China Enterprises Index Down 2.74 Pct -- May 20

The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange went down 394.10 points, or 2.74 percent, to close at 13,973.20 Tuesday.

The H-shares index, initiated in August 1994 and readjusted on March 10, 2008, tracks the overall performance of 42 Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange.

The Hang Seng China H-Financials Index went down 429.95 points, or 2.43 percent, to close at 17,250.44.

The H-Financials Index, initiated on Nov. 27, 2006, readjusted on Sept. 10, 2007, tracks the performance of nine major banks and insurers of the Chinese mainland.

The Hang Seng Mainland Composite Index went down 125.45 points, or 2.59 percent, at 4,725.14.

Introduced on Oct. 3, 2001 and readjusted on Sept. 11, 2006, the 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.

The Hang Seng China-Affiliated Corporations Index was down 151. 87 points, or 2.59 percent, at 5,870.55.

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

Source: CRIEnglish