The article probes into the problems with the Chinese market indices. HSI Services, the market leader in the Hong Kong market, produces the Hang Seng Index (HSI), the benchmark for the Hong Stock Exchange. The HSI already includes Hong Kong-listed mainland-China securities, dubbed H shares if they are privatized enterprises or red chips if they are foreign-incorporated companies controlling mainland-China assets. HSI Services' China Enterprises Index, comprising solely of H shares, is no more representative: it includes three oil stocks that make up 45% of the index. Its other key mainland effort, the Hang Seng China Affiliated Index, which incorporates red chips but not H shares, includes two telecom stocks that make up 62% of the index. In an attempt to find a more representative index, HSI Services and others have launched a host of indices, each calculated differently, each offering different interpretations of the China market. Alongside the MSCI China Index, for example, sits MSCI Zong Hua, which incorporates China and Hong Kong but not Taiwan; MSCI Golden Dragon, which also claims to be a China index, includes Taiwan. FTSE/Xinhua Index, a joint venture index provider for mainland China, boasts a China 25, which includes mainland Chinese B shares (an illiquid series of stocks aimed at foreign investors) and some H shares and red chips, but no A shares (domestic shares from which foreign investors were until recently excluded and to which access will still be restricted). FXI also operates A share-only indices.