Hang Seng adds Country Garden unit, Xinyi Solar and Buffett-backed BYD to kick off its biggest index overhaul in half a century – Therapy Box

Hang Seng adds Country Garden unit, Xinyi Solar and Buffett-backed BYD to kick off its biggest index overhaul in half a century

Warren Buffett-backed battery producer BYD, the solar panel glass manufacturer Xinyi Solar Holdings and property management firm Country Garden Services Holdings will become constituents of the Hang Seng Index from next month, as part of the largest expansion of the index in history since its establishment in 1969.The three new members will raise the number of constituents on Hong Kong’s benchmark index to 58 with effect from June 7, according to a statement by Hang Seng Indexes.The addition,…