Hang Seng Index

Established in 1969, the Hang Seng Index is the benchmark stock market index, monitoring changes in 48 constituent blue chip stocks. It is maintained by Hang Seng Indexes Company, a unit of Hang Seng Bank, which is controlled by HSBC Group.

Bogus ATMs help canny crooks cash in

Enterprising crooks in Beijing have been discovered placing fake automated teller machines in some of the capital's busiest shopping areas in an attempt to scam unsuspecting shoppers.

Tuesday, 22 June, 2010, 12:00am

Greed as much to blame as Greece for scuppering Swire

With market conditions deteriorating by the day and investors running scared, selling a mature property portfolio with promises of expansion into the mainland was never going to be an easy proposition.

7 May 2015 - 4:04pm

HSI's Lunar New Year start fourth-best since '98

The first trading session of the Year of the Tiger started with a roar but finished with a whimper yesterday as profit-takers pounced on opening gains following the long holiday break.

The benchmark Hang Seng Index rose as much as 2.1 per cent shortly after trading began but lost steam in the afternoon and finished up 1.3 per cent, or 265.32 points, at 20,534.01.

18 Feb 2010 - 12:00am

Lai See

History suggests dividends for Year of the Tiger market debut

History might be on the side of investors as they enter the Lunar New Year period hoping to shrug off this year's market woes.

13 Feb 2010 - 12:00am

System 'resilient' despite trading disruption

Hang Seng Indexes, which manages the Hang Seng group of indices, said the technical glitch in its system which disrupted trading late last month was caused by an unusual sequence of events.

Updating of major indices for half an hour on January 22 was disrupted by the glitch and the group said it was carrying out a study to identify possible areas for improvement.

13 Feb 2010 - 12:00am

Machinery maker flails on debut

International Mining Machinery Holdings yesterday became the latest new issue to fall below its offer price, dropping 13.5 per cent on its Hong Kong debut.

The coal mining machinery manufacturer from Heilongjiang province opened at HK$4.90 - slightly above its offer price of HK$4.88 - then rose as high as HK$4.95 before closing at HK$4.22.

11 Feb 2010 - 12:00am

IMM and Chu Kong face waning investor appetite

Retail investors' appetite for new stocks has weakened and brokers and analysts say the previously strong appeal of initial public offerings is unlikely to return.

This may explain why International Mining Machinery Holdings and Chu Kong Petroleum & Natural Gas Steel Pipe Holdings, which debut on the stock exchange today, have been moderately oversubscribed.

10 Feb 2010 - 12:00am

Investors not ready to cash in their chips

Asian investors are still not ready to cash in their chips and give up on the market, clinging to hopes that regional economic growth will create more returns and withstand monetary tightening, according to recent surveys.

1 Feb 2010 - 12:00am

HKMA denies role in bank refusal

The Hong Kong Monetary Authority has denied advising banks not to offer services to some nationalities and says it will follow up complaints filed by ethnic minorities.

29 Jan 2010 - 12:00am

Hang Seng glitch may signal need for closer monitoring

The computer meltdown of the Hang Seng Index last Friday was a wake-up call for the government and Securities and Futures Commission.

A glitch meant Hang Seng Indexes, a Hang Seng Bank subsidiary that calculates the market's benchmarks, could not accurately calculate the blue-chip index or the China Hang Seng China Enterprises Index for half an hour.

26 Jan 2010 - 12:00am

SFC loses manipulation case

The Securities and Futures Commission yesterday lost the first criminal market manipulation case it attempted to prosecute when Eastern Court acquitted a futures trader of five counts of the charge.

The SFC said it was reviewing the verdict to decide whether to appeal and whether to continue civil proceedings against Tsoi Bun.

21 Jan 2010 - 12:00am

Investment bankers expect record IPOs

It may be only January, but investment bankers already have the champagne on ice as they predict this year will be a record for initial public offerings.

Financiers say the money companies raise on the main board this year will easily surpass 2007, when the cash firms raked in from stock sales hit a record HK$290 billion.

13 Jan 2010 - 12:00am

Feel-good factor boosted by market rally

Hongkongers' optimism about the city's economy and their personal development is soaring, with Chief Executive Donald Tsang Yam-kuen saying the city has risen to the challenge in the past year.

Residents' confidence had a roller-coaster ride in the past two years, reflecting the dramatic movement of the Hang Seng Index, an annual survey shows.

1 Jan 2010 - 12:00am

In a low-rate world, HK assets still catch the eye

One highly numerate reader e-mailed me to take issue with Friday's Monitor.

In that column, I argued that despite last week's warning from the International Monetary Fund, there are few signs that dangerous bubbles are inflating in Hong Kong's stock and property markets.

7 Dec 2009 - 12:00am

Lai See

Li puts his money where his mouth is, but stocks still lag

To many of his followers, it is a bit strange to see Li Ka-shing not investing in any public companies other than his own for almost a year.

For the 21st time, the Cheung Kong (Holdings) chairman raised his stake in his flagship, paying HK$13.5 million for 140,000 shares last Friday.

25 Nov 2009 - 12:00am