① What kind of index is this? ② Which stocks are included in this index?
On November 15, the Financial Associated Press reported from Hong Kong (Reporter Tian Lei) that the Hong Kong Stock Exchange today announced the launch of an index tracking the overall performance of large Chinese companies under the Shanghai-Shenzhen-Hong Kong Stock Connect, further enriching the product ecosystem of Hong Kong's capital markets.
The Hang Seng Hong Kong Stock Exchange Shanghai-Shenzhen-Hong Kong Stock Connect China Enterprises Index (Shanghai-Shenzhen-Hong Kong Stock Connect China Enterprises Index) will be launched on November 21, 2024, and is the first co-branded index by the Hong Kong Stock Exchange and Hang Seng Index Company.
The components of the China enterprises index under the Shanghai-Shenzhen-Hong Kong Stock Connect include the 80 largest Chinese companies listed on the Hong Kong, Shanghai, and Shenzhen stock exchanges that can be traded through the Stock Connect. This cross-market index covers different sectors in a balanced manner, providing global investors a comprehensive and authoritative benchmark to capture investment opportunities in the Chinese market.
Bonnie Chan Yi-Ting, CEO of the Hong Kong Stock Exchange Group, stated: "This year marks the 10th anniversary of the opening of the Shanghai-Shenzhen-Hong Kong Stock Connect. The Stock Connect has significantly enhanced the importance and competitiveness of the Hong Kong market. The launch of the Shanghai-Shenzhen-Hong Kong Stock Connect China Enterprises Index demonstrates our commitment to improving the interconnection between the mainland China and international markets, providing investors with more choices and opportunities, and allowing us to continue developing emerging businesses. We look forward to working closely with asset managers, issuers, and market participants to develop more new products based on this index, further enriching the product ecosystem of the Shanghai-Shenzhen-Hong Kong Stock Connect, making the Hong Kong capital market more vibrant."
CEO of Hang Seng Index Company, Wu Wanwen, stated that this index is an extension of the flagship Hang Seng China Enterprises Index, further incorporating large A-shares that meet the trading qualifications for interconnection, making it a comprehensive China index that helps global investors grasp opportunities in China through interconnection. With the combined advantages of Hang Seng Index Company and the Hong Kong Stock Exchange, and the continuously growing trading volume of interconnection, the launch of the Hang Seng Hong Kong Stock Exchange Shanghai-Shenzhen-Hong Kong Stock Connect China Enterprises Index will further assist Hong Kong in playing the role of a 'super connector' and help the mainland connect with the international market.
The Hong Kong Stock Exchange and Hang Seng Index Company will work together to promote the Shanghai-Shenzhen-Hong Kong Stock Connect China Enterprises Index, to enhance Hong Kong as the preferred international financial center for China-related investment products. The index will be published through the respective platforms of the Hong Kong Stock Exchange and Hang Seng Index Company starting from November 21, 2024.