Hong Kong-listed Mainland-listed Cross-market

-9.9%

-13.4%

-16.9%

HSI

HSCEI

HSTECH

1 month change

Highlights

• The Hong Kong market dropped in July with tech stocks plunge on the rising concerns of regulatory clampdowns. Month-on-month ('MoM'), the Hang Seng Index (‘HSI’) and the Hang Seng China Enterprises Index (‘HSCEI’) dropped by 9.9% and 13.4% respectively, with their corresponding HSI Volatility Index ('VHSI') and HSCEI Volatility Index ('VHSCEI') surged 56% and 83%, respectively, to 25 and 31.

• The Hang Seng TECH Index, which tracks major technology players listed in Hong Kong, fell by 16.9% MoM.

• The Hang Seng Stock Connect China 500 Index, which reflects the overall performance of the 500 largest listed companies in Hong Kong and/or mainland China, fell by 9.5% MoM. The Hang Seng Stock Connect China A 300 Index, which measures the performance of the top 300 largest A-share stocks, fell by 7.8% MoM.

• Among the Hang Seng Composite Index sectors, Materials was the best performer (+12.9% MoM), while Information Technology fared the worst (-19.4% MoM).

• Within the ESG Indexes Series, the Hang Seng Corporate Sustainability Index was the best performer (-2.3% MoM) in the Hong Kong market, while the Hang Seng (China A) Corporate Sustainability Index was the best performer (-1.0% MoM) in the Mainland / Cross market.

• In the universe of thematic indexes, the Hang Seng REIT Index was the best performer (+0.3% MoM) in the Hong Kong market, while the Hang Seng Shanghai-Shenzhen-Hong Kong NextGen Communications Index was the best performer (+3.4% MoM) in the Mainland / Cross market.

• For the newly launched Hang Seng Smart Beta Index Series, the parent index Hang Seng Large-Mid Cap (Investable) Index was down by 11.0% MoM in July. Within this universe, the Hang Seng Smart Beta Select Index, which captures exposure to the 'Momentum' factor, delivered the best performance, declining by 7.9% MoM compared with -8.0% MoM for its corresponding Comprehensive Index.

• The Hang Seng Stock Connect Greater Bay Area Composite Index decreased by 8.9% MoM. For the sub-indexes that measure performance by market, region, industry, and thematic/factor & strategy, the respective outperformers were Hong Kong (-8.3% MoM), Hong Kong (-3.1% MoM), Industrials (+1.5% MoM) and Innovation Top 50 (-5.0% MoM).

• As at 31 July, assets under management (‘AUM’) in products passively tracking indexes in the Hang Seng Family of Indexes was about US$40.1 billion (-8.4% MoM). AUM in exchange-traded products linked to the HSI, HSCEI and HSTECH were US$20.6 billion (-8.4% MoM), US$4.3 billion (-17.3% MoM) and US$4.3 billion (-8.5% MoM) respectively.

-7.8%

-10.8%

-10.9%

Hang Seng Stock ConnectChina A 300

Hang Seng China A IndustryTop

Hang Seng China A Top100

1 month change

-8.9%

-9.5%

-14.1%

Hang Seng Stock ConnectGreater Bay Area

Composite

Hang Seng Stock ConnectChina 500

Hang Seng China 50

1 month change

Jul 2021

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Point Change Contribution (1 month)

Hang Seng Index (HSI)/

HSI Volatility Index (VHSI)

Hang Seng China Enterprises Index (HSCEI)/

HSCEI Volatility Index (VHSCEI)

Hang Seng Index (HSI) -

Historical Dividend Yield and PE Ratio

10

15

20

25

30

35

20,000

23,000

26,000

29,000

32,000

35,000

VH

SI

HS

I

HSI VHSI

10

15

20

25

30

35

40

45

8,000

9,000

10,000

11,000

12,000

13,000

VH

SC

EI

HS

CE

I

HSCEI VHSCEI

2.0

2.5

3.0

3.5

4.0

4.5

5.0

6

8

10

12

14

16

18

20

Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21

Div

idend Y

ield

PE

PE Ratio Dividend Yield

Point change % change Point change % change Point change % change

Hang Seng Index -2,866.9 -9.9% Hang Seng China Enterprises Index -1,430.2 -13.4% Hang Seng TECH Index -1,374.4 -16.9%

