Kunlun Energy to be Hang Seng Index's 50th component
HONG KONG Nov 16 (Reuters) - Kunlun Energy will become the 50th component of Hong Kong benchmark, Hang Seng Index, with effect from Dec. 10, the index manager said in a statement after markets closed on Friday.
Chinese auto maker Great Wall Motor Co Ltd will replace rival BYD Co Ltd, backed by Warren Buffett, as a component stock on the China Enterprises Index of the top Chinese listings in Hong Kong.
These changes were part of the index manager's quarterly review.
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DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.