The Pulse of Hong Kong's Markets for Over Half a Century
HONG KONG, Nov. 7, 2024 /PRNewswire/ -- Hang Seng Indexes Company Limited ('HSIL'), a wholly- owned subsidiary of Hang Seng Bank, today celebrated the 55th anniversary of its flagship Hang Seng Index (HSI) with a cocktail reception. The event was officiated by the Honourable Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong Special Administrative Region; Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank and Anita Mo, Director and Chief Executive Officer of Hang Seng Indexes Company. Together, they marked this milestone and the Hang Seng Index's enduring significance to Hong Kong's stock market.
The Honourable Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong Special Administrative Region (middle); Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank (left) and Anita Mo, Director and Chief Executive Officer of Hang Seng Indexes Company (right), officiated at the 55th Anniversary of Hang Seng Index’s cocktail reception.
The Honourable Paul Chan Mo-po, Financial Secretary of the Government of Hong Kong Special Administrative Region presented the prestigious “55 Years in Hang Seng Index Award” to the four companies that have maintained their presence as constituents of the Hang Seng Index since its inception. The recipients are: (from left to right) Chiang Tung Keung, Chief Executive Officer of CLP Holdings Limited; Peter Wong, Managing Director of The Hong Kong and China Gas Company Limited; David Grimme, Chief Operating Officer, Asia-Pacific of The Hongkong and Shanghai Banking Corporation; and Tsai Chao Chung Charles, Chief Executive Officer of Power Assets Holdings Limited.
The Hon Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong Special Administrative Region (sixth left); Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank (fifth left); Anita Mo, Director and Chief Executive Officer of Hang Seng Indexes Company (sixth right), along with Hang Seng Index’s Advisory Committee, including Bill Kwok, Managing Director of Wocom Holdings Limited (far left); Janet Li, Chief Executive Officer of BEA Union Investment Management Limited (second left); Paul Pong, Managing Director of Pegasus Fund Managers Limited (third left); Rannie Lee, Head of Wealth and Personal Banking of Hang Seng Bank Limited (forth left); Prof. Chen Lin, Chair of Finance and Associate Vice-President of The University of Hong Kong (fifth right); Stephen Po, Former Senior Director and Head of Intermediaries Supervision Department, Securities and Futures Commission (forth right); Prof. Li Wai Keung, Dean of Faculty of Liberal Arts and Social Sciences (FLASS) and Research Chair Professor of Data Science of The Education University of Hong Kong (third right); Phyllis Lee, Chief Executive Officer of Universal Software Systems Limited (second right); and Philip Tso, Head of Institutional Business, Asia Pacific of Allianz Global Investors Asia Pacific Limited (far right), celebrated 55 years of market leadership of the index.
The Hon Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong Special Administrative Region (forth right); Irene Lee, Chairman of Hang Seng Bank (third right); Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank (Forth left); Anita Mo, Director and Chief Executive Officer of Hang Seng Indexes Company (third left); and other Board of Directors of Hang Seng Bank, including Saw Say Pin, Executive Director and Chief Financial Officer (far left); Wang Xiao Bin, Independent Non-executive Director (second left); Cordelia Chung, Independent Non-executive Director (second right); and Patricia Lam, Independent Non-executive Director (far right) raised a toast to celebrate Hang Seng Index’s 55th Anniversary.
First launched on 24 November 1969, the Hang Seng Index has evolved into the most widely quoted indicator of Hong Kong's equity market. As of end of October 2024, assets under management (AUM) in products passively tracking the Hang Seng Family of Indexes have reached a total of USD78.5 billion, with HSI alone accounting for approximately USD25 billion of this total. There are 15 Exchange Traded Products (ETPs) globally were linked to the Hang Seng Index to date.
Addressing attendees at the event, Diana Cesar said: "For 55 Years, the Hang Seng Index has mirrored the heartbeat of Hong Kong's market, reflecting its dynamism and resilience. What began as an internal reference has transformed into a global legacy, thanks to the visionary leadership of our late Chairman, Dr. Lee Quo-Wei, who spearheaded its creation. Today, we are proud to see our presence across 36 markets including a recent collaboration with The Saudi Exchange, further supporting Hong Kong's role as a super connector between mainland China and the rest of the world."
Anita Mo said, "The Hang Seng Index is a cornerstone of Hong Kong's financial market and is closely intertwined with the lives of Hong Kong people. We will remain innovative and forward-looking as we continue to enhance and aim to further elevate this reputable brand, making it shine and even brighter internationally. We will strive HSI to be top of mind for investors seeking exposure to Hong Kong and mainland China."
A highlight of the event was the presentation of the prestigious "55 Years in Hang Seng Index Award" by the Financial Secretary to four companies that have been constituents of the Hang Seng Index since its inception. The recipients of this honour were CLP Holdings Limited, The Hong Kong and China Gas Company Limited, HSBC Holdings plc, and Power Assets Holdings.
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About Hang Seng Indexes Company Limited
Hang Seng Indexes Company Limited ('Hang Seng Indexes Company') manages and compiles the Hang Seng Family of Indexes, which cover stocks listed in Hong Kong and Mainland China. Our index series includes the Hang Seng Index, the Hang Seng China Enterprises Index and the Hang Seng TECH Index, as well as Stock Connect, Greater Bay Area, Sustainability and sector-related indexes. As at the end of October 2024, assets under management in products passively tracking indexes in the Hang Seng Family of Indexes had reached a total of about USD78.5 billion. Hang Seng Indexes Company is a wholly owned subsidiary of Hang Seng Bank. For further information on the Hang Seng Family of Indexes, please visit www.hsi.com.hk.
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