Hang Seng Indexes licenses China Enterprises Index to CCB Principal as basis for new ETF


Hang Seng Indexes has licensed the Hang Seng China Enterprises Index (HSCEI) to CCB Principal Asset Management to serve as the underlying index for the creation of an exchange-traded fund (ETF). The ETF was listed on the Shanghai Stock Exchange on 21 January 2019.

Comprised of large-cap mainland China enterprises listed in Hong Kong, the HSCEI is a barometer of the China market in Hong Kong. The HSCEI has 50 constituents: 40 H-shares and 10 Red-chips and P-chips.
 
The new ETF will bring the number of exchange-traded products linked to indexes in the Hang Seng Family of Indexes to 75 – with listings on 17 different stock exchanges across the world. By the end of December 2018, assets under management in products passively tracking indexes in the Hang Seng Family of Indexes had reached a total of about USD34 billion.

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