Ping An Insurance (Group) Company of China, Ltd. (Ping An of China) was listed yesterday on the Shanghai Stock Exchange (SSE), with the total market capitalization of A shares reaching RMB161.8 billion. It has met the conditions for large-cap stocks' IPO speedy entry into indices. According to the announcement by the SSE and China Securities Index Co., Ltd. (CSI), Ping An of China will be included on March 15 in the SSE 180 Index, SSE 50 Index, Shanghai Shenzhen 300 Index (SHSE-SZSE300 Index), China Securities 100 Index (CSI100), China Securities 800 Index (CSI800) and China Securities Southern Well-Off Industry Index (Well-Off Industry Index). Meanwhile, Huafa Industrial Co., Ltd. Zhuhai and Beijing TongRenTang Co., Ltd. will be deleted from the SSE 180 and SSE 50 Indices, respectively. Lingyuan Iron & Steel Co., Ltd. (Lingyuan Iron & Steel) will be deleted from both the SHSE-SZSE300 Index and the CSI800. Besides, Henan Zhongyuan Expressway Company Limited (Zhongyuan Expressway) and Shanghai Oriental Pearl (Group) Co., Ltd. will be deleted from the CSI100 and the Well-Off Industry Index, respectively. Meanwhile, the China Securities 200 Index and the China Securities 700 Index in the CSI Scale Indices System will also be adjusted accordingly. Zhongyuan Expressway will be included in these two indices while Lingyuan Iron & Steel is to be deleted.
After the adjustment, the market capitalization of the SSE 180 Index will cover 78.23% of the total from 77.71%, and its floating capitalization coverage rises to 61.68% from 61.34%; the market capitalization of the SSE 50 Index will cover 66.57% of the total from 65.8%, and its floating capitalization coverage rises to 41.73% from 41.18%; the market capitalization of the SHSE-SZSE300 Index will cover 76.06% of the total from 75.60%, and its floating capitalization coverage rises to 63.10% from 62.85%; the market capitalization of the CSI100 will cover 62.41% of the total from 61.72%, and its floating capitalization coverage rises to 40.13% from 39.72%; the market capitalization of the CSI800 will cover 88.17% of the total from 87.96%, and its floating capitalization coverage rises to 84.20% from 84.13%.
