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New index like the old

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Why you can trust SCMP
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WITH the dust pretty much settled on the Hang Seng index constituent changes, HSI Service's intentions have become a little clearer.

A number of brokerages have been exercising their computers, running bench tests of the new index and the mix of stocks that will exist in the transition period.

The index changes were prompted by the Jardine Group deciding to quit their secondary listings here.

Group parent Jardine Matheson and group holding company Jardine Strategic will leave the index first in November.

They will be followed by Dairy Farm International, Hongkong Land and Mandarin Oriental in February.

Along with the Jardine companies, Lai Sun and Winsor are being removed.

In two waves these companies will be replaced by Johnson Electric, Shangri-La Asia, SCMP, Oriental Press, Sino Land, Amoy Properties and Guangdong Investments.

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