恆指公司:三家W股公司納入選股範圍基本達標 強調仍須視乎未來數月表現
恆生指數有限公司董事兼研究及分析主管黃偉雄出席電台節目指,自2018年港交所(00388.HK)引入同股不同權企業,市場上有不少討論,當時恆指公司已即時處理,而諮詢主要圍繞企業是否適合納入綜合指數。經過兩年,市場開始討論相關企業是否適合納入恆指,而諮詢結果顯示九成人士認為同股不同權及第二上市公司應納入恆指選股範圍,但就有一半人士認為應設限,故將權重上限訂於5%水平。
恆指成份股一直維持50隻,他指出之前恆指原先是33隻,但於2016年時加入H股,而當時亦預料會有大量H股來港上市,故將成份股數目增至50隻。至於是否要增加恆指成份股數目,他指出現時未聽到市場有相關意見,強調選擇恆指成份股原則很清晰,而諮詢結果亦顯示九成人認為市場代表性很重要,包括是市值及成交等,以及能否反映香港整體行業分布,會不斷監測研究是否需要改變。
至於三家同股不同權公司(W股)阿里(09988.HK)、美團(03690.HK)及小米(01810.HK)是否符合納入選股範圍,黃偉雄指一般而言要求最少上市兩年,但市值如達市場首五位,則最快上市3個月可獲納入,意味市值需達1萬億左右,倘市值在市場6-15位,則最快上市半年可獲納入,他指出下次檢討數據將截到今年6月底,屆時亦要參考公司上市後的每月平均數據,由於部分上市時間不久,故未來三個月的表現仍有可能帶來影響,不過套用現時數據來看基本上應該都達標,而最終是否納入亦要經計分機制決定。
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