Sunday, January 2, 2011

Hang Seng

The Hang Seng Index (HSI) (Chinese 恒生指數) is the main stock index on the Hong Kong Stock Exchange. It is a free float adjusted market capitalisation weighted index on the top 45 companies. The index was founded on the 24th of November 1969, and is compiled and maintained by Hang Seng Indexes Company Limited. As the index includes many companies that operate in mainland China as well as the Hong Kong SAR (e.g. all of the major banks in China are included in the index) the index is often used as a benchmark for China focused investment funds, especially given that foreigners can freely buy and sell on the Hong Kong market.

Synonyms: Hang Seng Index, Hang Seng Composite Index

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