The international index preparation company FTSE index released on July 9th that it will officially introduce Xiaomi into the FTSE China 50 Index after the market close on July 13, and will take effect on July 16th. At the same time, ZTE Corporation (00763.HK) ) will be removed on the same day.
It is reported that the FTSE Index refers to the FTSE Global Equity Index Series, which includes the globally recognized index to the domestic index (such as the famous FTSE 100 Index). FTSE China The 50 Index is a real-time tradable index launched by FTSE Index Co., Ltd. (now known as the FTSE Russell Index), one of the world's four largest index companies, to reflect the performance of the Chinese mainland market for international investors.
The FTSE China 50 Index includes companies listed on the Hong Kong Stock Exchange. It is understood that the FTSE China 50 Index maintains a fixed number of constituent stocks. If the number of eligible stocks that meet the criteria exceeds the number of constituents deleted, the current ranking is the lowest. The constituents will be deleted to ensure that the shares deleted and included in the regular review are maintained at the same number. In other words, when a company is quickly included in the FTSE China 50 Index, the lowest FTSE China in total market capitalization The 50 index constituents will be removed according to the closing price of the first trading day and will be deleted after the closing of the fifth trading day. The repeated twists and turns of the ZTE ban event made it exhausted. The stock price has been continuously falling, and ZTE was excluded from the FTSE. The China 50 Index seems to be somewhat unexpected.
In contrast, Xiaomi, which was still in a downturn on the first day of the IPO, officially landed on the Hong Kong Stock Exchange yesterday. The opening price of the first day of trading was HK$16.6, closing at HK$16.8, down 1.18% from the issue price of HK$17. In the morning, the opening price of Xiaomi was HK$17. Since then, Xiaomi has been sought after by funds. The stock has risen by more than 14%. The stock price once exceeded HK$19. As of the close, it rose 13.1% to HK$19. , turnover of more than 9.7 billion Hong Kong dollars, the market value of 42.51 billion Hong Kong dollars (about 54.1 billion US dollars).
In addition, Xiaomi will also be included in the Hang Seng Composite Index on July 23. Hong Kong Hang Seng Index Company said that since the Xiaomi Group meets the requirements of the Hang Seng Composite Index for rapid inclusion in the index rules, the constituents of the relevant index will be available from July 23, 2018. Effective. The Hong Kong Hang Seng Index also announced that Xiaomi was included in the Hang Seng Composite Index, Hang Seng Global Composite Index, Hang Seng Internet Technology Industry Index. After becoming a constituent of the Hong Kong Hang Seng Index, Xiaomi Group will become the target of Shanghai-Hong Kong Stock Connect, and A-share investors can Borrowing Hong Kong stocks to buy Xiaomi stocks. However, some market analysts said that although Xiaomi’s momentum is very strong, due to the rapid changes in the market environment, the company’s positioning valuation is not clear, and the Chinese depositary receipts (CDRs) are suddenly postponed in the Mainland. The IPO Hong Kong retail investors' subscriptions were less than expected, and the over-purchase quota was far worse than the previous public security, such as Wenwen and Yixin.