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China Enterprises Index drops 2.87%, 03/14

(Xinhua)
Updated: 2007-03-15 10:54

Hang Seng China Enterprises Index on Hong Kong Stock Exchange plunged Wednesday with 266.36 points, or 2.87 percent lower, to close the day's trading at 9,002.48.

The H-shares index, initiated in August 1994 and readjusted on March 12, 2007, tracks the overall performance of 41 Chinese mainland State-owned enterprises listed on the Hong Kong Stock Exchange.

Hang Seng China H-Financials Index moved down 350.14 points, or 3.11 percent, to close at 10,920.21.

The H-Financials Index, initiated on November 27, 2006, tracks the performance of eight major banks and insurers of the Chinese mainland.

Hang Seng China-Affiliated Corporations Index went down 84.96 points, or 2.62 percent, to close at 3,161.12.

The index tracks the performance of 31 locally listed companies with a significant equity interest held by entities in the Chinese mainland.

Hang Seng Mainland Composite Index went down 87.00 points, or 2.81 percent, to close at 3,008.77.

Introduced on October 3, 2001 and readjusted on September 11, 2006, Hang Seng Mainland Composite Index gauges the performance of 103 Hong Kong-listed companies with principal places of business in Hong Kong and the Chinese mainland.