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All Rights Reserved. It's a sign that the Asian financial hub, caught in a battle for its future between East and West — is prepared to embrace its role as a gateway for China's tech industry to the world. Most stock quote data provided by BATS. This coverage ratio compares favorably with major overseas stock indices. The Hang Seng Composite Index Series (恒生綜合指數) was launched on October 3, 2001, targeting on providing a broad standard of the performance of the Hong Kong stock market. To ensure the impartiality of its operation, Hang Seng Indexes Company Limited established an Independent Advisory Committee to give advice on issues pertaining to the indexes, including constituent changes and the development of new indexes.

For a newly listed large-cap stock, the minimum listing time required for inclusion in the stock universe for the HSI review is as follows: Among the eligible candidates, final selections are based on their: The current Hang Seng Index is calculated from this formula: Current~Index Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". On 21 August the index entered a bear market. The Hang Seng passed the 10,000 point milestone for the first time in its history on December 10, 1993 and, 13 years later, passed the 20,000 point milestone on December 28, 2006. = ii) A company will be classified into different sectors according to its majority source of sales revenue(or profit or assets if relevant).

Brock Silvers, chief investment officer for Adamas Asset Management, told CNN Business last week that the city could find "new relevance" as a center for Chinese finance. Hang Seng Indexes, the city's leading index compiler, on Monday announced the creation of a new benchmark that will track the 30 largest, Hong Kong's role as a global financial center has been shaken in recent months by. More companies could consider Hong Kong listings. These 50 constituent companies represent about 58% of the capitalisation of the Hong Kong Stock Exchange.[1]. 24,918.78. Factset: FactSet Research Systems Inc.2019. "The coming of Chinese tech companies to Hong Kong will fundamentally transform the city's stock market," Tang said. × It caters for the unique characteristics of the Hong Kong stock market and maintains the international compatibility with a mapping to international industry classification. It was last revamped on March 8, 2010, and comprises 307 constituents (will become 306 from August 9, 2010[citation needed]). Some of China's biggest tech champions, including Alibaba, "The tech sector has become increasingly important for the Hong Kong market," said Daniel Wong, director and head of research and analytics at HSI. All rights reserved. Disclaimer. Yesterday's~Closing~Index Hong Kong (CNN Business)Hong Kong is launching a new Nasdaq-like technology index. HSI was started on November 24, 1969, and is currently compiled and maintained by Hang Seng Indexes Company Limited, which is a wholly owned subsidiary of Hang Seng Bank, one of the largest banks registered and listed in Hong Kong in terms of market capitalisation. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Its all-time low is 58.61 points, reached retroactively on August 31, 1967, after the base value was established but before the publication of the index. ∑ [ iii) Re-classification of a stock's Industry Sector will occur once the company's business has undergone a major change, such as, substantial merger or acquisition.

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