PRESS RELEASE 10 November 2014 Launch of Hang Seng CSI Shanghai-Hong Kong AH Smart Index Hang Seng Indexes Company Limited (“Hang Seng Indexes”), Hong Kong's leading index compiler, and China Securities Index Company Limited (“CSI”), an influential index company in mainland China, today announced that they will jointly launch the Hang Seng CSI Shanghai-Hong Kong AH Smart Index (“SHHKSI”) on 17 November 2014. This cooperative effort brings together the brands and expertise of the two index compilers and will put global investors in a better position to capture the investment opportunities arising from Shanghai-Hong Kong Stock Connect (“SH-HK Stock Connect”). The SHHKSI will cover 50 SH-HK Stock Connect eligible companies with dual listings as A-shares on Shanghai Stock Exchange and H-shares on the Main Board of the Stock Exchange of Hong Kong. The index will include the share class that has a lower relative price. The SHHKSI aims to provide a benchmark reflecting a price arbitrage strategy that may bring additional returns to investors while the AH price difference is expected to be narrowed after the launch of the SH-HK Stock Connect. Mr Vincent Kwan, Director and General Manager of Hang Seng Indexes, said: “Hang Seng Indexes is pleased to join with CSI to develop the Shanghai-Hong Kong AH Smart Index. The Shanghai-Hong Kong Stock Connect will improve the efficiency of the two stock markets and induce more demand on cross-market index products. We will continue to develop more new index solutions to satisfy different market demands.” Mr Zhigang Ma, Chief Executive Officer of CSI, said: “Launched with the partnership of Hang Seng Indexes, this strategy index rides on the arbitrage opportunities arising from the AH price difference of dual-listed companies in Shanghai and Hong Kong. CSI will continue to develop more indexes to meet investors’ needs in cross-border investments.” The SHHKSI will be calculated and disseminated real-time at 2-second intervals starting from 17 November 2014. For more details of the SHHKSI and the list of constituents, please refer to Appendix 1 and 2 respectively. - Ends - Launch of Hang Seng CSI Shanghai-Hong Kong AH Smart Index / 2 About Hang Seng Indexes Company Limited The Hang Seng Family of Indexes is managed and compiled by Hang Seng Indexes Company Limited (formerly HSI Services Limited), which is a wholly-owned subsidiary of Hang Seng Bank. The Hang Seng Family of Indexes comprises a wide range of Flagship, Benchmark, Thematic, Strategy and Bond indexes that cover Hong Kong and mainland China markets. For further information on the Hang Seng Family of Indexes, please visit the company's website at www.hsi.com.hk. About China Securities Index Company Limited As a joint venture between the Shanghai Stock Exchange and the Shenzhen Stock Exchange, CSI is a professional business entity specialising in the creation and management of indices and index-related services. CSI is dedicated to serving the capital market and promoting financial innovation relying on the information and technical advantages of the two exchanges. Focusing on the series of CSI indices, exchange indices and customized indices, CSI aims to become the leading index provider in China. For further information on CSI, please visit the company's website at www.csindex.com.cn. Appendix 1 Hang Seng CSI Shanghai-Hong Kong AH Smart Index Universe Shanghai-Hong Kong Stock Connect eligible companies with dual listings as A-shares on Shanghai Stock Exchange and H-shares on the Main board of the Stock Exchange of Hong Kong Launch Date 17 November 2014 Base Date 9 April 2014 Base Value 5,000 Number of Constituents 50 Review Frequency Half-yearly Share Class Switching Frequency Monthly Switching Mechanism For each constituent company A-share to H-share only if AHPR* > 103 H-share to A-share only if AHPR* < 97 Otherwise, no change Weighting Methodology Freefloat-adjusted market capitalisation (total of Ashare and H-share) weighted with a 10% cap on each constituent weighting Currency CNY Dissemination Real-time at 2-second intervals * AH Price Ratio, i.e. A-share price / H-share price (in CNY equivalent) x 100, of the constituent company # Day-end closing index values in CNY and HKD are available Appendix 2 Hang Seng CSI Shanghai-Hong Kong AH Smart Index Constituents and weightings (as at 7 November 2014 after monthly switching implemented) Name CCB ICBC Ping An Bank of China PetroChina Minsheng Banking CM Bank Sinopec Corp China Life ABC Bankcomm CITIC Sec CPIC China Shenhua Haitong Securities Anhui Conch CEB Bank Huaneng Power CITIC Bank China Railway GreatWall Motor China Comm Cons CSR NCI China CNR China Rail Cons China Oilfield Tsingtao Brew Fosun Pharma Zijin Mining Jiangxi Copper CHALCO Huadian Power Shanghai Pharma Air China China Coal Baiyunshan Pharm Datang Power SH Electric GAC Group MCC CSCL China South Air Shanghai Pechem Dongfang Elec Yanzhou Coal China East Air Jiangsu Express BBMG CMOC AH Price Ratio (%) 92.83 90.45 86.80 95.62 106.95 105.27 93.12 101.66 88.48 89.36 95.40 88.46 89.46 89.64 101.50 85.13 97.63 89.33 124.16 110.23 114.19 123.35 93.13 128.87 106.67 106.31 150.14 89.82 91.22 167.61 127.52 142.57 87.77 96.42 108.62 126.95 134.57 133.24 213.28 141.76 156.26 193.18 143.83 195.50 151.19 178.85 157.26 91.85 156.73 187.69 A-share Code 601939 601398 601318 601988 H-share Code 857 1988 600036 600028 601628 601288 601328 600030 601601 601088 6837 600585 601818 600011 998 390 2333 1800 601766 1336 601299 1186 2883 600600 600196 2899 358 2600 600027 2607 753 1898 874 991 2727 2238 1618 2866 1055 338 1072 1171 670 600377 2009 3993 Weighting (%) 10.01 9.55 7.34 6.64 5.64 5.40 5.08 4.69 4.28 3.54 3.24 3.18 2.66 2.52 2.45 1.50 1.49 1.23 1.23 1.16 1.13 1.02 0.96 0.94 0.94 0.93 0.75 0.74 0.72 0.66 0.66 0.65 0.55 0.55 0.53 0.50 0.46 0.45 0.44 0.44 0.37 0.37 0.34 0.33 0.33 0.33 0.32 0.31 0.31 0.16 100.00
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