In an effort to streamline its products and systems, Standard & Poor’s will change the country of domicile for a series of companies currently classified as either Hong Kong, Hong Kong (China) or China across several of its index families, effective after the close of business Friday, June 20.
These changes are the result of extensive analysis, whereby several securities were found to have different countries of domicile across multiple index families. The streamlining will create uniformity across all S&P products by having one definition for Hong Kong and China stocks. Each security will be assigned to only one of two domiciles - China or Hong Kong – and this classification will apply across all index families comprised of such stocks.
A separate announcement for each of the major indices with their respective changes is now available.
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