Top Contributor Top Contributor Top Contributor

0388.HK HKEX 90.8 0981.HK SMIC 16.7 0981.HK SMIC 51.1

0175.HK GEELY AUTO 18.8 2688.HK ENN ENERGY 14.0 1347.HK HUA HONG SEMI 11.3

0002.HK CLP HOLDINGS 14.8 0175.HK GEELY AUTO 10.3 2518.HK AUTOHOME-S -2.3

0003.HK HK & CHINA GAS 14.6 1211.HK BYD COMPANY 6.0 6690.HK HAIER SMARTHOME -3.8

0066.HK MTR CORPORATION 11.3 9633.HK NONGFU SPRING 2.9 6060.HK ZA ONLINE -4.5

* Note: The contributions shown are in index point.

Top Performer Top Performer Top Performer

0388.HK HKEX 7.2% 0981.HK SMIC 13.6% 1347.HK HUA HONG SEMI 14.3%

0101.HK HANG LUNG PPT 6.6% 2688.HK ENN ENERGY 9.9% 0981.HK SMIC 13.6%

0066.HK MTR CORPORATION 6.5% 0175.HK GEELY AUTO 6.1% 6690.HK HAIER SMARTHOME -1.8%

0175.HK GEELY AUTO 6.1% 1211.HK BYD COMPANY 2.9% 2382.HK SUNNY OPTICAL -4.2%

0006.HK POWER ASSETS 5.4% 9633.HK NONGFU SPRING 2.7% 6060.HK ZA ONLINE -4.3%

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Hang Seng Composite Index and Related Index SeriesHang Seng Composite Index (HSCI) - Industry Indexes Hang Seng Composite Index - Industry Weighting

*Note: Weightings may not add up to 100% due to rounding

Hang Seng Composite Index (HSCI) - Size Indexes Hang Seng Composite Index - Size Weighting

* Note: *Note: Weightings may not add up to 100% due to rounding

Energy, 1.9%

Materials, 1.4%

Industrials, 4.3%

Consumer Discretionary,

12.6%

Consumer Staples, 3.4%

Healthcare, 7.8%

Telecommunications, 2.3%

Utilities, 4.4%

Financials, 26.1%

Properties & Construction,

9.3%

Information Technology,

25.1%

Conglomerates, 1.4%

Large Cap, 78.6%

Mid Cap, 16.5%

Small Cap, 4.9%

Large Cap: Hang Seng Composite LargeCap Index

Mid Cap: Hang Seng Composite MidCap Index

Small Cap: Hang Seng Composite SmallCap Index

-11.2%

12.9%

3.6%

-0.8%

-5.1%

-5.5%

-8.9%

-10.0%

-11.3%

-11.3%

-12.8%

-16.7%

-19.4%

Materials

Utilities

Telecommunications

Conglomerates

Financials

Consumer Discretionary

Energy

HSCI

Industrials

Consumer Staples

Properties & Construction

Healthcare

Information Technology

1-month change

-9.9%

-11.4%

-12.3%

-11.2%

Mid Cap

HSCI

Large Cap

Small Cap

1-month change

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ESG Indexes - Hong Kong Market ESG Indexes - Mainland / Cross Market

Thematic Indexes - Hong Kong Market Thematic Indexes - Mainland / Cross Market

Strategic Indexes - Hang Seng Index Strategic Indexes - Hang Seng China Enterprises Index

