Hang Seng China Enterprises Index ETF (02828.HK) Rises 0.96% Intraday as HSI Reclaims 23,000 and HSCEI Gains 0.93% at Midday

NewTimeSpace News: As of 13:39 on October 23, the Hang Seng China Enterprises Index ETF (02828.HK) rose 0.96% to a latest price of HK$79.640. The ETF has traded 52.0992 million units so far today for a turnover of HK$4.134 billion at an average price of HK$79.355, with a turnover rate of 19.57%. It is down 4.62% so far this week. Its current net asset value per unit is HK$78.9923, and its assets under management stand at HK$21.029 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 22, 2026; the week-to-date change is measured against the closing price of HK$83.500 on October 16.)

On the news front, Hong Kong stocks found a bottom and rebounded on October 23: the Hang Seng Index opened higher, briefly turned lower and then climbed, gaining 0.58% at midday to 23,066.79 and reclaiming the 23,000 mark, while the Hang Seng China Enterprises Index rose 0.93% at midday to 7,760.4. Xiaomi gained 5.04% after repurchasing 4.086 million shares for HK$105 million that day, Shenzhou International rose 4.85%, BYD 4.45%, CATL 4.43% and Li Auto 4.15%, with auto, catering, insurance and coal stocks rising; memory semiconductors, optical communications and PCB concepts fell, while gold stocks led non-ferrous metals lower. On individual names, China Telecom reported first-three-quarter operating revenue of RMB382.402 billion, down 3.7% year on year, and net profit of RMB26.207 billion, down 14.8%.

The Hang Seng China Enterprises Index ETF (02828.HK) closely tracks the Hang Seng China Enterprises Index. Launched on August 8, 1994, the index selects Main Board-listed mainland securities (H shares, red chips and private enterprises) and has a fixed 50 constituents; after screening including a 0.1% minimum turnover requirement, eligible stocks are selected by a composite market-cap ranking that equally weights market-cap rank and freefloat-adjusted market-cap rank. The index is weighted by freefloat-adjusted market capitalisation with an 8% cap on any single constituent, is reviewed quarterly, and has a base date of January 3, 2000 with a base value of 2,000 points. The fund primarily adopts a replication strategy.

Tianfeng Securities believes Hong Kong stocks face an environment of overseas interest-rate constraints alongside internal structural opportunities in the near term, and recommends maintaining a balanced allocation with a focus on the matching of earnings delivery, cash-flow quality and valuation; investors may moderately watch utilities, financials and selected central SOEs with steady cash flow and sustainable dividends, and the diversification value of gold, while for information technology, AI and innovative drugs the focus should be on commercialisation progress and earnings delivery.