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

  • 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.
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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.

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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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