Hang Seng Index Company Limited and Hong Kong Exchanges and Clearing Limited (00388) will collaborate to launch the Hang Seng HKEX Greater Bay Area Index on November 21st.

On November 15, Hang Seng Index Company announced a partnership with HKEX (00388) to launch the Hang Seng HKEX Shanghai-Hong Kong Stock Connect China Enterprises Index. The index is set to be launched on November 21, 2024, providing a comprehensive reference benchmark for Chinese companies eligible for cross-border trading. The Hang Seng HKEX Shanghai-Hong Kong Stock Connect China Enterprises Index consists of 80 constituent stocks, including H-share index ETF constituent stocks eligible for Southbound trading and large-cap A-shares eligible for Northbound trading, offering investors a one-stop solution for tracking Chinese companies and building cross-market investment strategies. The index covers industry leaders from both Hong Kong and mainland China, with a balanced distribution of industry weights. As of October 31, 2024, the highest-weighted industry is finance (24%), followed by non-essential consumption, essential consumption, information technology, and industry, accounting for a total of 56% of the index weight. The total market value of the index is close to USD 3.9 trillion, recording a strong growth of 20% in the first ten months of 2024, outperforming the market benchmark by 2.9 percentage points. Alice Wu, CEO of Hang Seng Index Company, said, "I am pleased to announce the launch of the Hang Seng HKEX Shanghai-Hong Kong Stock Connect China Enterprises Index in partnership with HKEX today. This index is an extension of our flagship Hang Seng H-Share Index ETF index, further incorporating large-cap A-shares eligible for cross-border trading, making it a comprehensive Chinese index that helps global investors seize opportunities in China through cross-border connectivity. With the combined strengths of Hang Seng Index Company and HKEX, as well as the growing trading volume of the Stock Connect, the launch of the Hang Seng HKEX Shanghai-Hong Kong Stock Connect China Enterprises Index will further assist Hong Kong in playing the role of a 'super connector' and facilitate the integration of the mainland with international markets." Charles Li, CEO of HKEX, stated, "This year marks the 10th anniversary of the Shanghai-Hong Kong Stock Connect. We are delighted to collaborate with Hang Seng Index Company, combining the expertise of the world's leading exchange group and the leading index provider in the region. The Stock Connect has significantly enhanced the importance and competitiveness of the Hong Kong market. The launch of the Hang Seng HKEX Shanghai-Hong Kong Stock Connect China Enterprises Index demonstrates our commitment to enhancing cross-border connectivity between the mainland and international markets, providing investors with more choices and opportunities, and continuing to develop new businesses. We look forward to working closely with asset managers, issuers, and market participants to develop more new products based on this index, further enriching the ecosystem of the Shanghai-Hong Kong Stock Connect and making the Hong Kong capital market more vibrant."