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Much have been written about Hang Seng Tech Index. I did some digging and is now sharing with you my findings. The Hang Seng Tech Index rose 3.51%, beating the broader Hang Seng index that traded up 0.69%. The Index is reviewed quarterly and has an IPO fast entry rule which allows for qualified IPOs to be included in the Index shortly after listing. Hang Seng Tech Index – Nasdaq of the East. The Hang Seng TECH Index is published and compiled by HSIL pursuant to a licence from Hang Seng Data Services Limited (“HSDS”). The mark and name “Hang Seng TECH Index” is proprietary to HSDS. According to back-testing data, it has increased by 36% in 2019 and 60% in the first 10 months of 2020. Currency in HKD Methodology. Hang Seng TECH Index Hang Seng Index The Hang Seng Index (HSI) is a freefloat-adjusted market-capitalization-weighted stock-market index in Hong Kong.It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. 19 Feb 2021 06 Sep 2020 by Trader. CSOP Hang Seng TECH Index ETF (3033.HK) Add to watchlist. But I could not find any blogger clearly explain the methodology, and ETF(s) that tracks it. Hang Seng TECH Index * 8,305.93 ... ( ) Except for Hang Seng Index and GEM Index, each turnover of HK indices is computed by summing up turnovers of corresponding constituents. 10 Source: Hang Seng Indexes Limited, Bloomberg, calculated in total return (with dividend reinvested), performance from 31 December 2014 (index base date) to 31 July 2020. HKSE - HKSE Delayed Price. Hang Seng Indexes Company will launch the Hang Seng TECH Index on July 27, tracking the 30 largest technology companies listed in Hong Kong that pass the three layers screening criteria. All information for an index prior to its launch date is back-tested, back-tested performance reflects hypothetical historical performance. The Hang Seng TECH Index (“the Index”) was launched on 27 July 2020 and tracks the 30 largest technology companies listed in Hong Kong. Hang Seng Tech Index is made up of 30 stocks that were chosen from 163 tech companies listed in SEHK. The Hang Seng TECH Index has exhibited annualized volatility of 37.1%, notably higher than other widely followed Chinese benchmarks such as the regular Hang Seng Index (23.3%) and Hang Seng China Enterprises Index (23.8%). Hang Seng Tech Index is a new home to Chinese tech companies and has the potential be a NASDAQ equivalent in the east. These 50 constituent companies represent about 58% of the capitalisation of the Hong Kong Stock Exchange. This is a testament of tech’s increasing clout and a further proof of a digital iron curtain between US and China. As of 17 July 2020, the Hang Seng TECH Index had a price-to-earnings (P/E) ratio of 45x while the Hang Seng Composite Index’s P/E ratio stood at just 12x. The tech index was launched on Monday and tracks the 30 largest technology … The weighting of each stock in the Index is capped at 8% during rebalancing. Launched on 27 July 2020, the Hang Seng TECH Index tracks the 30 largest TECH-themed companies listed in Hong Kong. Source: Hang Seng Indexes Investors should be comfortable paying a higher-than-normal valuation to invest in the fast-growing Chinese tech … Written about Hang Seng Tech Index tracks the 30 largest TECH-themed companies listed in SEHK HSDS... Is a new home to Chinese Tech companies listed in Hong Kong and is now sharing with my... 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