The Hang Seng Index (abbreviated: HSI, Chinese: 恒生指數) 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. These 40 companies represent about 65% of capitalization of the Hong Kong Stock Exchange. A comparison of three major stock indices: the NASDAQ Composite, Dow Jones Industrial Average, and S&P 500. ...

HSI was started on November 24, 1969, and is currently compiled and maintained by HSI Services Limited, which is a wholly owned subsidiary of Hang Seng Bank, the largest bank registered and listed in Hong Kong in terms of market capitalisation. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as Hang Seng China AH Index Series, Hang Seng China Enterprises Index, Hang Seng China H-Financials Index, Hang Seng Composite Index Series, Hang Seng Freefloat Index Series and Hang Seng Total Return Index Series. is the 328th day of the year (329th in leap years) in the Gregorian calendar. ... Also: 1969 (Stargate SG-1) episode. ... Hang Seng Bank Limited(恒生銀行有限公司) HKEx: 0011 or Hang Seng Bank (恒生銀行) is the second largest bank in Hong Kong. ...

Statistics

When the Hang Seng Index was first published, its base of 100 points was set equivalent to the stocks' total value as of the market close on July 31, 1964. Its all-time low is 58.61 points, reached retroactively on August 31, 1967, after the base value was established but before the publication of the index. The Hang Seng passed the 10,000 point milestone for the first time in its history on December 10, 1993 and, 13 years later, passed the 20,000 point milestone on December 28, 2006. Its all-time highs, set on September 19, 2007, are 25,648.44 points in trading and 25,554.64 points at the close. is the 212th day of the year (213th in leap years) in the Gregorian calendar. ... Also Nintendo emulator: 1964 (emulator). ... is the 243rd day of the year (244th in leap years) in the Gregorian calendar. ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ... December 10 is the 344th day (345th in leap years) of the year in the Gregorian calendar, 21 days before the next year. ... Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ... is the 362nd day of the year (363rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 262nd day of the year (263rd in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...

Components

On January 2, 1985, four sub-indexes were established in order to make the index clearer and to classify constituent stocks into four distinct sectors. There are totally 40 Hang Seng Index Constituent Stocks since 10 September 2007 and they are namely: is the 2nd day of the year in the Gregorian calendar. ... This article is about the year. ...

Hang Seng Finance Sub-index

• 0005 HSBC Holdings plc
• 0011 Hang Seng Bank Ltd
• 0023 Bank of East Asia, Ltd
• 0388 HKEx Limited
• 0939 China Construction Bank
• 1398 Industrial and Commercial Bank of China
• 2318 Ping An Insurance
• 2388 BOC Hong Kong (Holdings) Ltd
• 2628 China Life
• 3328 Bank of Communications Ltd
• 3988 Bank of China Ltd

Hang Seng Utilities Sub-index HSBC logo HSBC Holdings PLC (NYSE: HBC), (LSE: HSBA) , (HKSE: 005) , (Euronext: HSBC) , is one of the largest banking groups in the world. ... Hang Seng Bank Limited(恆生銀行有限公司, HKSE:0011) is Hong Kongs second largest bank, and a subsidiary of HSBC. It is also a part of Hang Seng Index. ... The Bank of East Asia (Traditional Chinese: 東亞銀行) (HKSE: 0023) often abbreviated to BEA, is the largest independent chinese bank in Hong Kong. ... Hong Kong Exchanges and Clearing Limited (HKEx) is the holding company for: Hong Kong Stock Exchange Limited (SEHK), Hong Kong Futures Exchange Limited (HKFE), and Hong Kong Securities Clearing Company Limited. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... Industrial and Commercial Bank of China (ICBC) (Simplified Chinese: ; Traditional Chinese: ; Pinyin: , more commonly just 工行 Gōngháng) is the largest of Chinas Big Four state-owned commercial banks, the other 3 banks being the Bank of China, Agricultural Bank of China, and China Construction Bank, and one of... Ping An Insurance is Chinas second-largest life insurance company. ... BOC Tower at night Bank of China (Hong Kong) Limited (BOCHK) (HKSE: 2388) is the second largest commercial banking group in Hong Kong in terms of assets and customer deposits, with more than 300 branches in Hong Kong. ... The China Life Insurance Company Limited SEHK: 2628, NYSE: LFC, 601628. ... Bank of Communications HKEx: 3328 (Simplified Chinese: 交通银行, traditional Chinese: 交通銀行) Founded in 1908 (the 34th year of the Guangxu reign period, Qing Dynasty), the Bank of Communications emerged as one of the first few major national and note-issuing banks in China in the early days, and was chartered as the... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: ; Traditional Chinese: ; pinyin: ; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ...