ESG, Thematic and Strategic Indexes

-2.3%

-4.8%

-5.5%

-7.7%

-12.0%

Hang Seng Corporate Sustainability Index

Hang Seng ESG 50 Index

Hang Seng Corporate Sustainability BenchmarkIndex

HSI ESG Index

HSCEI ESG Index

1-month change

-1.0%

-2.4%

-4.5%

Hang Seng (China A) Corporate SustainabilityIndex

Hang Seng (Mainland and HK) CorporateSustainability Index

Hang Seng (China A) Corporate SustainabilityBenchmark Index

1-month change

0.3%

-8.6%

-10.8%

-11.5%

-11.9%

-16.5%

-17.9%

Hang Seng REIT Index

Hang Seng SCHK Mainland China Banks Index

Hang Seng Defensive Industries Index

Hang Seng SCHK China Technology Index

Hang Seng SCHK New Economy Index

Hang Seng Hong Kong-Listed Biotech Index

Hang Seng SCHK Mainland China HealthcareIndex

1-month change

3.4%

-2.6%

-3.8%

-7.8%

-12.1%

-12.3%

-12.9%

-14.9%

Hang Seng Shanghai-Shenzhen-Hong KongNextGen Communications Index

Hang Seng Stock Connect China NewInfrastructure Index

Hang Seng Shanghai-Shenzhen-Hong KongTechnology Select 50 Index

Hang Seng Shanghai-Shenzhen-Hong KongInnovative Drug Select 50 Index

Hang Seng China New Economy Index*

Hang Seng Stock Connect Biotech 50 Index

Hang Seng China A Defensive Industries Index

Hang Seng Shanghai-Shenzhen-Hong Kong E-Commerce Index

1-month change

9.7%

-8.5%

-9.2%

-10.2%

-19.6%

HSI Short Index

HSI Covered Call Index

Hang Seng Futures Index

Hang Seng Risk Adjusted Index - HSI 20%

HSI Leveraged Index

1-month change

*As of 30 Jul 2021

13.4%

-12.2%

-12.6%

-13.2%

-25.9%

HSCEI Short Index

HSCEI Covered Call Index

Hang Seng China Enterprises Futures Index

Hang Seng Risk Adjusted Index - HSCEI25%

HSCEI Leveraged Index

1-month change

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Smart Beta Indexes Series

Low Volatility Quality

Low Size Dividend Yield

Momentum Value

-11.0%

-8.0%-8.8% -8.9% -9.0% -9.0% -9.3%

-7.9% -8.3% -8.5% -8.5% -8.6% -8.8%

-12%

-10%

-8%

-6%

-4%

-2%

0%

Large-Mid Cap(Investable) Momentum Low Volatility Value Dividend Yield Quality Low Size

1 month change

Composite Comprehensive Select

-10%

0%

10%

20%

30%

40%1 year change

Large-Mid Cap (Investable) Comprehensive Select

-10%

0%

10%

20%

30%

40%1 year change

Large-Mid Cap (Investable) Comprehensive Select

-10%

0%

10%

20%

30%

40%1 year change

Large-Mid Cap (Investable) Comprehensive Select

-10%

0%

10%

20%

30%

40%1 year change

Large-Mid Cap (Investable) Comprehensive Select

-10%

0%

10%

20%

30%

40%1 year change

Large-Mid Cap (Investable) Comprehensive Select

-10%

0%

10%

20%

30%

40%1 year change

Large-Mid Cap (Investable) Comprehensive Select

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Hang Seng Stock Connect Greater Bay Area Composite Hang Seng Stock Connect Greater Bay Area Composite

Index - Region Weighting Index - Industry Weighting

*Note: Weightings may not add up to 100% due to rounding *Note: Weightings may not add up to 100% due to rounding

Market Indexes Region Indexes

* Note: Constituent selection is based on listing place. * Note: Constituent selection is based on headquarters or primary centre of operations.

