(From Business Daily Update)
Headline: Hang Seng index needs revision to include H-shares - BOCI
The Hang Seng index needs to be revised to reduce the weightings of major blue chips such as HSBC Holdings PLC, and include H-shares to reflect the current market more accurately, the South China Morning Post reported, citing BOCI Research research head Ho Cheuk-yuet.
HSBC Holdings PLC's 30 percent weighting in the index is too high and distorts the real picture of the Hong Kong market as the bank's many operations overseas may not reflect the situation in Hong Kong, he said.
The size of the stock also makes it easier for …