• 0002 CLP Holdings Ltd
• 0003 Hong Kong and China Gas Company Limited
• 0006 Hong Kong Electric Holdings Ltd

Hang Seng Properties Sub-index CLP Holdings (Traditional Chinese: ) SEHK: 0002 is the only company providing electricity to Kowloon and the New Territories (except Lamma) in Hong Kong. ... The gasometer of the company at Ma Tau Kok. ... Hongkong Electric (Traditional Chinese: 香港電燈; SEHK: 0006) is a vertically integrated electricity utility company in Hong Kong. ...

• 0001 Cheung Kong (Holdings) Ltd
• 0012 Henderson Land Development Co. Ltd
• 0016 Sun Hung Kai Properties Ltd
• 0083 Sino Land Co Ltd
• 0101 Hang Lung Properties Ltd

Hang Seng Commerce & Industry Sub-index Cheung Kong Holdings is a large conglomerate headquartered in Hong Kong, consisting of five companies that are listed on the Hong Kong Stock Exchange. ... Henderson Land Development Co. ... Sun Hung Kai & Company (新鴻基) is a diversifed corporation based in Hong Kong and has operations in Greater China. ... Sino Group HKEx: 0083 is a property development corporation based in Hong Kong and operations in Greater China. ...

• 0004 Wharf (Holdings) Ltd
• 0008 PCCW Ltd
• 0013 Hutchison Whampoa Ltd
• 0017 New World Development Co. Ltd.
• 0019 Swire Pacific Ltd 'A'
• 0066 MTR Corporation Ltd
• 0144 China Merchants Holdings (International) Co Ltd
• 0267 CITIC Pacific Ltd
• 0291 China Resources Enterprise, Ltd
• 0293 Cathay Pacific Airways Ltd
• 0330 Esprit Holdings Ltd
• 0386 Sinopec Corp
• 0494 Li & Fung Ltd
• 0551 Yue Yuen Industrial (Holdings) Ltd
• 0762 China Unicom Ltd
• 0883 CNOOC Ltd
• 0906 China Netcom Group Corporation (Hong Kong) Ltd
• 0941 China Mobile (Hong Kong) Ltd
• 1038 Cheung Kong Infrastructure Holdings Ltd
• 1199 COSCO Pacific Ltd
• 2038 Foxconn International Holdings Ltd

