Launch of Hang Seng Foreign Companies Index and Hang Seng Global Composite Index demonstrated the evolving Hong Kong capital market platform.
Hang Seng Indexes Company Limited (“Hang Seng Indexes”) on Monday announced the launch of the Hang Seng Foreign Companies Composite Index (“HSFCCI”) and the Hang Seng Global Composite Index (“HSGCI”).
The HSFCCI and the HSGCI provide benchmarks to the market reflecting the overall performance of Hong Kong listed foreign companies and all Hong Kong listed companies (including foreign companies) respectively.
At launch, HSFCCI comprises 15 constituents. They are foreign companies or Hong Kong Depositary Receipts (“HDRs”) listed on the Main Board of the HKEx with at least HKD3.0 billion in market capitalisation. Constituents of the HSGCI include all constituents of the Hang Seng Composite Index and the HSFCCI.
Mr. Vincent Kwan, Director and General Manager of Hang Seng Indexes, said, “The number of foreign companies listed in Hong Kong has been increasing rapidly in the past year. This has demonstrated the evolving Hong Kong capital market platform in facilitating capital raising by international companies as well as trading in those shares by global investors. The Hang Seng Foreign Companies Composite Index provides investors a convenient benchmark in monitoring the price performance of this group of company.”
These two daily indexes will be released after market close starting from 5 September 2011.
Two other daily indexes - Hang Seng Corporate Sustainability Benchmark Index and Hang Seng (China A) Corporate Sustainability Benchmark Index will also be disseminated from 5 September 2011.
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