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Citi maintains end-2018 target of 13,500 for HSCEI 
As Hang Seng Indexes is including 10 Red-chips and P-chips to the Hang Seng China Enterprises Index (HSCEI) as part of the efforts to make the index a representative "China index of Hong Kong market", Citi Research maintains its end-2018 index target of 13,500 for the HSCEI.

Citi sees the index enhancement a positive step in broadening the index coverage, which could improve its popularity and attract more funds tracking or benchmarking the index. With more private and "new economy" companies to be added to the index, Citi expects the index to gradually close the valuation gap with other major indexes such as the Hang Seng Index and MSCI China.

Hang Seng Indexes also announced the constituent changes for the Hang Seng Composite Index, which will affect the eligible stocks for Southbound purchase under the Stock Connect. Twenty-one stocks will be added to the index, all of which should become eligible for Southbound trading. Meanwhile, 30 stocks will be removed, of which 12 are currently in Stock Connect.

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