Kunlun Energy to be Hang Seng Index's 50th component

HONG KONG Fri Nov 16, 2012 10:41am GMT

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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.


After wave of QE, onus shifts to leaders to boost economy

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.