HONG KONG, Nov. 15 (Xinhua) -- Hong Kong Exchanges and Clearing Limited (HKEX) announced Friday that it is collaborating with Hang Seng Indexes Company Limited (HSIL) to jointly launch an index tracking the largest Chinese companies in the vibrant Stock Connect universe, supporting the development of Hong Kong's capital market product ecosystem.
The Hang Seng HKEX Stock Connect China Enterprises Index (SCCEA Index) will be the first co-branded index between HKEX and HSIL when it launches on Nov. 21, 2024.
Constituents of the index include the 80 largest Chinese companies by market capitalization listed on the Hong Kong, Shanghai and Shenzhen stock exchanges that are traded on Stock Connect. With a balanced sector representation, this cross-market index will offer global investors a comprehensive and authoritative benchmark to capture investment opportunities in China.
Bonnie Chan, HKEX chief executive officer, said that the index will bring together the expertise of one of the world's leading exchange groups with the region's leading index compiler, providing investors with more choices and opportunities.
"We look forward to working closely with asset managers, issuers and market participants on new product innovations based on this index, further enriching the Stock Connect ecosystem to support the depth and breadth of Hong Kong's capital markets," Chan said.
