China to reshuffle equities index components

SHANGHAI, Dec 15 - China Securities Index Co said on Monday that it would change some of the components of its equities indexes, effective from the first trading day of next year, to reflect changed market conditions.

Eighteen stocks will be added to the CSI300 Index <.CSI300> and 18 removed. The index, against which many Chinese equity funds are benchmarked, consists of the 300 local-currency A shares with the largest market capitalisation and liquidity.

Additions include television and mobile phone maker TCL Corp <000100.sz>, liquid crystal display producer BOE Technology Group <000725.sz>, China Railway Construction Corp <601186.ss>, and Zijin Mining Group <601899.ss>.

Deletions include chemical fibre and textile maker China Union Holdings <000036.sz>, Haima Investment Group <000572.sz>, Zhongchu Development <600787.ss>, and computer equipment trader Insigma Technology Co <600797.ss>.

Full details of revisions to all indexes are posted on the index company's website, www.csindex.com.cn .