105 views
Photo by Alina Grubnyak via Unsplash.

Hang Seng Indexes makes changes to industry classification system

Four new sub sectors have been established, for a total of 105 subsectors.

Hang Seng Indexes Company (HSIL) has changed its Hang Seng Industry Classification System (HSICS) based on feedback received on consultations between December 2023 and January 2024.

The new HSICS consists of 12 industries, 31 sectors, and 105 subsectors.

Notable changes include the splitting of e-commerce and internet services sub sectors under the information technology industry. 

A total of four new sub sectors were established: Internet Services and Infrastructure under teh Software & Services sector; Online Retailers under the Specialty Retail sector; Interactive Media and Services sub-sector under the Media & Entertainment sector; and Payment Services subsector under the Other Financials sector.

HSIL has also modified the definition of the Application Software subsector and the new Digital Solutions subsector. 

ALSO READ: HKMA warns of longer period of high HK dollar interbank rates

Companies that provide application stacks and software models delivering through both onpremises and cloud will be moved into Application Software subsector under the new definition, HSIL said.

Proposed changes will be implemented in the index review for the period ended 30 June 2024. Any company reclassification and changes will be effective beginning the September 2024 index rebalancing. 

Follow the links for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

HK leads in business confidence index in GBA
However, the current performance index for business activity dropped to 50.6 from 54.1.
Economy
EMSD rolls out Green Welfare NGOs scheme applications
First batch applications will open on 14 October, whilst second batch opens on 30 November.
Hang Seng indexes to include Alibaba-W
This move further enhances mainland Chinese investors' access to its shares.