Industry Indexes Thematic / Factor & Strategy Indexes

Hang Seng Stock Connect Greater Bay Area Index Series

-8.3%

-10.1%

Hong Kong

China A

1-month change

-8.9%

-3.1%

-9.0%

-12.2%

-13.6%

Hong Kong

Composite

Shenzhen-Dongguan-Huizhou

Macao-Zhuhai-Zhongshan-Jiangmen

Guangzhou-Foshan-Zhaoqing

1-month change

-8.9%

1.5%

-7.9%

-8.1%

-9.3%

-12.7%

-13.0%

Industrials

Information Technology

Financials

Composite

Consumer Goods

Consumer Services

Properties & Construction

1-month change

-8.9%

-5.0%

-5.3%

-8.6%

-9.5%

-10.1%

-11.6%

-12.0%

Innovation Top 50

New Economy

Infrastructure & Transportation

Composite

Quality Life

Region Top

High Dividend Yield

Quality Growth

1-month change

Industrials, 10.1%

Consumer Discretionary,

16.5%

Consumer Staples, 3.7%

Healthcare, 4.6%

Utilities, 2.5%

Financials, 34.5%

Properties & Construction,

12.3%

Information Technology,

13.4%

Other, 2.4%

Guangzhou-Foshan-

Zhaoqing, 13.7%

Hong Kong, 24.5%

Macao-Zhuhai-Zhongshan-

Jiangmen, 6.2%

Shenzhen-Dongguan-

Huizhou, 55.6%

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Change

Index Name 1-Month 3-Month 12-Month YTD

Hang Seng Index and its related indexes

Hang Seng Index -9.94% -9.62% 5.55% -4.66% 16.06 2.43%

Sub-Indexes

Hang Seng Index - Finance -4.72% -9.47% 11.54% -3.61% 10.10 3.82%

Hang Seng Index - Utilities 4.49% 4.84% 14.47% 14.24% 21.55 3.86%

Hang Seng Index - Properties -8.70% -9.90% 0.77% -0.92% 13.68 4.27%

Hang Seng Index - Commerce & Industry -14.20% -10.22% 0.43% -6.93% 27.50 1.09%

Short & Leveraged

HSI Short Index 9.70% 7.77% -11.20% 0.15% - -

HSI 2x Short Index 19.38% 14.77% -24.26% -2.49% - -

HSI 1.25x Leveraged Index -12.39% -12.05% 6.30% -6.22% - -

HSI Leveraged Index -19.60% -19.33% 6.94% -11.70% - -

HSI 1.2x Leveraged KRW-converted Monthly Reset ER Index -12.13% -11.79% 5.48% -5.99% - -

Currency Hedged

HSI EUR Hedged Index -10.01% -9.81% 4.18% -5.25% - -

HSI GBP Hedged Index -9.83% -9.52% 4.59% -4.83% - -

HSI JPY Hedged Index -9.87% -9.59% 4.92% -4.88% - -

HSI KRW Hedged Index -10.09% -9.77% 5.15% -4.81% - -

HSI RMB Hedged Index -9.58% -8.74% 8.66% -2.82% - -

HSI EUR Daily Hedged Index -9.99% -9.81% 4.41% -5.21% - -

Strategy

Hang Seng Equal Weighted Index -7.97% -5.67% 8.10% 1.43% 15.09 3.28%

HSI Quanto HKDKRW Adjusted Index -10.02% -9.76% 4.93% -5.03% - -

HSI Covered Call Index -8.54% -6.02% -0.90% -4.83% - -

HSI 5% OTM Covered Call Index -9.68% -8.95% 6.78% -2.80% - -

Derivatives

HSI Volatility Index 56.38% 48.79% 5.86% 30.34% - -

Hang Seng Futures Index -9.22% -8.31% 7.97% -2.98% - -

Hang Seng Futures RMB FX Index -9.06% -8.15% 16.76% -2.15% - -

Risk Adjusted

Hang Seng Risk Adjusted Index - HSI 20% -10.21% -8.98% 7.35% -3.22% - -

Hang Seng Risk Adjusted Index (ER) - HSI 20% -10.22% -9.01% 7.02% -3.34% - -

Hang Seng China Enterprises Index and its related indexes

Hang Seng China Enterprises Index -13.41% -14.71% -8.04% -14.02% 12.56 2.67%

Short & Leveraged

Hang Seng China Enterprises Futures Short Index 13.23% 13.57% 2.02% 10.18% - -

Hang Seng China Enterprises Futures 2x Leveraged Index -24.40% -25.64% -14.88% -24.66% - -

