Hong Kong Exchanges and Clearing Limited (HKEX) is partnering with leading index compiler Hang Seng Indexes Company Limited (HSIL) to jointly launch an index tracking the world’s largest Chinese companies Stock Connect.
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 November 21, 2024.
Index constituents include the 80 largest Chinese companies by market capitalization listed on the Hong Kong, Shanghai and Shenzhen Stock Exchanges traded on Stock Connect. With a balanced industry representation, this cross-market index will provide global investors with a comprehensive and authoritative benchmark for capturing investment opportunities in China.
HKEX CEO Bonnie Y Chan said:
“Stock Connect has fundamentally transformed the relevance and competitiveness of Hong Kong’s markets and the launch of the Stock Connect China Enterprises Index underlines our continued commitment to further enhance the connectivity between mainland China and international markets, providing investors with even more options and opportunities. as we continue to explore the neighborhoods. 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.”
Hang Seng Indexes CEO Anita Mo said:
“Today, I am pleased to announce the launch of SCCEA with HKEX. SCCEA is a comprehensive index for China, an extension of our flagship HSCEI that incorporates large-cap A shares, helping investors gain exposure to China through Stock Connect. Leveraging the combined strengths of HSIL and HKEX, as well as the growing trading volume under Stock Connect, the introduction of SCCEA will further support Hong Kong’s role as a super connector between mainland China and the rest of the world.”
The SCCEA index will be distributed by both HKEX and HSIL through their respective channels from November 21, 2024.
The methodology and additional information about the SCCEA Index will be available on the HKEX and HSIL websites from the index launch date.