---
title: "$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more"
description: "$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more than Hong Kong’s domestic fundamentals. Its performance is increasingly driven by mainland policy f"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/100000000409176.md"
published_at: "2026-01-20T02:35:55.000Z"
author: "[Canyon](https://longbridge.com/en/profiles/21477723)"
---

# $Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more

$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more than Hong Kong’s domestic fundamentals. Its performance is increasingly driven by mainland policy follow-through, earnings durability in platform and financial stocks, and cross-border capital flows via Stock Connect. Valuation alone is no longer a catalyst; sustained upside depends on whether policy support translates into real profit recovery and renewed confidence from long-term global investors.

### Related Stocks

- [00HSI.HK - Hang Seng Index](https://longbridge.com/en/quote/00HSI.HK.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.