Swire Pacific(0019) was removed from the Hang Seng Index blue chips, marked the decline of the British companies. Meanwhile, mainland technology giant Meituan (3690) finally became a blue-chip stock, and Budweiser (1876) and Anta (2020) are also the blue-chip upstartsSuffered from the epidemic, Swire Pacific and its Cathay Pacific Airways (00293) took a hit since the beginning of 2020. Swire Pacific's latest share price of HK$43.25 slumped by nearly 60 percent compared to the high of HK$103.8 in April 2019. From 1973 to 1974, Swire injected Taikoo Dockyard, a listed company, into Hong Kong's major assets to reorganize Swire Pacific. It is a founding member of the Hang Seng Index constituent stocks and has been a blue-chip member for more than half a century.

Source: The Standard November 13, 2020 11:03 UTC