Should Hang Seng Be Reformulated? Operator of Hong Kong Index Asks

Caixin Global | Jan 14, 2020 at 6:45 AM
  • The operator of the Hong Kong stock market’s benchmark index is soliciting public opinions on whether to include more mainland companies, especially big tech companies with weighted voting rights (WVR) such as Alibaba Group Holding Ltd., Xiaomi and Meituan Dianping.
  • In a questionnaire published Monday on the website of Hang Seng Indexes Co. Ltd., the operator of the Hang Seng Index (HSI) seeks opinions from market participants and stakeholders on the positioning of the 50-year-old index and the eligibility of certain companies for inclusion.
  • Three WVRs are listed in Hong Kong: Xiaomi, Meituan and Alibaba.