(Yicai Global) Dec. 6 -- S&P Dow Jones Indices will include domestic Chinese A-shares which qualify to trade in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect in the Dow Jones Emerging Markets Index, effective next Sept. 23, before the opening of trading.
The New York-based S&P Dow Jones Indices will calculate these shares based on 25 percent of their market value upon inclusion, Shanghai Securities News reported today, but without offering further details.
Some 581 of these shares from the Shanghai Stock Exchange and 859 from the Shenzhen bourse were trading on the Hong Kong Stock Exchange as of yesterday, per statistics on its website.
The S&P Dow Jones will be the third index to incorporate A-shares. New York-headquartered MSCI has already included them into the MSCI Emerging Markets Index and the MSCI All Country World Index since June.
London's FTSE International Limited, trading as FTSE Russell FTSE Group, will also embed A-shares in its global stock index system as secondary emerging markets from next June, the company said in an earlier statement.
Editor: Ben Armour