HK Stock Market Move | Xi Yin-W (00625) rebounded over 4%. The company will be quickly included in the Hang Seng Composite Index, but inclusion into the Connect will still require more than half a year of waiting.
Xiyin-W (00625) rebounded over 4%. As of the time of writing, it is up 3.76%, reaching 40.82 Hong Kong dollars, with a transaction volume of 32.54 million Hong Kong dollars.
SHEIN-W (00625) rebounded over 4%. As of the time of writing, it rose 3.76% to HKD 40.82, with a trading volume of HKD 32.5417 million.
On the news front, the Hang Seng Index Company announced on September 2 that SHEIN meets the criteria for rapid inclusion in the Hang Seng Composite Index and will be officially included in the Hang Seng Composite Index and its classification indices after the market closes on September 14, with effect from September 15. However, because SHEIN-W is a company with a "dual-class share" structure, it will still take about seven months to be included in the Hong Kong Stock Connect.
China Securities Co., Ltd. released a research report stating that SHEIN is a leading online fashion retail platform globally. Since its establishment in 2008, it has gradually transformed from a cross-border wedding dress self-operation to a comprehensive retailer covering more than 16 countries and regions with a "self-operated brand + third-party platform" model, ranking third in the global fashion market with a 1.9% market share by 2025. The company has established an unparalleled supply chain barrier through its core capability of small batches and quick response, and it is currently in a critical period of transitioning its business model and switching regional growth momentum, with a clear long-term growth path.
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