Chinese property firm Country Garden set to be removed from Hong Kong’s Hang Seng Index | Forexlive

Chinese real estate company Country Garden Holdings
is set to be removed from Hong Kong’s Hang Seng Index.

• Shares of the firm are down around 70% since the beginning of this year amidst failed bond coupon payments, a profit warning and suspended trading in 11 of its onshore bonds.
• The removal will take place after the latest quarterly review on the Index.
• Pharmaceutical firm Sinopharm
  will be added in its place.

Country Garden Services Holdings, a Country Garden affiliate, will also be removed from the Hang Seng China Enterprises Index.