On May 20, Hang Seng Index Company announced the results of the quarterly inspection, including SMIC and 4 companies in the Hang Seng Index. Excluding AAC Technology, the number of constituent stocks will increase from 66 to 69 ; NIO Group will be included in the Hang Seng Technology Index, excluding ASM Pacific Technology, and the number of constituent stocks will remain 30.
Recently, SMIC released its first-quarter unaudited results. SMIC's revenue in the first quarter was US$1.84 billion, a year-on-year increase of 66.9%; gross profit in the first quarter of 2022 was US$750 million, a year-on-year increase of 200.0%.
NIO was successfully listed on the Singapore Exchange main board today and officially started trading with the stock code "NIO" (Class A shares can be completely converted with their American depositary shares listed on the New York Stock Exchange). This marks that NIO has become the world's first car company to be listed in three places, and it is also the first Chinese company to be listed in New York, Hong Kong and Singapore at the same time.
Hang Seng Index is an important indicator of Hong Kong stock market price. The index is calculated from the market value of several constituent stocks (i.e., blue-chip stocks), representing 63% of the 12-month average market value coverage rate of all listed companies on the Hong Kong Stock Exchange. The Hang Seng Index is calculated and reviewed quarterly by Hang Seng Index Co., Ltd., a subsidiary of Hang Seng Bank, and announced the adjustment of constituent stocks.
