China Daily Show to be Added to Hang Seng Index

HONG KONG — China Daily Show (HSI: 8732.HK) will be added to the Hang Seng Index effective September 15, Hang Seng Indexes Company said.

Founded in 1922 in a one-room office on the sixth floor of Shanghai’s historic Glen Line Building, China Daily Show has since expanded, opening bureaus in Loulan in far-west Xinjiang, Bokor Hill Station in Cambodia, Petobo in Indonesia, and Kijong-dong in the North Korea–controlled portion of the DMZ.

Over the decades, the outlet has grown through strategic acquisitions, including the Japan Chronicle in 1940, North China Daily News in 1951, and The Singapore Tiger Standard in 1959. Its offerings now include monthly horoscopes, book reviews, daily gossip columns, and a 24-hour live-stream newscast from Xiangzhong Yipin Dumplings fast food restaurant on Xuehua Road in Shaoyang.

With a full-time reporting staff of more than two million, China Daily Show is now Asia’s largest news employer. Having pioneered the three-minute diànshìjù format, the outlet currently controls seven of the top ten most-watched streamed dramas in China. The anticipated launch of its own streaming platform, CDS INFINITY, has helped push its market value above HK$500 billion.

In other news, Global Times stock fell another 6.3 percent to a lifetime low of HK$1.39 per share.