Hong Kong's Hang Seng Index takes first steps in biggest-ever overhaul

BLOOMBERG2021-05-21

HONG KONG (BLOOMBERG) - A wide-ranging overhaul of Hong Kong's equity benchmark is set to begin Friday (May 21), marking the first step to diversify the financials-heavy index.The quarterly review is ...

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Comments

Moonwalker
2021-05-21
Moonwalker
Please comment below
- nana99:
  Comment back Please
The_scalper
2021-05-21
The_scalper
SGX has a lot of catching up to do. For a financial city state, the stock market is lagging others.
- LuluDog:
  Sgx lack local Companies to list. Good one will go usa.
Gooooooooood
2021-05-21
Gooooooooood
tencent shares down
mummumtumtum
2021-05-21
mummumtumtum
Massive change, must wait for dust to settle to see the full effects
大时代的刘青云
2021-05-21
大时代的刘青云
Flatten the curve
Kok
2021-05-21
Kok
Pls like n comment. Tks!
- Kok:
  sure
- nana99:
  Comment back please

Leave a comment

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Analysts expect the first batch of new HSI constituents will be selected from industries that are currently under-represented, such as consumer and healthcare sectors.\"Balancing the weight of different industries could be a key priority in Hang Seng's early moves in the reshuffle,\" said CGS-CIMB analyst Chi Man Wong.But \"it's unlikely for them to add technology stocks in the first round, as the tech sector already has a relatively big weight in the index.\"About US$16 billion (S$21.3 billion) worth of exchange traded funds track the HSI, according to data compiled by Bloomberg. The changes to be announced on Friday will take effect from the market open on June 7.NEW JOINERSHang Seng is expected to add five stocks every quarter through mid-2022 in order to reduce market volatility, said CCB International Securities head of strategy Cliff Zhao. Companies likely to be added include JD Health International, a recently-listed drug store operator, and Chinese apparel retailer Li Ning, according to analysts at CGS-CIMB, CCB International and UOB Kay Hian (Hong Kong).CICC's picks include some of the biggest companies by market value, including JD.com and NetEase. Analysts including Hanfeng Wang say chances of inclusion are good for China Resources Beer and infant milk powder producer China Feihe.With technology stocks underperforming in the past three months, the addition of names from the sector could become a drag on the gauge.Hong Kong has been one of the worst-performing equity markets globally since its February high, shedding 8.5 per cent while the tech sector has lost 28 per cent.CCB's Zhao says Hang Seng could cut Bank of Communications to lower the weight of Chinese banks. The relatively less-traded AAC Technologies and Hengan International Group could also get removed.Hang Seng is also expected to lower the maximum weighting for a single stock to 8 per cent from 10 per cent. That means the index's current biggest members - AIA, Tencent and HSBC, all of which have a weighting of over 8 per cent - will see their influence in the benchmark drop. Analysts say that should occur during this rebalancing.About HK$2.85 billion worth of passive funds is expected to flow out of Tencent, and around the same from AIA, according to calculations by CGS-CIMB.Alibaba Group might see its weight rise to 8 per cent from the current 5 per cent, attracting about HK$4.6 billion (S$789 million) worth of inflows, while Chinese delivery giant Meituan could also see its weight boosted to nearly 8 per cent, according to CGS-CIMB.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":139317717,"gmtCreate":1621592148539,"gmtModify":1704360196089,"author":{"id":"3578144431053530","authorId":"3578144431053530","name":"Moonwalker","avatar":"https://static.tigerbbs.com/09c444fbe99e3975f4bc242d4d531918","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":2,"crmLevelSwitch":1},"htmlText":"Please comment below&nbsp;","listText":"Please comment below&nbsp;","text":"Please comment below","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/139317717","repostId":2137972546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4402745,"gmtCreate":1621599024481,"gmtModify":1680790138480,"authorId":3578649684330150,"author":{"id":3578649684330150,"authorId":3578649684330150,"name":"nana99","avatar":"https://static.tigerbbs.com/8e1d85c2911a74d975df652e54cba9a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":139317717,"type":1,"supId":0,"prevId":0,"content":"Comment back Please ","text":"Comment back Please ","html":"Comment back Please "}],"langContent":"EN"},{"id":139302634,"gmtCreate":1621589107228,"gmtModify":1704360149869,"author":{"id":"3579590433924918","authorId":"3579590433924918","name":"The_scalper","avatar":"https://static.tigerbbs.com/b3fede485fa71d42dc4ea08960ab3e00","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"SGX has a lot of catching up to do. For a &nbsp; &nbsp; &nbsp;&nbsp;financial city state, the stock market is &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;lagging others.