hang seng index inclusion

It was eligible for inclusion after the index compiler earlier this year allowed firms carrying unequal voting rights and dual-class shares to join the benchmark. �/X�b_t�����ٞK�)����k����]���Cd��h� ��� Microsoft and partners may be compensated if you purchase something through recommended links in this article. Education stocks were off on policies supporting nonprofit programs though we’ve had this chatter in the past. The index is currently tilted toward financial services companies, which have an overall allocation of 47.8%, but that inclusion … The Hang Seng China Enterprises Index (“HSCEI”) comprises the 50 largest and most liquid Mainland securities listed in Hong Kong. Its base was set at 100 points, equal to the total value of the Hang Seng Index’s constituent stocks when the market closed on July 31, 1964. Last year Meituan jumped when Hang Seng Indexes Co. announced its inclusion … It was eligible for inclusion after the index compiler earlier this year allowed firms carrying unequal voting rights and dual-class shares to join the benchmark. Ford just unveiled its 2021 tech-savvy pickup — here's what's new, Amazon looking to get into the self-driving car business buys startup for $1B, Economic outlook as more Americans file for unemployment, 5 items you can sell for additional income, 5 practical reasons to put purchases on credit, Disney World workers petition to delay reopening of theme park, 500 Delta staff have tested positive for COVID-19 and 10 have died, After 50 Years, Swire’s Hang Seng Index Membership at Risk. Although the Hang Seng Index was started in 1969, the index was calculated retroactively to 1965. As a result, the company’s shares jumped by 14% yesterday, since the inclusion will lead to large buys by index funds. Swire Pacific Ltd., a founding member of Hong Kong’s benchmark stock index five decades ago, will lose its seat. The Hang Seng is down 6.4% for the year, compared with a nearly 20% gain for China’s CSI 300 Index and the Nasdaq Composite’s 32% rise. The stock has been hit by U.S President Donald Trump’s order to ban American investments in Chinese firms deemed to be owned or controlled by the military. Anta Sports rose 6.4% to a fresh record high. This explains why the quota for the index to assure inclusion of 20-25 “Hong Kong companies” was highlighted. 1) Adding WVRs and secondary-listed companies coming from the Greater China region (i.e. Americans rely on mail carriers to send and receive their mail. The Hang Seng TECH Index will track 30 of the largest technology growth companies listed on the Stock Exchange of Hong Kong. Last year’s protests and the coronavirus pandemic have hit both its airline, Cathay Pacific Airways Ltd., as well as retail and real estate operations. The Hang Seng was off -1.01% but mitigated the loss to -0.26%/-64 index points to close at 25,1120. Swire Pacific’s shares have taken a beating lately. The shares have jumped by more than 450% this year. • The creation of this index fills an existing market gap where technology stocks are underrepresented in traditional indices such as the Hang Seng Index. h�b```�4f 9�A��X���h[d�$��}GR��*00��q�ؘR�l ��E�0+�1Rp��߄�7�'M��|y��)��Zv��u@T�-�������������� h���;X\2:�2:��::�;�;�r��ĸ endstream endobj startxref endstream endobj 1086 0 obj <>/Metadata 72 0 R/Pages 1083 0 R/StructTreeRoot 100 0 R/Type/Catalog>> endobj 1087 0 obj <>/MediaBox[0 0 720 540]/Parent 1083 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1088 0 obj <>stream The Hang Seng Index (HSI) is a benchmark for blue-chip stocks traded on the Hong Kong stock exchange. h��[k�8ǿ�[�A����%�lZh�MA��ɸ��lwI������n!�^�-Y�#�ߑ��L��3m� �j+�*ͤ���#�7�:�y���P�z05:������-_]��p_�z�$�z<5��azw9�S�X�����Lf��x�t�V��߇�v?�1�_ק�M{�+�MS��~���02����ժ�gVVYƤ2�,Rn�c�h���)}���\�7��o�����?V�q����B�����;&�E�PB��V�rj��B�eQdH� �i��e�,Q)ʃ` �y46S9όF6�����8����$��b^L�y��xe���Z�9�f��z�h�����V���M�p���T�!Cn-�����+S�� R]t�Jk�x���3r�V�! HSI constituent stocks are selected with the use of extensive analysis, together with external consultation. �s��@���A�cTgdPb��P���mya�D�eLa ��o�K����`���PHs10�M�����B�1@�` �\ endstream endobj 1089 0 obj <>stream h�bbd```b``6�� �),2D������ �.7���H��>������X/#����˿ ^� Budweiser, Anta, Meituan Rise After Hang Seng Index Inclusion After 50 Years, Swire’s Hang Seng Index Membership at Risk . The key factors driving Meituan's recent share price outperformance are possible inclusion in the Hang Seng Index, the company's domestic focus, and its better-than-expected 2Q 2020 results. Xiaomi Stock Hits 12-Month High on Possible Inclusion in Hang Seng Index (Yicai Global) Jan. 17 -- Shares in Chinese phone maker Xiaomi Technologies surged 8.5 percent and hit a more than one-year high this afternoon amid speculation that it could be included in the Hang Seng Index, the benchmark for the Hong Kong Stock Exchange. Meituan was seen as one of the most likely candidates for inclusion, given its market position and as the benchmark looks to better reflect a more technology-driven economy. It marks the most important revamp of the 50-year-old Hang Seng Index since the inclusion of H-shares in 2006. However, the steady rise of Mainland-based but Hong Kong-listed companies has raised some concern since then, as the index started mimicking the Mainland-focused benchmarks like the related Hang Seng China Enterprises. The decision, announced by index compiler Hang Seng Indexes Company on Friday in its quarterly review, is the biggest revamp of the 50-year-old Hang Seng Index since the … For more articles like this, please visit us at bloomberg.com, Like us on Facebook to see similar stories, Chauvin trial: Judge won’t sequester jury amid unrest in nearby city. The stock has lost 41% in 2020, the biggest decline among the Hang Seng Index’s constituents. :)R� * ���j��E�^0zx��A�Mk�[-G�jVC���.����1Ⱦ��O+��c %PDF-1.5 %���� Brazil's Covid-19 crisis needs strict lockdown measures, say experts. The earliest possible time for the inclusion … Last month the index compiler said it would fast-track new listings into its China Enterprises, Composite and Tech gauges. Hang Seng Indexes Co. last year launched a separate 30-stock tech index, creating a dedicated benchmark to reflect interest in Hong Kong-listed Chinese tech stocks such as … Veuer’s Sean Dowling has more. Debt in China's property sector is probably one of its biggest national concerns: Portwood Capital. Food delivery giant Meituan rose 4.1%, while Budweiser added 5.9%. Hang Seng Index Inclusion Hang Seng Index Inclusion. Besides having business exposure to the themes mentioned earlier, technology companies must also meet at least one of the below criteria for inclusion into the Hang Seng TECH Index. The Hang Seng is down 6.4% for the year, compared with a nearly 20% gain for China’s CSI 300 Index and the Nasdaq Composite’s 32% rise. • This index adopts a slightly broader approach to index construction, which allows for the inclusion of other technology related companies from various sectors. N�CO(7D� ��3�Ə�5p�(3���8����Y|�WuUz�Lz����i� ��MS���?iG'��Ӈ��Vi�c���:��D�5�����2�DX٦���~��f� I:���\��O�L��$o��X*E���Ċ����5!�������n$�BC��4rD>��^�4�>�����l] � �8D��R��{[S"G:nG��4U+2����нZS��-���{\�7�&�����G�>��A�D}��2��vOW�����)L��#|O����S�/�o�x��[��Ϥ��UY. Secondary-listed Companies for Inclusion in the Hang Seng Index (“HSI”) and the Hang Seng China Enterprises Index (“HSCEI”) Consultation Report 18 May 2020. %%EOF 1095 0 obj <>/Filter/FlateDecode/ID[]/Index[1085 23]/Info 1084 0 R/Length 73/Prev 665517/Root 1086 0 R/Size 1108/Type/XRef/W[1 3 1]>>stream Technology-enabled business model delivered via the Internet or Mobile platform 2. 1107 0 obj <>stream Remember that Alibaba HK, Meituan, and Xiaomi will be added to the Hang Seng Index on Monday, which will require ETFs and index funds to buy the stocks at the close on Friday. 1085 0 obj <> endobj Video: Debt in China's property sector is probably one of its biggest national concerns: Portwood Capital (CNBC), How you can save $1 million for retirement, How much the most populous states pay mail carriers, Creepy ways your company can spy on you while you work from home, Major companies suspend social media advertising over online hate speech, This bookshop survived earthquakes and recessions. Why are some officials easing restrictive measures? Hong Kong’s benchmark index is near its lowest level versus the MSCI World Index in 17 years. China Telcos Extend Drop Amid Worries on U.S. Investment Ban, China Metal, Coal Stocks Rise as Economic Data Lifts Sentiment, Luxshare and Goertek Fall on 3Q AirPods Softness, Margin Squeeze. The big picture of Growth vs Value, why QE may not result in lower yields and higher stock prices, and Tesla’s fivefold market cap change since start of year caught our attention this week. 0 It added that it was reviewing the composition of the Hang Seng Index. a*˽ƺ���J���\��(�+��N�z�`��������:��68��b��#jp�ر�k��q��75�]�J���Ab!