Core Viewpoint - The article discusses the recent adjustments to the Hang Seng Index and its implications for investors, highlighting the inclusion and exclusion of specific stocks and the expected capital flows resulting from these changes [2][3][5]. Group 1: Hang Seng Index Adjustments - The Hang Seng Index has included China Telecom, JD Logistics, and Pop Mart, with respective weights of 1.44%, 0.51%, and 0.22%, increasing the total number of constituent stocks to 88 [3]. - The Hang Seng China Enterprises Index has added Pop Mart with a weight of 2.10%, while Jitu Express has been removed, maintaining the total number of constituent stocks at 50 [3]. - The Hang Seng Technology Index saw no changes, keeping its 30 constituent stocks unchanged [3]. Group 2: Capital Flow Implications - For the Hang Seng Index, the expected capital inflows from the newly included stocks are approximately $160 million for China Telecom, $68.74 million for JD Logistics, and $45 million for Pop Mart, with respective inflow durations of 4.4 days, 3.5 days, and 1.0 day [3]. - The potential capital outflow from China Bank due to weight changes could reach $12 million, with an outflow duration of about 0.6 days [3]. - In the Hang Seng China Enterprises Index, Pop Mart is expected to bring in $15 million, with an inflow duration of approximately 0.3 days, while Jitu Express may see an outflow of about $4.993 million over 1.2 days [4]. Group 3: Hong Kong Stock Connect Adjustments - The article anticipates 20 new stocks to be included in the Hong Kong Stock Connect, with 19 stocks likely to be removed, aligning closely with previous predictions [5]. - The potential new additions include companies such as China Foods, Caocao Travel, and Nanshan Aluminum International, while removals include companies like Xirui and Youkang Vision [5]. Group 4: Implementation Timeline - The adjustments will be implemented on September 5 and will officially take effect on September 8, with passive funds expected to rebalance their portfolios on the implementation date, leading to significant trading volume increases [7].

Group 1: Government Policies and Economic Measures - The State Council held a meeting to discuss the implementation of large-scale equipment updates and the trade-in policy for consumer goods, aiming to boost sports consumption and promote high-quality development in the sports industry [1] - The National Development and Reform Commission is drafting rules to regulate pricing behavior in the platform economy, emphasizing transparency and compliance with pricing regulations [2] - The People's Bank of China will conduct a 600 billion MLF operation on August 25 to maintain liquidity in the banking system [5] Group 2: Industry Developments - The China Photovoltaic Industry Association called for stronger industry self-discipline to combat malicious competition and ensure fair market order [3] - Industrial Fulian reported significant improvements in production and delivery of its GB200 series products, with expanded capacity to meet growing customer demand [9] - Longjiang Electric Power announced that its controlling shareholder plans to increase its stake in the company by 4 billion to 8 billion yuan within the next 12 months [10] Group 3: Market Movements and Corporate Actions - The Hang Seng Index Company announced the inclusion of China Telecom, JD Logistics, and Pop Mart in the Hang Seng Index, increasing the number of constituent stocks to 88 [7] - Dongfeng Group announced plans for privatization and delisting while its subsidiary, Lantu Automobile, is set to list on the Hong Kong Stock Exchange [8]

泡泡玛特将被纳入恒生中国企业指数成份股，成份股数目维持50只。 1.恒生指数 中国电信(00728)、京东物流(02618)、泡泡玛特(09992)将被纳入恒生指数成份股，成份股数目将由85只 增加至88只。 | | | | 代름 | 公司 | 恒指分类指数 | | --- | --- | --- | | 728 | 中国电信股份有限公司 - H 股 | 恒生工商业分类指数 | | 2618 | 京东物流股份有限公司 | 恒生工商业分类指数 | | 9992 | 泡泡玛特国际集团有限公司 | 恒生工商业分类指数 | 2.恒生中国企业指数 4.恒生综合指数 中国食品(00506)、恒瑞医药（600276）(01276)等将被纳入恒生综合指数成份股，冠城钟表珠宝 (00256)、思派健康(00314)等将被剔除。成份股数目由502只增加至504只。 恒瑞医药 中国电信 恒瑞医药 中国电信 泡泡玛特 京东物流 分时图 日K线 周K线 月K线 64.98 0.99 1.55% 1.66% 1.11% 0.55% 0.00% 0.55% 1.11% 1.66% 62.93 63.28 63.64 63.99 64.34 ...

8月22日，恒生指数有限公司宣布指数检讨结果，恒生指数成份股数目将由85只增加至88只，调入中国 电信股份有限公司、京东物流股份有限公司、泡泡玛特国际集团有限公司。 ...

恒生指数公司发布季检结果：恒指纳入中国电信、京东物流、泡泡玛特，成分股增至88只。 ...

