The Hang Seng Index Company and SZSE Information Technology jointly launched the Greater Bay Area Consumption Index

The Hang Seng Index Company and SZSE Information Technology launched the Greater Bay Area Consumption Index (SZHKCON), aimed at tracking the performance of daily consumer goods manufacturing and service companies in the Greater Bay Area. The index covers Shenzhen A-shares and Hong Kong-listed securities traded under the connectivity scheme, with a fixed number of 50 constituent stocks, reviewed every six months and adjusted quarterly. Despite China's consumption growth, consumption accounted for only 40% of GDP in 2024, lower than the average level of 73% in major countries, indicating that there is still room for market growth. The retail sales of consumer goods in the 11 cities of the Greater Bay Area account for 8.8%