China Enterprises Index surges 6.19% Monday

The Hang Seng China Enterprises Index surged 433.60 points, or 6.19 percent, to close at 7,441.13 on Monday.

The H-shares index, initiated in August 1994 and readjusted on March 10, 2008, tracks the overall performance of 42 Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange.

Hang Seng China H-Financials Index also went up 477.46 points, or 4.96 percent, to close at 10,094.63.

The H-Financials Index, initiated on Nov. 27, 2006, readjusted on Sept. 10, 2007, tracks the performance of nine major banks and insurers of the Chinese mainland.

Hang Seng Mainland Composite Index was up 138.78 points, or 5. 94 percent, at 2,475.75.

Introduced on Oct. 3, 2001 with the latest readjustment effective on Oct. 20, Hang Seng Mainland Composite Index gauges the performance of 130 Hong Kong-listed companies with principal places of business in Hong Kong and the Chinese mainland.

Hang Seng China-Affiliated Corporations Index went up 198.68 points, or 6.95 percent, to close at 3,056.15.

The index tracks the performance of 33 locally listed companies with a significant equity interest held by entities in the Chinese mainland.

Source:Xinhua