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China enterprises index 2.75% higher

(Xinhua)
Updated: 2009-10-24 10:03

The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange surged 356.09 points, or 2.75 percent, to close Friday's trading at 13,316.02.

The H-shares index, initiated in August 1994 and readjusted on Sept 7, 2009, tracks the overall performance of 44 major Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange.

The Hang Seng China H-Financials Index went up 625.98 points, or 3.51 percent, to close at 18,437.88.

The H-Financials Index, initiated on Nov 27, 2006, readjusted on Sept 10, 2007, tracks the performance of nine major banks and insurers of the Chinese mainland.

The Hang Seng Mainland Composite Index rose 75.02 points, or 1.84 percent, to close at 4,154.98.

Relatedreadings:  SOE revenues down 3.5% in Jan-Aug  China Resources Land to join Hang Seng index

Introduced on Oct 3, 2001 with the latest readjustment effective on March 9, 2009, the Hang Seng Mainland Composite Index gauges the performance of 132 Hong Kong-listed companies with principal places of business in Hong Kong and the Chinese mainland.

The Hang Seng China-Affiliated Corporations Index rose 58.65 points, or 1.42 percent, to close at 4,200.70.

The index tracks the performance of 34 locally listed companies with a significant equity interest held by entities in the Chinese mainland.