&nbsp;","listText":"SGX has a lot of catching up to do. For a &nbsp; &nbsp; &nbsp;&nbsp;financial city state, the stock market is &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;lagging others.&nbsp;","text":"SGX has a lot of catching up to do. For a financial city state, the stock market is lagging others.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/139302634","repostId":2137972546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4402159,"gmtCreate":1621594476689,"gmtModify":1680790113731,"authorId":3581546699205694,"author":{"id":3581546699205694,"authorId":3581546699205694,"name":"LuluDog","avatar":"https://static.tigerbbs.com/3907b71bbdbc645cd47ba9a5e5798afe","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":139302634,"type":1,"supId":0,"prevId":0,"content":"Sgx lack local Companies to list. Good one will go usa. ","text":"Sgx lack local Companies to list. Good one will go usa. ","html":"Sgx lack local Companies to list. Good one will go usa. "}],"langContent":"EN"},{"id":139306788,"gmtCreate":1621589083544,"gmtModify":1704360149371,"author":{"id":"3574730598400983","authorId":"3574730598400983","name":"Gooooooooood","avatar":"https://static.tigerbbs.com/15d0691a3e26606a6dfdf2a21318e30c","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"&nbsp;tencent shares&nbsp;down&nbsp;","listText":"&nbsp;tencent shares&nbsp;down&nbsp;","text":"tencent shares down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139306788","repostId":2137972546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":139976421,"gmtCreate":1621588369363,"gmtModify":1704360135419,"author":{"id":"3581079319641993","authorId":"3581079319641993","name":"mummumtumtum","avatar":"https://static.tigerbbs.com/1314a5de0c397dde3e609fa1f0de4fba","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Massive change, must wait for dust to settle to see the full effects","listText":"Massive change, must wait for dust to settle to see the full effects","text":"Massive change, must wait for dust to settle to see the full effects","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139976421","repostId":2137972546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":139965361,"gmtCreate":1621585207453,"gmtModify":1704360082038,"author":{"id":"3573121978215252","authorId":"3573121978215252","name":"大时代的刘青云","avatar":"https://static.tigerbbs.com/a6d9f5db4cc02ec3ab0d48cb2bba6fbf","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Flatten the curve","listText":"Flatten the curve","text":"Flatten the curve","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139965361","repostId":2137972546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":139911549,"gmtCreate":1621583633881,"gmtModify":1704360049329,"author":{"id":"3560204717545571","authorId":"3560204717545571","name":"Kok","avatar":"https://static.tigerbbs.com/efc25bb5380f85af49509ed68d9a3d8f","vip":1,"crmLevel":7,"crmLevelSwitch":1},"htmlText":"Pls like n comment. Tks!","listText":"Pls like n comment. Tks!","text":"Pls like n comment. Tks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/139911549","repostId":2137972546,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4403307,"gmtCreate":1621603026530,"gmtModify":1680790140990,"authorId":3560204717545571,"author":{"id":3560204717545571,"authorId":3560204717545571,"name":"Kok","avatar":"https://static.tigerbbs.com/efc25bb5380f85af49509ed68d9a3d8f","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.18","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.21","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":139911549,"type":1,"supId":4402750,"prevId":0,"content":"<u>sure</u>","text":"<u>sure</u>","html":"<u>sure</u>"},{"id":4402750,"gmtCreate":1621599040110,"gmtModify":1680790137595,"authorId":3578649684330150,"author":{"id":3578649684330150,"authorId":3578649684330150,"name":"nana99","avatar":"https://static.tigerbbs.com/8e1d85c2911a74d975df652e54cba9a9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":139911549,"type":1,"supId":0,"prevId":0,"content":"Comment back please ","text":"Comment back please ","html":"Comment back please "}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":99,"commentSize":26,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.1","shortVersion":"4.24.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2137972546"}