Hang Seng Indexes Company and KRX Launch First Joint Index Series, Linking Hong Kong and South Korean Capital Markets
NewTimeSpace News: Hang Seng Indexes Company and the Korea Exchange (KRX) announced today the official launch of their first co-branded cross-market index series–the "Hang Seng KRX Hong Kong-Korea Index Series." This initiative is regarded as a significant milestone in enhancing the interconnection between the two financial hubs.
The first suite of indices launched under this partnership includes four indices aimed at capturing targeted sectoral opportunities. Specifically, these are: the "Hang Seng KRX Hong Kong-Korea Large Cap Index," which combines the Hang Seng Hong Kong Stock Connect Index with Korea'sKOSPI 200; the "Hang Seng KRX Hong Kong-Korea Tech & Semiconductor Index" (combining the Hang Seng Tech Index and the KRX Semiconductor TOP15 Index), focusing on the technology and semiconductor sectors; the "Hang Seng KRX Hong Kong-Korea Tech Index" (combining the Hang Seng Tech Index and the KOSPI 200 IT Index), targeting leading technology firms; and the "Hang Seng KRX Hong Kong-Korea Biotech & Healthcare Index" (combining the Hang Seng Biotech Index and the KOSPI 200 Healthcare Index), centred on the high-growth healthcare sector.
Mr. Joseph Chan, Under Secretary for Financial Services and the Treasury of Hong Kong, noted that this marks the first index collaboration between Hang Seng Indexes Company and an overseas exchange, which will help consolidate Hong Kong's status as an international financial centre. Mr.Sunghwan Chun, Acting Consul General of the Republic of Korea in Hong Kong, stated that the cooperation broadens access to the South Korean capital market and is expected to facilitate global capital inflows into South Korea through potential future ETF products linked to the indices.
Both parties indicated that the launch of these indices, which are structured to be eligible under mutual market access frameworks, aims to support the development of cross-border financial products, foster two-way capital flows, and that they plan to continuously expand the partnership to develop more thematic indices aligned with evolving market trends.
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