HONG KONG, Jan. 7 -- Major indices tracking the performance of China-related companies listed on the Hong Kong Stock Exchange closed lower on Wednesday.
The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange dropped 399.83 points, or 4.63 percent, to close at 8,244. 68.
The H-shares index, initiated in August 1994 and readjusted on Jan. 5, 2009, tracks the overall performance of 42 Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange.
The Hang Seng China H-Financials Index went down 575.56 points, or 5.23 percent, to close at 10,420.35.
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.
The Hang Seng Mainland Composite Index dropped 140.10 points, or 4.90 percent, to close at 2,717.60.
Introduced on Oct. 3, 2001 with the latest readjustment effective on Oct. 20, 2008, the 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.
The Hang Seng China-Affiliated Corporations Index went down 171. 92 points, or 4.84 percent, to close at 3,378.52.
The index tracks the performance of 33 locally listed companies with a significant equity interest held by entities in the Chinese mainland.