Several key indices of the Hong Kong stock market have undergone adjustments once again.
On February 13, Hang Seng Indexes Company announced the results of the quarterly review of the Hang Seng Index Series as of December 31, 2025. Based on the results of the quarterly review, the number of constituent stocks in the Hang Seng Index will increase from 88 to 90.$Hang Seng H-Share Index ETF (02828.HK)$Index, $Hang Seng Composite Index (800701.HK)$Constituent stocks have also been adjusted.
All the above changes will be implemented after the market close on March 6, 2026 (Friday) and will take effect starting from March 9, 2026 (Monday).
Inclusion of Hang Seng Index Constituent Stocks$Contemporary Amperex Technology (300750.SZ)$three stocks
According to the relevant review results, three stocks will be added to the Hang Seng Index constituent stocks, $CATL (03750.HK)$ 、 $CMOC (03993.HK)$ 、 $LAOPU GOLD (06181.HK)$ while one stock will be removed. After the adjustment, the number of Hang Seng Index constituent stocks will increase from 88 to 90. Notably, Laopu Gold has seen a sharp rise recently, with its share price increasing by nearly 20% since the beginning of 2026. $ZHONGSHENG HLDG (00881.HK)$ one stock
Regarding the Hang Seng China Enterprises Index, the number of constituent stocks will remain at 50. $KE Holdings (BEKE.US)$ and $HORIZONROBOT-W (09660.HK)$ will add two stocks while removing $CHINA RES BEER (00291.HK)$ and $MENGNIU DAIRY (02319.HK)$ two other stocks.
The Hang Seng Composite Index will include $BANK OF E ASIA (00023.HK)$ among 53 stocks, while excluding $SHUI ON LAND (00272.HK)$ among 28 stocks. After adjustments, the number of constituent stocks in the Hang Seng Composite Index will increase from 507 to 532, an addition of 25 stocks.
In addition, there will be no changes to the constituents of the Hang Seng Tech Index, with the number of constituent stocks remaining at 30.
The Hong Kong stock market shows clear signs of divergence.
Since entering 2026, structural divergence has emerged within the Hong Kong stock market. On one hand, $Hang Seng Index (800000.HK)$ continued to rise, while on the other hand, internet stocks and technology stocks concentrated in the $Hang Seng TECH Index (800700.HK)$ underwent adjustments.
Data shows that since 2026, the Hang Seng Index has cumulatively increased by 3.65%, while the Hang Seng Tech Index fell by 2.82% during the same period. In contrast, in 2025, both the Hang Seng Index and the Hang Seng Tech Index achieved growth, rising by 27.77% and 23.45% respectively for the entire year.
Looking at the performance of the constituent stocks of the Hang Seng Index, the divergence during the listing period was more pronounced. According to Wind data, among the 88 constituent stocks of the Hang Seng Index since 2026, 69 have risen, 18 have fallen, and one stock’s current price remains unchanged from the end of 2025.
Analyzing the specific performance of the constituent stocks of the Hang Seng Index, $TRIP.COM-S (09961.HK)$ 、 $MEITUAN-W (03690.HK)$ 、 $NTES-S (09999.HK)$ 、 $SUNNY OPTICAL (02382.HK)$ 、 $TENCENT (00700.HK)$ some stocks have cumulatively declined by more than 10% since 2026. A closer examination reveals that the stocks with significant declines among the Hang Seng Index constituents were mainly internet stocks; in contrast, during the same period, $SHK PPT (00016.HK)$ 、 $TECHTRONIC IND (00669.HK)$ 、 $POP MART (09992.HK)$ 、 $WUXI BIO (02269.HK)$ 、 $WUXI APPTEC (02359.HK)$ 、 $XINYI GLASS (00868.HK)$ 、 $MTR CORPORATION (00066.HK)$ 、 $ALI HEALTH (00241.HK)$ 、 $CHINA LIFE (02628.HK)$ , Haidilao, and other stocks rose by over 20%. These top-performing stocks span multiple sectors, including real estate, trendy toys, biomedicine, and catering.
Editor/Jayden
