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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.
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]
FTSE China A50 Index (was known as FTSE–Xinhua China A50 Index) is a stock market index by FTSE Group (FTSE–Xinhua joint venture until 2010), the components were chosen from Shanghai Stock Exchange and Shenzhen Stock Exchange, which issue A-share; B-share (share for foreigners) were not included.
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”).
Kwan headed the Hang Seng Bank's research department at the time. [1] Together with his staff of seven employees, Kwan created the Hang Seng Index using input from economists, statisticians and government officials. [1] The Index debuted in Hong Kong on November 24, 1969. The Hang Seng Index would benefit, or suffer, based on the political and ...
During the 1997 Asian financial crisis, currency speculators sold the Hong Kong dollar heavily and shorted local stocks and Hang Seng Index futures. The government controversially used the exchange fund to acquire HK$120 billion ( US$15 billion) worth of blue-chip shares in a two-week market intervention, beginning 12 August 1998 with the aim ...
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