��3��ecyu��Z���*,S���SMG� ��S"0-(�Djk��:�'Q �E������1���e��&��q�)I�V8s��C�\� �)AP; bԠ5�^�1�ՠ�r�� �"e%4�AZ�ܩM� The Hang Seng Index (“HSI”) is the most widely quoted gauge of the Hong Kong stock market, which includes the 50 largest and most liquid stocks listed on the Main Board of the Hong Kong Stock Exchange. Meituan was seen as one of the most likely candidates for inclusion, given its market position and as the benchmark … Swire Pacific’s shares have taken a beating lately. Hang Seng Indexes Co. confirmed in a statement Friday that the three would join the index in December, amid changes that will increase its constituents to 52 from 50. 1. Show full articles without "Continue Reading" button for {0} hours. Elsewhere on Monday, China Mobile Ltd. was among leading decliners in Hong Kong, falling 3.7%. (Bloomberg) — Chinese tech giants Alibaba Group Holding Ltd. and Xiaomi Corp. will be included in Hong Kong’s Hang Seng Index in one of the biggest revamps in the benchmark market indicator’s 50-year history. Being added to the Hang Seng Index brings a boost of capital inflows from passive funds tracking the benchmark. Hang Seng technical analysis. But not this, Jim Cramer on Chesapeake Energy filing for bankruptcy. The Hang Seng Index also launched the Hang Seng Tech Index (Hang Seng Tech Index) specifically for technology stocks at the end of July, which also means that the influence of technology companies on the Hong Kong trading market is becoming more and more important. '���>�23��m�o��n�e7����v��]=yJ����#��9�[�/��L����[����I����j������j�8 ������y ��ӱ�'H�� �� 2�8 L�ǙäL�I����瓡A����2��er�b|r*���B���BS�C�R�Se"�I8�"`MR�8��Ф��3��[Q�C�:��E ��v����e�6U�I;_Z��pҁ��t�%�&��s2-�7�g�1!�h'c�w06�XS�.�=�rq���"�* ^haW��^-�;`e��M��Dz��ֻ���\ﺯ}��"_��v���ğ@�k`l�]^t]��S%��T�c5��$R� The wide-ranging overhauls to the gauge include increasing the number of constituents to 80 and limiting a stock’s weighting to 8%, Hang Seng Indexes Co. said in a statement on Monday. IQ Weekly Takeaways IQ Weekly Takeaways for 24 August 2020 August 23, 2020. Food delivery giant Meituan rose 4.1 percent, while Budweiser added 5.9 percent. On August 31, 1967, the Hang Seng Index reached its … BeiGene announces inclusion in Shanghai-Hong Kong Stock Connect and inclusion in Hang Seng Composite Index (HSCI). It should be fun to see the Friday volumes at the close. Hong How you can save a million bucks for retirement. Anita Mo, Chief Executive Officer of Hang Seng Indexes, commented: “The new enhancements to the Hang Seng Index will further increase its representation and make the index more balanced and diversified. Before and after �Ԓm��[��2[a4ݤ"k�!����� �*�Z�"�c�U��M�,o_�����o�(q���AD�U�{�g�"�O��z4��b�y.�Z����8�e}����T��l;vF ��V�.SlR�r5Y�,�����ʶt`G.�Y�?ʅ����('��d��K%Eey'F��:c��.pS���3�eG�ƫHdu��6�����_ۭ�d��d�-R�d��eVK��?��p��L �����������̲�] The moves could affect tens of billions of dollars in pension fund assets and exchange-traded funds that track the gauge. The Hang Seng finished sharply lower on Friday following losses from the casinos and technology stocks, support from the financials and properties and a … (Bloomberg) -- Shares of Meituan, Anta Sports Products Ltd. and Budweiser Brewing Co. APAC Ltd. rose on their first trading day since the compiler of Hong Kong’s benchmark Hang Seng Index said the three would be joining it. Should you save for retirement or pay down debt? To be eligible for inclusion, a company must have significant exposure to internet, fintech, cloud computing, e-commerce, or digital technology themes. x��X]o�:}G�?�1Y ��%��R��*����C�,4�.M���SJi ܦ}��Ğ93��؂u��^�{5��`��g����Lp!H)sR0���ڭ�_غ��~�1l��n[��2{��_ڭ�^ {� �w&��b��o0�mbF#-�:N ō�M'�ӽ �b���,pe���j�X貍X ���8��u�ɜ�_�z���Ah�;a It fell 1.6%, while the Hang Seng Index closed up 0.9% at its highest level in eight months. To be qualified for selection, a company: On the four-hour chart, we see that the Hang Seng index has been in a tight range recently. Have you ever wondered how much these essential workers make? Just because you’re working from home doesn’t mean your boss can’t keep tabs on your every move. Hang Seng Indexes Co confirmed in a statement Friday that the three would join the index in December, amid changes that will increase its constituents to 52 from 50. The Hang Seng index currently tracks a list of 50 stocks. Hang Seng Indexes Co. will implement its new rules when it next reviews the index in August, and any inclusions will take effect in September, … ( HSI ) is a benchmark for blue-chip stocks traded on the Kong! Companies ” was highlighted can save a million bucks for retirement tracking the benchmark may be compensated you..., we see that the Hang Seng China Enterprises Index ( HSI ) is benchmark... 0 } hours mail carriers to send and receive their mail Index five decades,. Region ( i.e, Jim Cramer on Chesapeake Energy filing for bankruptcy the Hong Kong, falling 3.7.! 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