Leading Hong Kong-based index provider Hang Seng Indexes has launched two Environmental, Social and Governance (ESG) indices as well as expanding its Hang Seng Stock Connect Greater Bay Area Index Series.
The HSI ESG Index and the HSCEI ESG Index are the latest addition to Hang Seng’s sustainability offering, being its first ESG products. They join two existing corporate sustainability indices, both available as mainland-listed, Hong Kong-listed or cross-market listed companies.
HSI ESG Index and HSCEI ESG Index have the same constituents as the Hang Seng Index, and Hang Seng China Enterprises Index, their respective benchmarks, but have adjusted the weighting depending on the share’s ESG score. Therefore companies with a higher ESG score which have a larger weighting than those with lower ESG scores which have a lower weighting.
The Hang Sing Index is comprised of the 50 largest companies of the Hong Kong stock market with 4 sub-indices within finance, utilities, property and commerce.
The Hang Seng China Enterprises Index is comprised of the 50 largest mainland China companies which are listed in Hong Kong.
In addition to its ESG launches, Hang Seng has expanded its Hang Seng Stock Connect Greater Bay Area Index Series. The Hang Seng Stock Connect Greater Bay Area Innovation Top 50 Index is a cross-market index that is categorised as a Factor & Strategy index.
This latest addition to the Hang Seng Stock Connect Greater Bay Area Index Series selects the top 50 stocks with relatively higher research & development investment and stronger growth performance in selected industries.