S&P DJI to remove 21 Chinese firms from equities and bond indices

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  • S&P Dow Jones Indices said on Thursday it would remove a total of 21 Chinese companies from its equities and bond indices, including Hikvision and SMIC, following a Trump administration order prohibiting the purchase of certain Chinese securities by U.S. investors.
  • Securities from 10 Chinese companies will be deemed ineligible from equity indices prior to the market open on Dec. 21, the index provider said.
  • S&P DJI will also remove 11 additional securities in its fixed-income indices prior to the open on Jan. 1.

S&P Dow Jones Indices said on Thursday it would remove a total of 21 Chinese companies from its equities and bond indices, including Hikvision and SMIC, following a Trump administration order prohibiting the purchase of certain Chinese securities by U.S. investors.

Securities from 10 Chinese companies will be deemed ineligible from equity indices prior to the market open on Dec. 21, the index provider said.

S&P DJI will also remove 11 additional securities in its fixed-income indices prior to the open on Jan. 1.

Hikvision and SMIC did not immediately respond to a request for comment. Dec. 21, the index provider said.

www.cnbc.com/2020/12/10/sp-dji-to-remove-21-chinese-firms-from-equities-and-bond-indices.html

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