HONG KONG: China Construction Bank Corp, the country’s third largest lender, is likely to become the first H-share company to join Hong Kong’s blue chip index, reflecting the growing influence of the world’s fourth largest economy on the city’s stock market.
The index hosts several Chinese-backed firms incorporated in Hong Kong but, if the results of a quarterly review play out as expected tomorrow, the bank, valued at around US$100bil and with 14,000 branches across China, would be the first fully fledged, Chinese-registered firm to join it.
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