Ge Long Hui·2025-09-08 11:53Core Points - The Hang Seng Index and other major indices are undergoing significant adjustments, effective from September 8, 2025 [1][2][3] - The number of constituent stocks in the Hang Seng Index will increase from 85 to 88, with new additions including China Telecom, JD Logistics, and Pop Mart [1] - The Hang Seng Biotechnology Index will see a reduction in constituent stocks from 50 to 30, with the addition of InnoCare Pharma and the removal of several others [2] - The Hang Seng Composite Index will increase from 502 to 504 constituent stocks, adding 24 new stocks while removing 22 [3] - The Hang Seng Sustainable Development Index will maintain 30 stocks, adding Sino Land, Cheung Kong Infrastructure, and AAC Technologies, while removing several others [4] - The Hang Seng Technology Index will remain unchanged with 30 stocks [5] Industry Insights - The Hong Kong stock market may experience a turnaround in fundamentals in the second half of the year, driven by policy changes and increased capital expenditure in AI by internet giants [6] - The STAR Market has become the highest proportion of index investment in A-shares, with significant growth in ETF products related to the STAR Market [8] - There has been a notable increase in merger and acquisition activities in the semiconductor sector, with several major companies announcing plans [9]