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Ho Sin Hang, chairman of the Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a "Dow Jones Index for Hong Kong". [4] [5] Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index in 1964, [4] the index was initially used for internal reference in the Hang Seng Bank, they debuted the index on November 24, 1969.
Hang Seng Indexes Company Limited (HSI; Chinese: 恒生指數有限公司) is a private company in Hong Kong and wholly owned by Hang Seng Bank. [1] HSI was founded in 1984 and is the major provider of stock market indexes on Hong Kong and China stock markets such as in Shanghai and Shenzhen .
The Hang Seng Composite Index is a stock market index of the Stock Exchange of Hong Kong and was launched in 2001. It offers an equivalent of Hong Kong market benchmark that covers around the top 95th percentile of the total market capitalisation of companies listed on the Main Board of the Stock Exchange of Hong Kong (“SEHK”).
Hong Kong’s benchmark Hang Seng Index fell 2.3% Monday, closing at its lowest level since October 2022. The index has lost more than 12% so far this month, nearly as much as it lost in all of 2023.
People walk past Hong Kong's stock exchange building as the market closed with a massive fall of more than nine percent in the benchmark Hang Seng Index on Tuesday, Oct. 8, 2024.
The securities eligible for the CAS include all constituents of the Hang Seng Composite LargeCap, MidCap and SmallCap indices, H shares which have corresponding A shares listed on a mainland exchange and all exchange traded funds. It also includes some regulated short-selling orders. [17]
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Hang Seng Index 2001 - 2022 Main article: Hong Kong Stock Exchange The Hong Kong Stock Exchange is the sixth largest in the world, with a market capitalisation of about US$3.732 trillion as of mid-2017.