Hong Kong's HSI adds Pop Mart, JD Logistics, China Telecom, removes J&T Global Express.

Hang Seng Indexes Co. has added Pop Mart International Group, JD Logistics, and China Telecom to its Hong Kong stock benchmark, bringing the total number of members to 88. Pop Mart will also be included in the Hang Seng China Enterprises Index, while J&T Global Express will be removed. The changes will take effect on Sept. 8. Inclusion in the HSI is closely watched as a signal for companies that have excelled across key metrics, and can attract investments from index-tracking funds.

Hang Seng Indexes Co. has expanded its Hong Kong stock benchmark by adding Pop Mart International Group, JD Logistics, and China Telecom Corp. to the Hang Seng Index (HSI), increasing the total number of members to 88. The changes, announced following a quarterly review, will take effect on Sept. 8 [2].

Pop Mart, a prominent doll-maker, has seen its market capitalization more than triple this year due to strong demand for its toys and figurines. The company's inclusion in the HSI is a recognition of its significant growth and market presence [1].

JD Logistics, a logistics company, and China Telecom, a telecommunications provider, have also been added to the index. JD Logistics has gained attention for its role in the e-commerce sector, while China Telecom has been a key player in the telecommunications industry. Both companies have shown strong performance and are expected to attract further investment from index-tracking funds [2].

The quarterly review is closely watched as it indicates which listed companies have excelled across key metrics such as market capitalization and turnover. Inclusion in the HSI can significantly boost investment from index-tracking funds, particularly given the increasing appetite of mainland investors for Hong Kong-listed stocks [1].

Pop Mart's addition to the Hang Seng China Enterprises Index (HSCEI) further underscores its importance in the Hong Kong market. Meanwhile, J&T Global Express Ltd. will be removed from the HSCEI, maintaining the index's total number of constituents at 50 [2].

The expansion of the HSI to 100 constituents is an ongoing goal, but the index committee has shown a cautious approach to this expansion. Analysts predict that the index will continue to add new members to ensure adequate representation across different industry groups [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-08-21/pop-mart-health-care-stocks-lead-hang-seng-index-contenders
[2] https://www.bloomberg.com/news/articles/2025-08-22/pop-mart-jd-logistics-china-telecom-to-join-hang-seng-index