The change announced by the Hang Seng Indexes Company on Friday was made possible after the 50-year-old benchmark's publisher changed the rules on shareholder structure and secondary listings in May.
China's largest financial hubs are revamping key indexes to give more weight to internet companies<\/a>, which are increasingly important to its economy.
Alibaba and Xiaomi, along with delivery platform Meituan Dianping, will also join the 'H-share' Hang Seng China Enterprises Index, which represents Chinese companies listed in the city.
Changes to both indexes are effective September 7.
About $19.7 billion of assets under management in exchange-traded products were linked to the Hang Seng Index<\/a> with another $5.4 billion tied to the H-share index as of July, the index provider said.
The Hang Seng Index will drop Sino Land, Want Want China and China Shenhua Energy, while Sinopharm, BYD and Citic Securities<\/a> will leave the H-share index.
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