The Hang Seng Index (HSI) was established by the Hang Seng bank – which is itself one of the constituents of the index – in an effort to create the equivalent of a Dow Jones Index for Hong Kong. Its value was set at 100 points based on the market close on July 31, 1964, though the index was not officially published until 1969.
It is made up of the 50 largest companies listed on the Hong Kong Stock Exchange and is a capitalisation-weighted index, meaning the component companies are each given a weighting relative to their market value. The combined value of the index was around $US3.3 trillion in 2021.