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SHEIN to Join Hang Seng Composite Index Under Fast Entry Rule

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SHEIN Global (HKG:0625) will join the Hang Seng Composite Index following the application of the index's fast entry rule, according to a Wednesday exchange notice.

The fast-fashion retailer will be added to the index and its relevant sub-indexes after the market closes on Sept. 14, with all changes taking effect on Sept. 15.

SHEIN debuted in Hong Kong on Tuesday, ending 0.1% lower from its IPO price on its first day of trading. Shares of the company shed 5% on Wednesday, now trading below its IPO price of HK$48.56.

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