BUZZ-Chinese developer CIFI leads Hong Kong Stock Connect program's newcomers higher

Reuters03-04

** Shares of CIFI Holdings lead rise in Hong Kong-listed Chinese property firms newly joining the Shenzhen-Hong Kong Stock Connect, soaring as much as 43.3% to HK$0.48, highest since Sept 27

** Stock last up 10.5%; biggest gainer in Hang Seng Composite Index on properties and construction stocks

** Chinese property developers, including CIFI, Shimao

, Evergrande Property Services are included in the Shenzhen-Hong Kong Stock Connect program effective March 4, according to a filing from Shenzhen stock exchange

** Shimao jumped as much as 28.8% to HK$0.67, highest since Jan 2, while Evergrande Property Services surged as much as 18.6%

** Among other newcomers to the progam, WuXi XDC jumps 22.2%, ZX Inc surges 10.2%, ZTO Express

rises 7.1% and China Shineway Pharmaceutical adds 3.8%

** Companies being removed include Shangri-La Asia GOME Retail , Shimao Services , KWG Group

and China Huarong Asset Management , sending stocks down 1.2% and 26.8%

** Hang Seng Mainland Properties Index drops 3.2%, Hang Seng Composite Index on properties and construction stocks

falls 1.3%, and Hang Seng Index slips 0.3%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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