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Industrial Bank Co., Ltd. (CIB) was listed yesterday on the Shanghai Stock Exchange (SSE), with the total market capitalization of A shares reaching RMB79.9 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), CIB will be included on February 26 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, China United Travel Company Limited and COSCO Shipping Company Limited will be deleted from the SSE 180 and SSE 50 Indices, respectively. Wuhan Kaidi Electric Power CO., Ltd. (Kaidi) will be deleted from both the SHSE-SZSE300 Index and the CSI800. Besides, SeaRainbow Holding Corp. (SeaRainbow) and Dashang 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. SeaRainbow will be included in these two indices while Kaidi is to be deleted.
After the adjustment, the market capitalization of the SSE 180 Index will cover 78.89% of the total from 77.51%, and 62.66% of the floating capitalization from 62.18%; the market capitalization of the SSE 50 Index will cover 67.59% of the total from 66.31%, and 42.96% of the floating capitalization from 42.66%; the market capitalization of the SHSE-SZSE300 Index will cover 77.07% of the total from 75.98%, and 64.55% of the floating capitalization from 64.25%; the market capitalization of the CSI100 will cover 63.83% of the total from 62.80%, and 41.92% of the floating capitalization from 41.71%; the market capitalization of the CSI800 will cover 88.79% of the total from 87.70%, and 85.15% of the floating capitalization from 84.85%.