In the future, the number of constituent stocks will be increased to 50 in order to reflect the changes in the Hong Kong stock market and to maintain the index as the most representative market benchmark. The Wharf (Holdings) Limited (九龍倉集團), or Wharf in short, (HKSE: 0004) is a company founded in 1886 in Hong Kong. ... PCCW Limited (PCCW, Traditional Chinese: ) is the largest telecommunication enterprise in Hong Kong. ... Hutchison Whampoa Limited (HWL, 和記黃埔有限公司), (HKSE: 0013) , of Hong Kong, is one of the largest companies listed on the Hong Kong Stock Exchange. ... Based out of Hong Kong, the New World Development Company Limited is active in property, infrastructure, services and telecommunications. ... The Swire Group is a transnational corporation headquartered in London, England. ... This article is about the metro system operator. ... China Merchants Holdings (International) Company Limited is a major conglomerate involved in the manufature of paint, containers and shipping business. ... China International Trust Investment Company (CITIC) is a state_owned investment company of the Peoples Republic of China, established by Rong Yiren in 1979 with the approval from Deng Xiaoping. ... China Resources (Chinese: 華潤) is a group of companies in wide variety of business in Hong Kong and mainland China. ... Cathay Pacific Airways Limited (國泰航空有限公司 Pinyin (in Mandarin Chinese):Guótài Hángkōng Yŏuxiàn Gōngsī, abbreviated 國泰) is an Asian commercial airline based in Hong Kong. ... Esprit Holdings Limited HKSE: 330 LSE: EPT_LI is a publicly owned manufacturer of apparel, footwear, accessories, jewellery, and housewares, under the ESPRIT label. ... Sinopec, the China Petroleum and Chemical Corporation (Chinese: 中国石化, HKEX: 386; NYSE: SNP; LSE: SNP), is one of the major petroleum companies in China. ... Li & Fung (Trading) Limited is a premier global trading group managing the supply chain for high-volume, time-sensitive consumer goods. ... China Unicom (中国联通), full name China United Telecommunications Corporation (中国联合通信有限公司) SEHK: 0762 NYSE: CHU, is a state-owned telecommunication operator in the Peoples Republic of China. ... China National Offshore Oil Corporation (CNOOC) HKEx: 0883 (中国海洋石油总公司) is the third-largest National Oil Company(NOC) in the Peoples Republic of China next to CNPC, Sinopec. ... China Netcom, full name China Netcom Corporation Limited (CNC), was originally formed in August 1999 to build high speed Internet communications in China. ... China Mobile Communications Corporation (中国移动通信 Zhongguo Yidong Tongxin), also known as China Mobile or CMCC, is Chinas and the worlds largest mobile phone operator, with over 130 million customers as of 2003. ... Cheung Kong Holdings is a large conglomerate headquartered in Hong Kong, consisting of five companies that are listed on the Hong Kong Stock Exchange. ... China Ocean Shipping (Group) Company (abbreviated as COSCO) is one of the largest liner shipping companies serving companies all over the world. ... Foxconn (富士康) is the trade name of the Taiwanese firm Hon Hai Precision Industry Co. ...

The Hang Seng Composite Index Series (恒生綜合指數) was launched on October 3, 2001, targeting on providing a broad standard of the performance of the Hong Kong stock market. Comprising the top 200 listed companies in terms of market capitalisation, it is composed of the geographical series and the industry series. The market capitalization of these companies accounts for about 97% of the total capitalization of the stocks in Hong Kong. To ensure fairness in its activities, the HSI Services established the Independent Advisory Committee to give advice on issues pertaining to the indexes. The Committee keeps reviewing the constituent stocks of HSI on a quarterly basis. Usual changes are expected. The Hang Seng Composite Index Series include the following: Hang Seng Hong Kong Composite Index (恒生香港綜合指數) Hang Seng HK LargeCap Index (恒生香港大型股指數) Hang Seng HK MidCap Index (恒生香港中型股&#25351...

Hang Seng Industry Classification System

Hang Seng Industry Classification System (formerly called Hang Seng Stock Classification System) is a comprehensive system designed for the Hong Kong stock market by HSI Services Limited. It reflects the stock performance in different sectors. It caters for the unique characteristics of the Hong Kong stock market and maintains the international compatibility with a mapping to international industry classification systems.

General Classification Guidelines:

i) The sales revenue arising from each business area of a company is the primary parameter of stock classification, and the net profit will also be taken into consideration to determine whether that company's business runs well. Net profit is an accounting term which is commonly used in business. ...

ii) A company will be classified into different sectors according to its majority source of sales revenue.

iii) Re-classification of a stock's Industry Sector will occur once the company's business has undergone a major change, such as, substantial merger or acquisition. The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... Look up acquisition in Wiktionary, the free dictionary. ...

