Sunday, May 6, 2007

Ping An, China Overseas Land May Join Benchmark Hong Kong Hang Seng Index

(Bloomberg) -- Ping An Insurance (Group) Co., China's second-biggest insurer, may join Hong Kong's Hang Seng Index after a quarterly review of the stock benchmark, Nomura Holdings Inc. and Core Pacific-Yamaichi International (H.K.) Ltd. said.

China Overseas Land & Investment Ltd., a Hong Kong-based developer controlled by China's construction ministry, also may be added, said Kent Yau, deputy head of research at Core Pacific- Yamaichi in Hong Kong. HSI Services Ltd., which compiles Hong Kong's stock indexes, will announce the changes May 11, according to its Web site.


Read more at Bloomberg Emerging Markets News

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