Hang Seng Indexes Company Limited (Hang Seng Indexes) has launched the Hang Seng Stock Connect Hong Kong Big Bay Area Index, which aims to reflect the performance of Hong Kong-listed companies that mainly operate in the Guangdong-Hong Kong-Macao Big Bay Area (Big Bay Area) and are eligible for southbound trading under the Stock Connect schemes.
Daniel Wong, Director & Head of Research and Analytics at Hang Seng Indexes, says: “The investment theme of the Big Bay Area is of increasing interest among investors. In May this year, we launched the Hang Seng Stock Connect Big Bay Area Composite Index, a cross-market index that can also serve as the basis for developing further indexes on the same theme. The Hang Seng Stock Connect Hong Kong Big Bay Area Index focuses on companies operating in the Big Bay Area that are listed in Hong Kong, providing a valuable investable benchmark for this dynamic segment. We will continue to closely monitor the market and launch indexes that meet the needs of investors.”
The universe of the new index consists of Hong Kong-listed constituents of the Hang Seng Big Bay Area Composite Index. The top 95 per cent of the cumulative full market capitalisation coverage in the universe will be selected as constituents, and the index launched today with 66 constituent companies. The new index is calculated and disseminated in real-time at two-second intervals.