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Hang Seng Index: Hong Kong's Main Stock Market Indicator
1.
2. The Hang Seng Index is a freefloat-adjusted
market capitalization-weighted stock market
index in Hong Kong.
It is used to record and monitor daily changes of
the largest companies of the Hong Kong stock
market and is the main indicator of the overall
market performance in Hong Kong.
These 48 constituent companies represent
about 60% of capitalisation of the Hong Kong
Stock Exchange
3. HSI was started on November 24, 1969, and
is currently compiled and maintained by
Hang Seng Indexes Company Limited, which
is a wholly owned subsidiary of Hang Seng
Bank, one of the largest banks registered and
listed in Hong Kong in terms of market
capitalisation.
4. It is responsible for compiling, publishing and
managing the Hang Seng Index and a range of
other stock indexes, such as Hang Seng China
Enterprises Index, Hang Seng China AH Index
Series, Hang Seng China H-Financials Index, Hang
Seng Composite Index Series, Hang Seng China A
IndustryTop Index, Hang Seng Corporate
Sustainability Index Series and Hang SengTotal
Return Index Series.
Hang Seng in turn, despite being a public
company, is held in majority by British financial
firm HSBC.
5. The Hang Seng Index was created by Hong
Kong banker Stanley Kwan and debuted on
November 24, 1969
On January 2, 1985, four sub-indices were
established in order to make the index clearer
and to classify constituent stocks into four
distinct sectors.
There are 50 HSI constituent stocks in total.