Core Viewpoint - The Hang Seng Index Company will announce the results of the 2025 Q4 index review on February 13, with changes effective from March 9, impacting liquidity and presenting new investment opportunities for investors [1]. Group 1: Stock Inclusion and Exclusion - Over 40 stocks are predicted to be included in the Hong Kong Stock Connect, while more than 20 stocks may be excluded due to insufficient market capitalization [1][2]. - The market capitalization threshold for inclusion in the Hang Seng Composite Index and Stock Connect is approximately HKD 9.307 billion, while the exclusion threshold is HKD 6.115 billion [2]. - A total of 43 companies meet the criteria for inclusion, with notable candidates including JD Industrial, Innovation Industries, and Dipo Technology [2]. Group 2: Market Dynamics and Structural Changes - The adjustment of Stock Connect targets is a complex system considering market capitalization, liquidity, and market structure, rather than a simple "market cap game" [3]. - Companies listed in both A and H shares can be added to Stock Connect without waiting for periodic adjustments, as seen with Naxin Microelectronics and Nanhua Futures [3]. - The adjustment mechanism includes two major adjustments in March and September, and two minor adjustments in June and December, with key dates for companies to meet criteria being June 30 and December 31 [2]. Group 3: Focus on New Economy and Technology Stocks - The potential inclusion list highlights a strong focus on new economy and technology stocks, including AI-related companies and biotech firms [4]. - The information technology sector leads with 15 potential inclusions, followed closely by the healthcare sector with 14, while traditional financial sectors see minimal additions [4]. - The distribution of potential inclusion stocks indicates a structural shift towards technology-driven industries, enhancing asset allocation options for mainland investors [4]. Group 4: Market Vitality and Attractiveness - The dynamic mechanism of Stock Connect enhances liquidity premiums for related industries and improves the overall representativeness and attractiveness of the Hong Kong market [5]. - Continuous expansion and precise adjustments of Stock Connect deepen the interconnectivity between mainland and Hong Kong capital markets, reinforcing Hong Kong's position as an international financial hub [6]. - The ongoing optimization of Stock Connect targets is expected to attract long-term capital and guide funds towards high-growth sectors, contributing to the structural upgrade of the Hong Kong market [6].
港股通标的即将调整，希迪智驾、禾赛等智驾股有望被纳入