Hang Seng Index Company: Hang Seng Index is expected to achieve its best annual performance since 2017, with the financial industry making the largest contribution.

On December 17th, the Hang Seng Index Company stated that 2025 is expected to be one of the best-performing years for the Hang Seng Index (abbreviated as HSI) in the past 10 years. With record fund inflows through the Stock Connect scheme, optimism about the future development of artificial intelligence, and market sentiment boosted by interest rate cuts, the momentum for the HSI's rise is expected to continue into 2025. As of December 12th, 2025, the HSI has recorded a 29% increase year-to-date, mainly driven by the finance, information technology, and non-essential consumer goods sectors. As 2025 comes to a close, the HSI is on track to achieve its best annual performance since 2017 (+36%). Launched in November 1969, the HSI has become a globally recognized benchmark for the Hong Kong stock market with a comprehensive product ecosystem. As of the end of November 2025, there are a total of 16 Exchange Traded Products (ETPs) tracking the HSI, with a total assets under management (AUM) of $23.5 billion. In addition, the HSI has further expanded its market coverage in recent years, adding 6 new constituents this year, bringing the total number of constituents to 89 after the latest index review changes took effect on December 8th, 2025, steadily moving towards its goal of reaching 100 constituents. The Hang Seng Index Company stated that the finance industry has been the largest contributing sector to the HSI this year. From the beginning of the year until December 12th, the HSI has risen by 5,917 points or 29%, closing at 25,976 points. It is worth noting that the upward trend this year has been broad-based, with all 12 HSICS industries making positive contributions. Among them, three industries stood out, accounting for 79% of the index's gain. The finance industry contributed 2,389 points, equivalent to 40% of the index's gain, making it the largest contributing sector. This is followed by the information technology and non-essential consumer goods sectors, contributing 22% and 16% to the index's gain, respectively. At the constituent level, BABA-W (09988) is the largest contributor, driving a 23% gain in the HSI this year. The next major contributors are HSBC Holdings (00005) and Tencent (00700), contributing 14% and 13% to the gain, respectively. As of December 12th, 2025, the combined impact of the top ten contributing constituents of the HSI is 4,569 points, equivalent to 77% of the year-to-date gain.