China National Heavy Duty Truck (Hong Kong) Co., Ltd. (3808.HK) has recently been added as a constituent stock to the Hong Kong Hang Seng Index, with the change taking effect on March 10th. This inclusion marks a significant milestone for the company, highlighting its growing influence in the Hong Kong financial market. The Hang Seng Index that includes Sinotruk is part of two major index series: the Hang Seng Composite Index (HSCI) and the Hang Seng Index of Exchange (HSFI). Together, these series cover six different indices. The HSCI series includes the Hang Seng Composite Index, the Hang Seng Mainland Composite Index, the Hang Seng China Enterprises Index, and the Hang Seng China Enterprise Index - Industrial Products. Meanwhile, the HSFI series comprises the Hang Seng Circulation Composite Index and the Hang Seng Mainland Circulation Index. One key feature of the HSFI series is its use of a liquidity-adjusted market value weighting method. Each component stock is assigned a liquidity adjustment factor (FAF), which is reviewed every six months. For Sinotruk, the FAF is currently set at 35%, reflecting its relatively high trading volume and market liquidity. The Hang Seng Index, first published by the Hang Seng Bank on November 24, 1969, is one of the most influential and long-standing stock market indicators in Hong Kong. It uses July 31, 1964, as its base period, with an initial index value of 100. The index is calculated using a weighted average based on the number of shares issued by each constituent stock. Its design ensures stability, allowing it to remain reflective of overall market conditions even during periods of volatility. Since its inception, the Hang Seng Index has undergone several revisions. In August 1980, regulatory changes led to the merger of multiple exchanges into the Hong Kong Stock Exchange, streamlining the market structure. Today, only the Hang Seng Share Price Index and the newly introduced Hong Kong index are actively used, while other historical indexes have been phased out. This inclusion of Sinotruk in the Hang Seng Index underscores its strong performance and market presence, especially within the heavy-duty truck industry. With recent record-breaking sales, the company continues to solidify its position as a key player in the sector.

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