Hang Seng Index opens door to WVR stocks

Hong Kong_adobe_12May_575
By Jonathan Breen
21 May 2020

Hong Kong’s benchmark Hang Seng Index made a historic change this week, allowing companies with weighted voting rights (WVRs) and secondary-listed shares on to the index.

Hang Seng announced on Monday that it will add WVR and secondary-listed companies from Greater China to the benchmark HSI and to the Hang Seng China Enterprises Index (HSCEI).

The change will bring Chinese technology giants such as Xiaomi Corp, Meituan Dianping and Alibaba Group Holding, the HKEX’s ...

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