China Construction Bank (CCB) is set to become the first H-share company in Hong Kong's blue-chip Hang Seng Index, the index compiler HSI Services said Friday. CCB will be the third-largest blue chip by market capitalization, after HSBC Holdings and telecommunications operator China Mobile, and ahead of conglomerate Hutchison Whampoa. H-shares are Hong Kong-listed shares of companies registered and based in China. The compiler said in a statement it would also remove Johnson Electric Holdings and computer maker Lenovo Group, and add exchange operator Hong Kong Exchanges & Clearing and handset maker Foxconn International Holdings. The changes, which take effect September 11, will increase the number of companies in the benchmark index by one to 34, accounting for 63.7% of the Hong Kong market's capitalization, compared with the current 55%, based on trading data for the 12 months ended June 30.
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