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China CITIC Bank Corporation Limited (CITIC) was listed yesterday on the Shanghai Stock Exchange (SSE), with the total market capitalization of A shares reaching RMB154.4 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), CITIC will be included on May 18 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, S Shanghai AJ Corporation and Yanzhou Coal Mining Company Limited will be deleted from the SSE 180 and SSE 50 Indices, respectively. Ningbo Fuda Company Limited (Ningbo Fuda) will be deleted from both the SHSE-SZSE300 Index and the CSI800. Besides, Anhui Expressway Company Limited (Anhui Expressway) and Hua Xia Bank Co., Limited 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. Anhui Expressway will be included in these two indices while Ningbo Fuda is to be deleted.
After the adjustment, the market capitalization of the SSE 180 Index will cover 75.03% of the total from 74.47%, with its floating capitalization coverage of 58.44%; the market capitalization of the SSE 50 Index will cover 62.41% of the total from 61.75%, with its floating capitalization coverage of 38.05%; the market capitalization of the SHSE-SZSE300 Index will cover 72.97% of the total from 72.46%, with its floating capitalization coverage of 60.44%; the market capitalization of the CSI100 will cover 58.15% of the total from 57.39%, with its floating capitalization coverage of 36.52%; the market capitalization of the CSI800 will cover 86.34% of the total from 86.10%, with its floating capitalization coverage of 82.77%.
