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Alibaba and Xiaomi cleared to enter Hong Kong benchmark index

New rules also allow Meituan Dianping to join gauge dominated by financial firms

Companies from the greater China region with a secondary listing in Hong Kong or with shares carrying different voting rights are eligible to be included in the Hang Seng Index beginning in August.   © Reuters

HONG KONG -- Chinese technology companies Alibaba Group Holding, Xiaomi and Meituan Dianping have been cleared to be included in Hong Kong's main share index under new rules adopted on Monday, in a move that will also reduce the financial domination of the five-decade-old benchmark gauge.

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