（文章来源：每日经济新闻） 每经AI快讯，8月22日，恒生指数公司发布季检结果：恒指纳入中国电信、京东物流、泡泡玛特，成分 股增至88只。 ...

恒生指数公司发布季检结果：恒指纳入中国电信、京东物流、泡泡玛特，成分股增至88只。 ...

【恒指公司公布季检结果 恒指纳入中国电信、京东物流、泡泡玛特】智通财经8月22日电，恒生指数公 司发布季检结果：恒指纳入中国电信、京东物流、泡泡玛特，成分股增至88只；恒生科技指数成份股没 有变动，成份股数目维持30只；恒生中国企业指数纳入泡泡玛特，剔除极兔速递。 转自：智通财经 ...

Group 1 - The Hang Seng Index will announce its semi-annual review results on August 22, 2025, affecting major indices such as the Hang Seng Index, the Hang Seng China Enterprises Index, and the Hang Seng Tech Index, with changes effective from September 8, 2025 [1] - Several brokerages, including UBS, Huatai Securities, and CICC, have released reports predicting adjustments to the Hang Seng Index and potential candidates for inclusion in the Hong Kong Stock Connect [1][2] - CICC highlights the significant size of passive funds tracking flagship indices, with ETF sizes for the Hang Seng Index, the Hang Seng China Enterprises Index, and the Hang Seng Tech Index being approximately $30.35 billion, $6.63 billion, and $26.12 billion respectively, indicating substantial potential fund flows due to component changes [1] Group 2 - CICC estimates that potential candidates for inclusion in the Hang Seng Index include Bank of Communications (03328), Pop Mart (09992), Yum China (09987), XPeng Motors (09868), Huazhu Group (01179), JD Logistics (02618), and Innovent Biologics (01801) [1][2] - UBS predicts that stocks likely to be included in the Hang Seng Index are WuXi AppTec (02268), Pop Mart, JD Logistics, Kingsoft (03888), and Bank of Communications, while Pop Mart is also expected to be included in the Hang Seng China Enterprises Index [2] Group 3 - Companies such as Cao Cao Travel (02643), InnoCare Pharma (09606), and Zhou Liu Fu (06168) are expected to be included in the Hong Kong Stock Connect, which connects Hong Kong-listed companies with mainland investors [3] - CICC estimates that 19 stocks meet the criteria for inclusion in the Hong Kong Stock Connect, including Cao Cao Travel, InnoCare Pharma, Zhou Liu Fu, and others [3][4] - UBS forecasts potential candidates for the Hong Kong Stock Connect based on the Hang Seng Composite Index predictions, including East Asia Bank, InnoCare Pharma-B, Blue Moon Group, and others [3] Group 4 - Huatai Securities also anticipates that 19 stocks may be included in the Hong Kong Stock Connect, with a list that includes Yunzhisheng, InnoCare Pharma-B, and others [4] - Historical data indicates that newly included stocks in the Hong Kong Stock Connect tend to outperform the market, while stocks removed from the index face significant capital outflows [4]

Group 1 - The Hang Seng Index Company will announce the semi-annual review results of the Hang Seng series indices on August 22, 2025, with changes effective from September 8, 2025 [1] - Major brokerages, including UBS, Huatai Securities, and CICC, have released reports predicting adjustments to the Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Composite Index [1][2] - CICC highlights the significant scale of passive funds tracking flagship indices, with ETF sizes for the Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng Technology Index being approximately $30.35 billion, $6.63 billion, and $26.12 billion respectively [1] Group 2 - Potential candidates for inclusion in the Hang Seng Index include Bank of Communications, Pop Mart, Yum China, XPeng Motors, Huazhu Group, JD Logistics, and Innovent Biologics [1][2] - UBS predicts that stocks likely to be included as blue-chip stocks are WuXi AppTec, Pop Mart, JD Logistics, Kingsoft, and Bank of Communications [2] - Historical data indicates that actual results of the Hang Seng Index's quarterly reviews may differ significantly from predictions based on market capitalization rankings [2] Group 3 - Companies such as Cao Cao Travel, InnoCare Pharma, and Chow Tai Fook are expected to be included in the Stock Connect list, which connects Hong Kong-listed companies with mainland investors [3] - CICC estimates that 19 stocks meet the criteria for inclusion in the Stock Connect, including Cao Cao Travel, InnoCare Pharma, and Nanshan Aluminum [3][4] - UBS forecasts potential additions to the Stock Connect list, including East Asia Bank, InnoCare Pharma-B, and Blue Moon Group [3] Group 4 - Huatai Securities also anticipates that 19 stocks may be added to the Stock Connect, including Yunzhisheng, Huiju Technology, and InnoCare Pharma-B [4] - Historical performance shows that newly included stocks in the Stock Connect tend to outperform the Hang Seng Index during the adjustment period, while stocks removed from the index face significant outflows [4]