Industrial: The Hang Seng Stock Connect is about to undergo a new round of adjustments, with 48 Hong Kong stock targets possibly being included.

Industrial has released a research report stating that the semi-annual review of the Hang Seng Composite Index as of December 31, 2025 has been completed, and the list of Hong Kong Stock Connect securities is about to undergo a new round of adjustments. The results of this adjustment are expected to be announced on February 20, and will officially take effect from March 9 (Monday). Based on the simulated calculations according to the Hong Kong Stock Connect adjustment rules, Industrial expects that 48 Hong Kong stocks will be included in the Hong Kong Stock Connect scope in this adjustment. As of December 31, 2025, the market value threshold for newly introduced Hong Kong Stock Connect securities has been raised to HK$9 billion. From the perspective of industry distribution, the newly added Hong Kong Stock Connect securities in this round mainly focus on the healthcare industry, information technology industry, and non-essential consumer industry, with the number of securities in these three industries ranking at the top. The key points from Industrial are as follows: The semi-annual review of the Hang Seng Composite Index as of December 31, 2025 has been completed, and the list of Hong Kong Stock Connect securities is about to undergo a new round of adjustments. The results of this adjustment are expected to be announced on February 20, and will officially take effect from March 9 (Monday). Based on the simulated calculations according to the Hong Kong Stock Connect adjustment rules, we expect that 48 Hong Kong stocks will be included in the Hong Kong Stock Connect scope in this adjustment. As of December 31, 2025, the market value threshold for newly added Hong Kong Stock Connect securities has been raised to HK$9 billion. From the perspective of industry distribution, the newly added Hong Kong Stock Connect securities in this round mainly focus on the healthcare industry, information technology industry, and non-essential consumer industry, with the number of securities in these three major industries ranking at the top. The specific distribution is as follows: Healthcare industry (14 companies): INSILICO, 160 HEALTH, AB&B BIO-TECH-B, BAO PHARMA-B, PEGBIO CO-B, GENFLEET-B, XUANZHUBIO-B, CONSUN PHARMA, CARSGEN-B, HAIXI PHARMA, CF PHARMTECH, LEADS BIOLABS-B, FOREST CABIN, ASCLETIS-B Information technology industry (8 companies): DEEPEXI TECH, GEEKPLUS-W, SEYOND, 51WORLD, JST GROUP, XUNCE, NUOBIKAN, ABLE DIGITAL Non-essential consumer industry (8 companies): ONEROBOTICS, QINGSONG HEALTH, PATEO, QUANTGROUP, NEWBORNTOWN, HIPINE, HK&S HOTELS, BUTONG GROUP Industrial sector (7 companies): JD INDUSTRIALS, GUOXIA TECH, CIRRUS, ZHIDA TECH, WASION HOLDINGS, CIDI, TSUGAMI CHINA Financial sector (5 companies): HASHKEY HLDGS, BRIGHT SMART, HUISHANG BANK, OSL GROUP, NANHUA FUTURES Raw materials sector (3 companies): CHUANGXIN IND, JIAXIN INTL RES, LINGBAO GOLD Essential consumer sector (1 company): SOFTCARE Telecommunications sector (1 company): WELLCELL HOLD Diversified sector (1 company): CTF SERVICES