Hang Seng Index Company: The Hang Seng Index is expected to record the best annual performance since 2017, and the financial industry is the industry that contributed the most

The Zhitong Finance App learned that on December 17, Hang Seng Index published an article stating that 2025 is expected to be one of the years with the best performance of the Hang Seng Index (Hang Seng Index) in the past 10 years. As factors such as record capital inflows from Hong Kong Stock Connect, expectations for the future development of artificial intelligence, and interest rate cuts boosted the market atmosphere, the Hang Seng Index rose 18% in 2024, and the upward momentum continued until 2025. As of December 12, 2025, the Hang Seng Index recorded a 29% increase since the beginning of the year, mainly driven by the financial sector, IT, and non-essential consumer goods. As 2025 comes to an end, the Hang Seng Index is expected to record its best annual performance since 2017 (+36%).

The Hang Seng Index was launched in November 1969. Today, it has become a globally recognized benchmark for the Hong Kong stock market and has a complete product ecosystem. As of the end of November 2025, there were 16 exchange-traded products (ETP) tracking the Hang Seng Index, with a total asset management value (AUM) of US$23.5 billion. In addition to this, the Hang Seng Index has further expanded its market coverage over the past few years, adding 6 constituent stocks this year. The number of constituent stocks rose to 89 after the latest index review changes came into effect on December 8, 2025, steadily moving towards reaching its target of 100 constituent stocks.

Hang Seng Indices said that the financial sector is the biggest contributor to the Hang Seng Index this year. From the beginning of this year until December 12, the Hang Seng Index rose 5,917 points, or 29%, to close at 25,976 points. It is worth noting that the upward trend since this year has been widespread, and all 12 HSICS industries have recorded positive contributions. Among them, three industries clearly showed up, accounting for 79% of the increase in the index. The financial sector contributed 2,389 points, equivalent to 40% of the increase in the index, making it the industry that contributed the most during the period. This was followed by the IT industry and non-essential consumer goods, which contributed 22% and 16% respectively to the increase in the index.

At the component level, Alibaba-W (09988) is the biggest contributor, driving the Hang Seng Index up 1,332 points or 23% of the overall increase since this year. The next major drivers came from HSBC Holdings (00005) and Tencent (00700), which contributed 14% and 13% respectively to the increase. As of December 12, 2025, the combined impact of the top ten contributors to the Hang Seng Index was 4,569 points, equivalent to 77% of the year-to-date increase.