Five developers were kicked out of the Hang Seng Index.

Yes, China Evergrande, Sunac China, Shimao Group, Zhaojiaye Group and China Aoyuan were excluded from the Hang Seng Index by HKEx.

Due to the continuous suspension of trading, five real estate stocks, including China Evergrande, Sunac China, Shimao Group, Caesar Group and China Aoyuan, and three real estate stocks, including Evergrande Real Estate, Aoyuan Health and Color Life, were officially excluded from the Hang Seng Composite Index on July 1 1 2022. At the same time, Sunac China was eliminated by hang seng china enterprises index and replaced by Bi Li.

The influence of Hang Seng Index

Hang Seng Index is compiled by Hang Seng Index Services Limited, a wholly-owned subsidiary of Hang Seng Bank of Hong Kong. It was officially launched on June 24th, 1969, 165438. It is one of the earliest stock market indexes in Hong Kong. At present, the constituent stocks of Hang Seng Index mainly involve more than ten industries such as finance, science and technology, consumption, real estate, medical care and energy. The total market value of Hang Seng Index once accounted for about 90% of the total market value of Hong Kong Stock Exchange, and real estate is one of its important categories.

The Hang Seng Index is also an important indicator reflecting the performance of the Hong Kong stock market. In particular, the constituent stocks of the Hang Seng Index have always been regarded as the "top students list" of Hong Kong stocks because of their high requirements on the market value and trading volume. The eight real estate and property companies that were eliminated this time are also leading enterprises in the industry.

One of the stock selection criteria for the constituent stocks of the Hang Seng Index is that "the main version and the first listing place are in Hong Kong", so the real estate stocks of the Hang Seng Index were originally local real estate enterprises such as Hutchison Whampoa. In May 2006, R&F Real Estate was officially listed in hang seng china enterprises index, Hang Seng Composite Index Series and Hang Seng Circulation Index Series, becoming the first mainland real estate enterprise to be included in these indexes. With the continuous listing of mainland real estate enterprises in Hong Kong, domestic real estate stocks have become an important force in the Hang Seng Index.