Hang Seng Launches Hang Seng SCHK China Central State-owned Enterprises Index, Support Investors Tracking & Aligning Investments with China State-Owned Enterprises
24th May 2023 | Hong Kong
Hang Seng Indexes Company has launched the Hang Seng SCHK China Central State-owned Enterprises Index, supporting investors tracking & aligning investments with China State-Owned Enterprises (SOEs). Hang Seng Indexes: “With central SOEs being the cornerstone of China’s national economy, several favorable policies have been put forward recently to focus on deepening the reform to enhance the profitability of SOEs and revive their valuation. It is expected that those strengthening SOEs with improved efficiency and competitiveness will play a more pivotal role in serving national strategic goals and stimulating China’s economic development. The Hang Seng SCHK China Central State-owned Enterprises Index aims to reflect the performance of stocks listed in Hong Kong with Chinese central SOEs of the State-owned Assets Supervision and Administration Commission of the State Council (‘SASAC’) as the largest shareholder, and are eligible for trading via the southbound trading link of Stock Connect Scheme. As of 15th May 2023, the top four sectors with the highest weightings in the index were Energy (27.1%), Properties & Construction (16.7%), Telecommunications (16.1%) and Consumer Staples (9.0%).”
“ Hang Seng Launches Hang Seng SCHK China Central State-owned Enterprises Index, Support Investors Tracking & Aligning Investments with China State-Owned Enterprises “
Daniel Wong, Chief Index Officer at Hang Seng Indexes Company: “In light of ongoing SOEs reform, it is expected that SOEs will continue to serve as the key driver of China’s rapid economic growth. The launch of the Hang Seng SCHK China Central State-owned Enterprises Index will help investors to capture the opportunity related to SOEs. With deep understandings about China equity market, Hang Seng Indexes Company will continuously deliver an array of indexes to facilitate investors to embrace expanding investment opportunities in China.”
About Hang Seng Indexes Company Limited
Hang Seng Indexes Company Limited (‘Hang Seng Indexes Company’) manages and compiles the Hang Seng Family of Indexes, which cover stocks listed in Hong Kong and mainland China. Our index series includes the Hang Seng Index, the Hang Seng China Enterprises Index and the Hang Seng TECH Index, as well as Stock Connect, Greater Bay Area, Sustainability and sector-related indexes. As at the end of 2022, assets under management in products passively tracking indexes in the Hang Seng Family of Indexes had reached a total of about USD57.6 billion. Hang Seng Indexes Company is a wholly owned subsidiary of Hang Seng Bank. For further information on the Hang Seng Family of Indexes, please visit www.hsi.com.hk
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