Financial News
Written by: Lin Leqian
2020-07-20 16:43
Last update date: 2020-07-20 16:44The Hang Seng Index Company announced that next Monday (27th) it will launch a technology index known as the "Hong Kong Version Na Index", which will track the largest 30 technology companies listed in Hong Kong after screening. The stock selection category mainly covers highly relevant technology topics Of Hong Kong listed companies, including Internet, financial technology, cloud, e-commerce and digital businesses.
The index stock selection criteria will also consider whether eligible companies use technology platforms for operations, the proportion of research and development expenses to revenue, and revenue growth. After the above screening, the 30 stocks with the largest market capitalization will be included as constituent stocks of the index.
According to the data calculated by the back-test, the Hang Seng Technology Index returns as high as 36.2% and 35.3% for the full year of 2019 and the first half of 2020, respectively. The constituent stocks of the Hang Seng Technology Index are reviewed quarterly, and there is a rapid inclusion mechanism to allow newly listed large technology companies to be included in the index more timely. The new index is calculated every two seconds and released in real time.
Wu Wanwen, Deputy Chief Executive Officer of Hang Seng Index Company, said that the index aims to reflect the performance of the most representative technology companies and to assist the market in developing different index-linked products, including funds and derivatives. I believe this new index is expected to become a successor to the Hang Seng Index and the Hang Seng Index. Another flagship index after the Chinese Enterprise Index.
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The 10 major constituent stocks included in the index include Alibaba (9988), Tencent Holdings (0700), Meituan Dianping (3690), Xiaomi Group (1810), Sunny Optical Technology (2382), SMIC (0981), Alibaba Health (0981), JD (9618), Kingdee International (0268), Ping An Good Doctor (1833), accounting for about 65.8% of the technology index.
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Hang Seng Index