firms

What’s new: The compiler of the Hang Seng Composite Index dropped six Chinese private property firms from the gauge on Monday, including China Evergrande Group and Sunac China Holdings Ltd., after the companies suspended trading for three months and failed to disclose their 2021 annual reports.

Evergrande’s property management and services arm has also been deleted from the index, along with Kaisa Group Holdings Ltd., China Aoyuan Group Ltd., and Shimao Property Holdings Ltd.

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