Hang Seng China Enterprises Index ETF
HSXUF
Other OTC- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 83 Des Voeux Road Central Hong Kong Hong Kong
- IPO Date
- Dec 31, 2007
- Similar Companies
- Business
- Hang Seng China Enterprises Index ETF (HSXUF) is an exchange-traded fund that seeks to replicate the performance of the Hang Seng China Enterprises Index (HSCEI) before expenses, focusing on large-cap H-shares of Chinese companies listed on the Stock Exchange of Hong Kong (SEHK); the fund employs a full replication strategy by investing in substantially all index constituents, including major holdings such as Tencent Holdings Limited, Alibaba Group Holding Limited, China Construction Bank Corporation, and Xiaomi Corporation, across sectors like financials, information technology, consumer discretionary, and energy according to the Hang Seng Industry Classification System. Launched on November 19, 2003, and listed under ticker 2828 on the SEHK (with OTC ticker HSXUF), the ETF is managed by Hang Seng Investment Management Limited, a wholly-owned subsidiary of Hang Seng Bank Limited incorporated in Hong Kong in 1993 and headquartered there, providing passive investment exposure to China equity markets for institutional and retail investors primarily in Asia. The fund distributes income and maintains assets under management of approximately HKD 27.56 billion as of recent data, with an expense ratio of 0.66%, and operates with a focus on companies having significant business exposure to Mainland China. In recent developments, the ETF continues to benefit from expanded eligibility under the HKEX Stock Connect program, with criteria relaxed in July 2024 to include more products for Northbound and Southbound trading, enhancing cross-border accessibility between Hong Kong and Mainland China exchanges as of January 2025. Hang Seng Investment Management, the issuer, launched the Hang Seng JPMorgan US Equity Premium Income Active ETF in July 2025 in partnership with J.P. Morgan Asset Management, marking its entry into active ETFs and global collaborations while reinforcing its position as Hong Kong's largest ETF manager by AUM. Additionally, routine quarterly rebalances of the underlying HSCEI and related indexes, such as the Hang Seng HKEX Stock Connect China Enterprises Index, occurred in 2025, including changes effective December 8, 2025, to maintain coverage of 80 large-cap constituents eligible for Stock Connect trading, amid ongoing Mainland-Hong Kong ETF cross-listing and mutual recognition schemes. The ETF was renamed from Hang Seng H-Share Index ETF to its current name effective March 5, 2018, reflecting alignment with the HSCEI benchmark provided by Hang Seng Indexes Company Limited.