Sanctioned Chipmaker SMIC Joins Hang Seng’s ESG Indexes
- SMIC added to HSI ESG Enhanced Index with effect from June 13
- Firm was recently added to Hong Kong’s Hang Seng Index
This article is for subscribers only.
Semiconductor Manufacturing International Corp. has been added to two ESG-focused indexes in Hong Kong, even as China’s largest chipmaker remains a sanctioned entity in the US.
The company will join the HSI ESG Enhanced Index and the HSI ESG Enhanced Select Index following a review, according to a statement from Hang Seng Indexes Co. late Wednesday. The change will come into effect on June 13. Shares rose as much as 1.3% on Thursday before erasing gains.