What Is the Hang Seng Index?
The Hang Seng Index, an important indicator of Hong Kong stock market prices. The index is calculated from the market value of several constituent stocks (ie, blue chip stocks) and represents 63% of the 12-month average market cap coverage of all listed companies on the Hong Kong Stock Exchange. The subsidiary Hang Seng Index Co., Ltd. is responsible for the calculation and quarterly review, and announces the adjustment of constituents.
Hang Seng Index
- CI (Current Index): current index
- YCI (Yesterday's Closing Index): Last Day Closing Index
- P (t): present
- The Hang Seng Index is a stock index of the Hong Kong Stock Exchange. It opens with the opening of the Hong Kong Stock Exchange. The daily opening time of the Hong Kong Stock Exchange is fixed. The original trading hours were 10: 00-12: 30, and 14: 30-16: 00. Since March 7, 2011, the trading hours of the Hang Seng Index will be connected to the mainland in stages. The first stage will open the morning market time to 9:15, and the market will be closed for 1 hour at 12:00. The trade started and closed at 16:15. The evening trading started at 17:15, and the entire market was closed at 23:45.
- The latest trading time is 9: 15-12: 00, 13: 00-16: 30, 17: 15-23: 45.
Introduction to Hang Seng Index
- The constituent stocks of the Hang Seng Index have broad market representation, and their total market value accounts for about 90% of the total market capitalization of the Hong Kong Stock Exchange. In order to further reflect the price trends of various types of stocks in the market, the Hang Seng Index began to publish four sub-indices in 1985, including 33 constituent stocks in four sub-indices of industry and commerce, finance, real estate and public utilities.
Hang Seng Index Selection Principles
- The selection principles of the Hang Seng Index constituent stocks are as follows.
- (1) Select according to the market value of stocks, which must belong to the listed stocks that account for 90% of the total market value of all listed ordinary shares of the Stock Exchange (the market value refers to the average of the past 12 months).
- (2) Select according to the size of the turnover, which must belong to the list of stocks that account for 90% of the turnover of all ordinary shares listed on the Stock Exchange (the turnover refers to the total turnover in the past 24 months).
- (3) Must be listed on the Stock Exchange for more than 24 months.
- Hang Seng Index
- After the initial selection of qualified stocks according to the above criteria, the sample stocks are finally selected according to the following criteria:
- (1) Ranking of the company's market value and turnover.
- (2) The proportions of the four sub-indices in the Hang Seng Index need to reflect the market situation in general.
- (3) The company has a huge business in Hong Kong.
- (4) The financial status of the company.
Hang Seng Index Stock Selection
- The constituent stocks of the Hang Seng Index must be listed on the Main Board and listed in Hong Kong. If it is a state-owned enterprise stock, it only needs to meet one of the following points.
- Hang Seng Index
- The H-share company needs to complete the share reform and has no non-tradable share capital.
- · Newly listed H-share companies do not have unlisted equity.
- · Must be listed in the first 90% of the total market value of all ordinary shares (except H shares) listed on the Stock Exchange (the market value refers to the average over the past year);
- Must be listed in the top 90% of the turnover of all ordinary shares (except H shares) listed on the Stock Exchange (the turnover refers to the evaluation of each of the total transactions in the past two years divided into eight quarters); or Large stocks that have been listed on the Exchange for two years or meet the relevant listing requirements for less than two years are included in the Hang Seng Index guidelines.
Hang Seng Index New Shares
- Hang Seng Service Co., Ltd. announced on June 30, 2006 that the number of constituents will be increased from 33 to 38 (including 33 non-H shares and 5 H shares), and announced on February 9, 2007 The number of H shares and non-H shares will not be fixed at the holding level. [3]
Large-cap stocks listed less than two years ago included in Hang Seng Index Guidelines Average market capitalization of large-cap stocks when reviewing the index Minimum time to market - Fifth or more
- 3 months
- Sixth to fifteen
- 6 months
- Sixteenth to twentieth
- 12 months
- Twenty-first to twenty-five
- 18 months
- Below twenty-five
- 24 months
- After the selection is qualified, the final selection will be accepted according to the following three criteria:
- · Ranking of the company's market value and turnover;
- Whether the proportion of different industries in the Hang Seng Index can reflect the distribution of the stock market;
- · The company's financial situation.
- If any index constituent stock of the Hang Seng Index is suspended for one month, the constituent stock will be removed from the index. In very special circumstances, for example, the constituent stock is considered to be very likely to resume trading within a short period of time before it may be retained in the index. [4]
- HSI constituent stocks (with code) (as of April 9, 2015)
- [5] Index and constituent stocks-Hong Kong Index constituent stocks Hang Seng Index.
Code name 00001.HK Changhe 00002.HK CLP Holdings 00003.HK Hong Kong and China Gas 00004.HK Wharf Group 00005.HK HSBC Holdings 00006.HK Power Industry 00011.HK Hang Seng Bank 00012.HK Henderson Land 00013.HK Hutchison Whampoa 00016.HK Sun Hung Kai Properties 00017.HK New World Development 00019.HK Swire Pacific 00023.HK Bank of East Asia 00027.HK Galaxy Entertainment 00066.HK MTR Corporation 00083.HK Sino Land 00101.HK Hang Lung Properties 00135.HK Kunlun Energy 00144.HK China Merchants International 00151.HK China Want Want 00267.HK CITIC 00291.HK China Resources Ventures 00293.HK Cathay Pacific 00322.HK Master Kong Holdings 00386.HK China Petroleum & Chemical Corporation 00388.HK Hong Kong Stock Exchange 00494.HK Li & Fung 00688.HK China Overseas Development 00700.HK Tencent Holdings 00762.HK China Unicom 00823.HK The Link Real Estate Fund 00836.HK China Resources Power 00857.HK China National Petroleum Corporation 00883.HK China National Offshore Oil 00939.HK China Construction Bank 00941.HK China Mobile 01044.HK Hengan International 01088.HK China Shenhua 01109.HK China Resources Land 01299.HK AIA 01398.HK ICBC 01880.HK Belle International 01928.HK Sands China Limited 02318.HK Ping An of China 02319.HK Mengniu Dairy 02388.HK BOC Hong Kong 02628.HK China Life Insurance 03328.HK Bank of Communications 03988.HK Bank of China
- Hang Seng
- Hang Seng
- Hang Seng Index uses July 31, 1964 as the base day, the base point is 100 points, and 30 are selected
- Since mid-2003, Hang Seng
- Today's Hang Seng Index calculation formula: