Hkex: Delayed Receipt Of Information Received From Shanghai And Hong Kong

Guo Jiayao, chief strategist at Yin Sheng wealth management, believes that US stocks rose sharply last Friday, mainly driven by employment data, and the new position of non agriculture was much higher than expected. The rate of failure has dropped to 6 years low.

Hong Kong stocks are generally soft, and the market is expected to follow the periphery.

The mainland stock market closed for the rest of the holiday. Investors held the Fourth Plenary Session of the Central Committee and the opening date of Shanghai and Hong Kong through the month.

Hong Kong stocks experienced a technical rebound after falling day after day. Although the political situation is still uncertain, the situation is easing. With strong external performance, the index is expected to have strong support at 22500 level, and the market outlook is expected to gradually rise to 24000 level.

In October 6th, the number of shares of Hang Seng index was up to 50 from one or two years, and in recent years, the market value of Hang Seng Index dropped to only 60%, compared with seven to eight more than 10 years ago.

However, Guan Yongsheng, managing director and general manager of Hang Seng company, said that the market coverage rate was 60%, which is not low. Moreover, the Heng Heng stock composition is moderate and the representatives of various industries are moderate. Therefore, there is no plan to adjust the number of shares of the Hang Seng stock index.

During the interview, the number of shares of the Hang Seng index increased from 33 to 38, and then increased to 50. It was due to the prevailing market changes that there were a large number of H-shares listed, and many of them were large market capitalization, which were expected to meet the requirements of the inclusion of the Hang Seng Index. Therefore, the number of constituent stocks needed to be increased.

In June 30th this year, the stock market value of the Hang Seng index component was 59.2%, and the turnover volume in the second quarter of this year was only 52.1%.

Guan Yongsheng admitted that he believed that the market value of the Hang Seng index would remain at about 60%, and that it would not be easy to rebound to seven to 80% levels.

However, the 60% ratio is not low, because the number of listed companies has increased a lot in recent years. At the same time, the index users think that there are enough representatives of the 50 constituent stocks at present. Therefore, there is no need to change at this stage. It is fair to say that "not necessarily the largest number of constituent stocks can reflect the market, otherwise the whole All Share Index (all stock index)" can be!

The limit of specific gravity falls to 10%.

Asked whether this is necessary to take advantage of the use of Heng Zhi to push products.

He said that it was not the main factor, because the stocks were more or less, and the issuers could push the products. "Even if only one constituent stock can do (products), such as the S & P 500 constituent stocks (the S & P 500 index) can do it!"

He added that since the conversion of the Hang Seng Index to the market value of liquidity and the recent reduction of the upper limit of a single share from 15% to 10%, there is no plan to adjust the upper limit of the percentage of shares.

"At present, the proportion of constituent stocks is the upper limit. There are some restrictions on the maximum proportion of single stock in various market divisions, but the mutual fund of Hongkong stipulates that the proportion of a single share should not exceed 10%.

I have been with the fund industry, the company's calculation index is to give funds to track or do products, the market think the proportion of the upper limit set 10% suitable.

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