Industry Sectors:

• Energy (能源業)
• Materials (源材料業)
• Industrial Goods (工業製品業)
• Consumer Goods (消費品製造業)
• Services (服務業)
• Telecommunications (電訊業)
• Utilities (公共事業)
• Financials (金融業)
• Properties & Construction (地產建築業)
• Information Technology (資訊科技業)
• Conglomerates (綜合企業)

Source of Information

The classification of each stock is based on the information available to the public, for examples the annual reports and company announcements.

Selection Criteria for the HSI Constituent Stocks

HSI constituent stocks are selected with the use of extensive analysis, together with external consultation. To be qualified for selection, a company:

• must be among those that comprise top 90% of the total market value of all ordinary shares;
• must be among those that comprise top 90% of the total turnover on the Stock Exchange of Hong Kong Limited "SEHK" (香港交易所);
• should have a listing history of 24 months or meet the requirements of the following Guidelines:

Guidelines for Handling Large-cap Stocks Listed for Less than 24 Months

For a newly listed large-cap stock, the minimum listing time required for inclusion in the stock universe for the HSI review is as follows:

Among the eligible candidates, final selections are based on their:

• market capitalisation and turnover rankings;
• representation of the respective sub-sectors within HSI; and
• financial performance.

Calculation Formula for HSI

The current Hang Seng Index is calculated from this formula:

Descriptions on parameters:

• P(t)：Current Price at Day t
• P(t-1)：Closing Price at Day (t-1)
• IS：Issued Shares
• FAF：Freefloat-adjusted Factor, which is between 0 and 1, adjusted every six months
• CF：Cap Factor, which is between 0 and 1, adjusted every six months

Daily Reports for HSI

Investors in Asian markets monitor the following reports for investment activities:

• Hang Seng Indexes Daily Bulletin
• Hang Seng Index (HSI) Constituent Stocks Performance
• Index Performance Summary
• Total Return Index Series Daily Bulletin

Representativeness of the HSI

The representativeness of the HSI can be studied by its turnover of the whole stock market and by how much its market capitalisation covers. The aggregate market value of the HSI constituent stocks is maintained at approximately 70% of the total market value. This coverage ratio is a positive sign when compared with major overseas stock indices.

Other related Hang Seng stock indexes

• Hang Seng China AH Index Series (恒生AH指數系列)
• Hang Seng China Enterprises Index (恒生中國企業指數)
• Hang Seng China H-Financials Index (恒生中國H股金融行業指數)
• Hang Seng Composite Index Series (恒生綜合指數系列)
• Hang Seng Freefloat Index Series (恒指流通指數系列)
• Hang Seng Total Return Index Series (恒生股息累計指數系列)
• Hang Seng Composite Industry Indexes (恒生綜合行業指數)

The Hang Seng Composite Index Series include the following: Hang Seng Hong Kong Composite Index (恒生香港綜合指數) Hang Seng HK LargeCap Index (恒生香港大型股指數) Hang Seng HK MidCap Index (恒生香港中型股&#25351... Hang Seng Freefloat Prime Series was introduced by HSI Services Limited on 20 January 2003. ... Hang Seng Composite Industry Indexes include: Oil & Resources (資源礦產業) Industrial Goods (工業製品業) Consumer Goods (消費品製造業) and Services (服務業) Utilities (公用事業) Financials (金融業) Properties & Construction (地產建築業) Information...

External links

• HSI Services Ltd. - Company website
• Constituent stocks of the HSI - Link to the websites of constituent companies of HSI
• Changes in the constituent stocks of the HSI
• HKEx - Hong Kong Exchanges and Clearing Limited (HKEx)
• HKMA - Hong Kong Monetary Authority
• FSB - Financial Services Bureau
• Quotes of Hang Seng Index - Quotes of Hang Seng Index
• Realtime HK stock quotes - Realtime HK stock quotes
• Hongkong: Hang Seng Index - Hongkong: Hang Seng Index