Components
On January 2, 1985, four sub-indices were established in order to make the index clearer and to classify constituent stocks into four distinct sectors. There are 49 HSI constituent stocks in total. As of November 8, 2012, they are:
Hang Seng Finance Sub-index
- 0005 HSBC Holdings plc
- 0011 Hang Seng Bank Ltd
- 0023 Bank of East Asia, Ltd
- 0388 HKEx Limited
- 0939 China Construction Bank
- 1299 American International Assurance
- 1398 Industrial and Commercial Bank of China
- 2318 Ping An Insurance
- 2388 BOC Hong Kong (Holdings) Ltd
- 2628 China Life
- 3328 Bank of Communications Ltd
- 3988 Bank of China Ltd
Hang Seng Utilities Sub-index
- 0002 CLP Holdings Ltd
- 0003 Hong Kong and China Gas Company Limited
- 0006 Hong Kong Electric Holdings Ltd
- 0836 China Resources Power
Hang Seng Properties Sub-index
- 0001 Cheung Kong (Holdings) Ltd
- 0012 Henderson Land Development Co. Ltd
- 0016 Sun Hung Kai Properties Ltd
- 0083 Sino Land Co Ltd
- 0101 Hang Lung Properties Ltd
- 0688 China Overseas Land & Investment Limited
- 1109 China Resources Land Limited
Hang Seng Commerce & Industry Sub-index
- 0004 Wharf (Holdings) Ltd
- 0013 Hutchison Whampoa Ltd
- 0017 New World Development Co. Ltd.
- 0019 Swire Pacific Ltd 'A'
- 0066 MTR Corporation Ltd
- 0144 China Merchants Holdings (International) Co Ltd
- 0151 Want Want China Holdings Ltd
- 0267 CITIC Pacific Ltd
- 0291 China Resources Enterprise, Ltd
- 0293 Cathay Pacific Airways Ltd
- 0322 Tingyi (Cayman Islands) Holding Corp
- 0330 Esprit Holdings Ltd
- 0386 Sinopec Corp
- 0494 Li & Fung Ltd
- 0700 Tencent Holdings Limited
- 0762 China Unicom Ltd
- 0857 PetroChina Company Limited
- 0883 CNOOC Ltd
- 0941 China Mobile Ltd
- 1044 Hengan International Group Co. Ltd
- 1088 China Shenhua Energy Company Limited
- 1199 COSCO Pacific Ltd
- 1880 Belle International
- 1898 China Coal Energy
- 1928 Sands China
- 2600 Aluminum Corporation of China Limited (Chalco)
In the future, the number of constituent stocks will be increased to 50 in order to reflect the changes in the Hong Kong stock market and to maintain the index as the most representative market benchmark.
The Hang Seng Composite Index Series (恒生綜合指數) was launched on October 3, 2001, targeting on providing a broad standard of the performance of the Hong Kong stock market. It was last revamped on March 8, 2010, and comprises 307 constituents (will become 306 from August 9, 2010). The market capitalisation of these companies accounts for about 95% of the total capitalisation of the stocks in Hong Kong.
To ensure the impartiality of its operation, Hang Seng Indexes Company Limited established an Independent Advisory Committee to give advice on issues pertaining to the indexes, including constituent changes and the development of new indexes.
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“Hence, a generative grammar must be a system of rules that can iterate to generate an indefinitely large number of structures. This system of rules can be analyzed into the three major components of a generative grammar: the syntactic, phonological, and semantic components.”
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