FTSE Index Expands
Chuangxin, Sany, SBI Shinsei, and Castings Secure FTSE Index Inclusion Using Composite Rating.
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Key Points
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Chuangxin Industries Holdings Limited (SEHK: 2788) was added to the FTSE All World Index; the announcement describes the composite rating as an average of rankings across Returns (Composite), Profitability (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite).
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Sany Heavy Industry Co. Ltd (SEHK: 6031) was added to the FTSE All World Index, with the methodology stated as a ranking-average across Returns, Profitability, Quality of Financial Reporting and Financial Health (all shown as “Composite” categories in the note).
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SBI Shinsei Bank Limited (TSE: 8303) was added to the FTSE All World Index; the note repeats that the composite framework is based on ranking averages across the stated composite categories before index inclusion.
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Castings P L C (LSE: CGS) was added to the FTSE All Share Index; the company-specific announcement includes the same composite-score framework used to rank firms ahead of inclusion.
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The requirement for the calculation to proceed is tied specifically to coverage across “at least 2 of these 3 ratings” (Returns (Composite), Profitability (Composite), and Quality of Financial Reporting (Composite)); Financial Health (Composite) is listed as part of the ranking-average framework, but the coverage threshold is described only for the three core ratings.
Four companies officially joined major FTSE equity indexes on June 22, 2026. Chuangxin Industries Holdings (SEHK: 2788), Sany Heavy Industry (SEHK: 6031), and SBI Shinsei Bank (TSE: 8303) all entered the FTSE All-World Index, while Castings PLC (LSE: CGS) was added to the FTSE All-Share Index, according to MarketScreener.
The additions became effective at the start of trading after a June 19 market-close rebalancing, where passive funds began shifting capital to match the new index weights, LSEG reported.
How FTSE Russell Decided Which Companies Qualified
FTSE Russell uses a four-part composite score to rank companies before index inclusion. The score averages rankings across Returns, Profitability, Quality of Financial Reporting, and Financial Health — all measured as composite categories, per MarketScreener.
There is one key rule: a company must have data covering at least two of three core pillars — Returns, Profitability, and Quality of Financial Reporting — for the calculation to run. Financial Health is part of the ranking average but does not count toward that minimum threshold.
Sany's $759 Million Hong Kong Debut Unlocked Global Eligibility
Sany Heavy Industry only became eligible for the FTSE All-World because of its October 28, 2025 Hong Kong IPO. The company raised $759 million from cornerstone investors including Temasek and BlackRock at HKD 21.30 per share, according to Yahoo Finance.
The Hong Kong listing created the "A+H" dual-listing structure that gave global index providers access to Sany for the first time. Rotating Chairman Xiang Wenbo called the move a sign of "the capital market's strong confidence in Sany's high-quality development." The stock now sits in portfolios alongside Caterpillar and Komatsu at funds run by Vanguard and BlackRock, per Hargreaves Lansdown.
SBI Shinsei's Crypto Push Earns a Mainstream Stamp of Approval
SBI Shinsei Bank trades at a price-to-earnings ratio of 11.6x, roughly 7.2% below its estimated fair value of ¥1,605. Its profit attributable to owners jumped 34% in the most recent fiscal year, according to Investing.com.
Analysts at Simply Wall St flagged that long-term shareholder returns remain "deeply negative," raising concerns that the index inclusion could be a value trap for passive investors. Still, the bank's high dividend payout of 26.1% and its move into tokenized deposits and XRP crypto rewards drove its Profitability composite score high enough for inclusion.
Castings PLC Joins FTSE All-Share on Quiet Resilience
Castings PLC, the British foundry company with a market cap of roughly £117 million, was added to the FTSE All-Share Index. UK analysts describe the move as a "resilience play" after Castings kept its Return on Invested Capital above 10% for three straight years from 2023 to 2025, per Fidelity.
Estimates suggest FTSE All-World inclusion alone can trigger passive inflows worth 3% to 5% of a company's free-float market cap within the first 48 hours of effective trading, according to Elite Wealth Ltd. For smaller additions like Castings, the All-Share listing delivers a similar boost in visibility and institutional access.
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