FTSE Russell to rebalance its China A50 Index

Global index publisher FTSE Russell said on Tuesday it will add Yihai Kerry Arawana Holdings and Chongqing Zhifei Biological Products to its widely tracked FTSE China A50 index.

Meanwhile, Offcn Education Technology and Hengli Petrochemical Co Ltd will be removed from the FTSE China 50 Index, FTSE Russell announced that as a part of its June review.

The changes will take effect at the close of trading on June 18, according to the statement.

Yihai Kerry Arawana Holdings is an agricultural and food products processing enterprise in China, with famous brands including "Arawana" "Olivoila" "Orchid" "Wonder Farm" "Neptune" "Fengyuan" "Golden Delicious" "Reyland" and "Jiejin 100".

Chongqing Zhifei, as a high-tech biological enterprise integrating the R&D, production, marketing, distribution as well as import and export mainly engages in the production of vaccines for human use, including the COVID-19 vaccine.

The FTSE China A50 Index is the benchmark for investors to access the China domestic market through A Shares, includes both mainland and overseas-listed Chinese companies.