With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei. On the evening of August 14, the Hang Seng Index company announced the latest adjustment results. Alibaba and Xiaomi group were included in the Hang Seng Index, while Ali, Xiaomi and meituan reviews were included in the Hang Seng state-owned enterprise index. All changes will take effect on Monday, September 7. < / P > < p > many public offering and private placement are very optimistic about this inclusion. The inclusion of Ali, Xiaomi and meituan has improved the new economic component of the representative index of Hong Kong stock market, which is more representative of China’s economy. It is conducive to the performance of the index in the future and the development of the Hong Kong stock market. It also makes the liquidity of relevant stocks better. < p > < p > on August 14, the Hang Seng Index company released the latest index review results. Several stocks of alibaba-sw (09988), Xiaomi group-w (01810) and Yaoming biological (02269) were included in the Hang Seng Index; meanwhile, Xinhe real estate (00083), China Wangwang (00151) and China Shenhua (01088) were excluded. At present, the constituent stocks of Hang Seng Index maintain at 50. According to the announcement, Xiaomi group-w (01810), meituan review-w (03690) and alibaba-sw (09988) will be included in the constituent stocks of Hang Seng China enterprise index, and Sinopharm Holdings (01099) and CITIC Securities (06030) will be excluded. The number of constituent stocks remained at 50. In fact, as early as May 18 this year, Hang Seng Index company announced that it would allow enterprises with different rights in the same share and secondary listed companies to be included in the Hang Seng Index and the state-owned enterprise index, and the proportion of individual shares was set at 5%. In this way, Alibaba, meituan review and Xiaomi, the representative enterprises of the “new economy”, are expected to be included in the Hang Seng Index and the state-owned enterprise index as early as August this year. In view of the rapid development of innovation and new economy industries in the Hong Kong market, the Hang Seng Index Advisory Committee supports a comprehensive review of the registration of constituent stocks of the Hang Seng Index, including how to combine and select the constituent stocks, the number, weight, industry and geographical distribution of the constituent stocks. The purpose of this study is to ensure that the Hang Seng index will continue to be a Hong Kong stock market Field is representative and important index. < p > < p > let’s take a look at Alibaba’s latest share price in the Hong Kong stock market at HK $246.8, with a total market value of HK $5.30 trillion; meituan review’s share price is HK $219.8, with a total market value of HK $1.29 trillion; and Xiaomi group’s share price is HK $15.34, with a total market value of HK $369.8 billion. < p > < p > after this adjustment, the weight of Tencent Holdings (00700), the original technology stock of Hang Seng Index, will be reduced from 11.48% to 10%; the weight of newly added Alibaba Group will be 5%; and that of Xiaomi group will be 2.59%. < / P > < p > why meituan was not included in the HSI? A fund manager said, “the stability of earnings and cash flow needs to be considered for the inclusion of the HSI, and multiple quarters of positive growth are required. This may be the reason why meituan can not enter the HSI. However, if meituan is now in a positive increase and can maintain stability, it will increase the chances of being included. ” < p > < p > the fund manager interviewed several public and private fund managers. They were not surprised that the new economy company was included in the Hang Seng Index, and some of them also made relevant arbitrage. They believe that Ali, Xiaomi and meituan are included in the index, which makes the index more representative of the real situation of China’s economy and is conducive to the development of the Hong Kong stock market. < / P > < p > the general manager of a medium-sized private placement in Shanghai said that this increased the technology content and new economy content of the Hang Seng Index. “In the past, the weight of banks was relatively high, and the traditional economic elements were dominant. In recent years, the index has been going down, but Ali and Xiaomi are in a good momentum. If they are included, the HSI will be more representative of the economy in the future.” < / P > < p > a 10 billion private investment manager believes that one is to make it more compatible with the economic structure. In the past, the financial assets of the Hang Seng Index and the state-owned enterprise index accounted for a high proportion, while only Tencent and other technology stocks accounted for a small proportion, which did not match the direction of economic development. After Ali and Xiaomi were included, they were more in line with the direction of economic transformation. Second, it can make the index more profitable, which is conducive to invigorating the market and reducing the index fluctuation. “In the long run, this is a good thing for Hang Seng Index, which is conducive to its development, and there will be more ETFs to track in the future.” According to a Hong Kong stock fund manager, on the one hand, a lot of ETF funds will buy them. The Hang Seng Index and the state-owned enterprise index have not performed well in the past year or two because they can not represent the Chinese economy very well. The target of China’s new economy is not in the index. Ali, meituan and Xiaomi have entered the index, making the index more diversified and more representative of the actual situation of China’s economy. “Because Ali and meituan are large cap stocks, there are small advantages in the short term, and there are passive funds in the short term. ETF will buy them, but in the medium and long term, it still depends on the fundamentals.” According to a small private equity manager in Shanghai, some passive index funds and ETFs need to be allocated passively, which is good for Ali and Xiaomi in the short term. However, meituan failed to enter the Hang Seng Index. The stock price may be under pressure on Monday and has risen too fast recently. < / P > < p > the chairman of a medium-sized private equity company in Beijing told Mr. fund, “we know that they will be included, and the researchers have studied it in advance. Because the Hang Seng Index has a mechanism of regular adjustment, Ali, Xiaomi and meituan are included in the event of high probability, so we have done relevant arbitrage.” < p > < p > Ali, Xiaomi and meituan entered the Hang Seng Index and Hang Seng state-owned enterprise index, which attracted market attention. For ordinary investors, in the future, they can enjoy the benefits by purchasing ETFs tracking the Hang Seng Index and the state-owned enterprise index. Investors also believe that the relevant indexes will have better performance in the future. < / P > < p > at present, the Hang Seng Index and the Hang Seng state-owned enterprise index are at a low level. Some tracking passive index funds are worthy of attention, including Huaxia Hang Seng ETF, southern Hang Seng ETF, e-fonda Hang Seng H-share ETF, southern Hang Seng enterprise ETF, Dacheng Hang Seng Index, Fuguo Hengsheng Chinese enterprise ETF, etc. < / P > < p > the fund has checked and found that the Hang Seng Index of Hong Kong is tracked by Hang Seng ETF, Hang Seng ETF, Hang Seng ETF, Hang Seng Index. < / P > < p > tracking the Hang Seng China enterprise index are e-fund Hang Seng H-share ETF link, Ping An Hong Kong stock connect Hang Seng China enterprise, CCB Hong Kong stock connect Hang Seng China enterprise, southern Hang Seng H-share link, Fuguo Hang Seng China enterprise ETF, e-fund Hang Seng H-share ETF and southern hang Seng China enterprise ETF.