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Hang Seng Index adds pharma and apparel companies

Hong Kong's blue chip benchmark drops Bank of East Asia and China Merchants Port

The Bank of East Asia and China Merchants Port Holdings will be dropped from the blue chip index.   © Reuters

HONG KONG -- Sino Biopharmaceutical and Shenzhou International Group will become part of the 50-member Hang Seng Index next month, the operator of the Hong Kong benchmark said Friday.

The Bank of East Asia and China Merchants Port Holdings will be dropped from the index, based on a quarterly review of blue chips. Those two companies are part of the Nikkei Asia300 Index.

The changes take effect Sept. 10, according to Hang Seng Indexes.

Shenzhou International, headquartered on the mainland, is a contract producer of knit apparel whose clients include Nike and Adidas. China Merchants Port is a port operator based in Hong Kong.

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