Hang Seng Indexes Company has launched three indexes specifically designed for the southbound trading link of the Stock Connect Scheme.
The indexes are the Hang Seng SCHK HK Companies Index, the Hang Seng SCHK Mainland China Companies Index and the Hang Seng SCHK ex-AH Companies Index.
The universe of the three new indexes covers investable stocks under the southbound trading link of the Stock Connect Scheme. The firm writes that additional screenings are adopted to enhance tradability, making these indexes investable references for investors and product issuers in mainland China.
The first two indexes offer investors references for the performance of Hong Kong-listed companies with different geographical business focuses, while the Hang Seng SCHK ex-AH Companies Index tracks companies only listed in Hong Kong, providing relevant benchmarks for southbound trading investors in the Mainland.
Since last year, Hang Seng Indexes has enriched the range of Stock Connect Hong Kong indexes by launching various indexes that cluster eligible stocks by size, geographical focus and theme. Vincent Kwan, Director & General Manager of Hang Seng Indexes Company Limited, says: “Amid the dynamic cross-market activities between the stock exchanges in Hong Kong, Shanghai and Shenzhen, the launch of these three new indexes is another step to enrich our SCHK index range. Hang Seng Indexes will continue developing new indexes to provide investors with a diverse range of referencing benchmarks.”