HSCEI Short Index 13.38% 13.24% 1.12% 10.09% - -

HSCEI 2x Short Index 27.16% 26.31% -2.46% 17.11% - -

HSCEI Leveraged Index -25.93% -28.42% -19.44% -28.67% - -

HSCEI TR 2x Leveraged Index -24.85% -25.55% -15.02% -25.63% - -

HSCEI 1.2x Leveraged KRW-converted Monthly Reset ER Index -16.35% -17.91% -10.71% -17.09% - -

Currency Hedged

HSCEI EUR Hedged Index -13.48% -14.89% -9.08% -14.49% - -

HSCEI GBP Hedged Index -13.25% -14.56% -8.63% -14.05% - -

HSCEI JPY Hedged Index -13.31% -14.65% -8.59% -14.22% - -

HSCEI KRW Hedged Index -13.61% -14.91% -8.40% -14.17% - -

HSCEI RMB Hedged Index -13.05% -13.84% -5.19% -12.29% - -

HSCEI EUR Daily Hedged Index -13.46% -14.89% -9.02% -14.52% - -

Strategy

Hang Seng China Enterprises Equal Weighted Index -12.47% -14.25% -3.84% -10.66% 10.82 3.17%

Hang Seng China Enterprises Smart Index -13.39% -14.62% -7.91% -13.90% 12.35 2.77%

HSCEI Quanto HKDKRW Adjusted Index -13.51% -14.85% -8.60% -14.40% - -

HSCEI Covered Call Index -12.20% -11.35% -8.12% -10.91% - -

HSCEI 5% OTM Covered Call Index -13.01% -13.89% -6.93% -12.64% - -

HSCEI Daily Reset ER Index -13.42% -14.74% -8.32% -14.12% - -

HSCEI KRW-converted Daily Reset ER Index -13.50% -14.85% -8.78% -14.44% - -

HSCEI NTR KRW-converted Daily Reset 3.25% Decrement ER Index -13.16% -13.99% -9.14% -14.28% - -

HSCEI Futures KRW Hedged 3.4% Decrement Index (TR) -13.06% -14.10% -9.56% -13.81% - -

HSCEI NTR KRW Hedged 400 Points Decrement Index -13.34% -14.19% -9.38% -13.62% - -

Derivatives

HSCEI Volatility Index 83.13% 72.29% 27.40% 53.98% - -

Hang Seng China Enterprises Futures Index -12.58% -13.15% -5.84% -11.88% - -

Hang Seng China Enterprises Futures RMB FX Index -12.43% -12.99% 1.84% -11.11% - -

Risk Adjusted

Hang Seng Risk Adjusted Index - HSCEI 25% -13.22% -13.52% -6.13% -12.70% - -

Hang Seng Risk Adjusted Index (ER) - HSCEI 25% -13.23% -13.56% -6.42% -12.80% - -

PE Ratio

(Times)

Dividend

Yield

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Change

Index Name 1-Month 3-Month 12-Month YTD

PE Ratio

(Times)

Dividend

YieldHang Seng TECH Index and its related indexes

Hang Seng TECH Index -16.85% -18.43% -5.23% -19.52% 126.45 0.34%

Short & Leveraged

HSTECH Futures 2x Short Index 31.66% 32.00% - 13.22% - -

HSTECH Futures 2x Leveraged Index -31.52% -35.05% - -39.35% - -

HSTECH Short Index 17.08% 17.92% -8.28% 13.01% - -

HSTECH 2x Leveraged Index -32.70% -35.94% -22.01% -41.12% - -

HSTECH 2x Short Index 33.66% 34.11% -26.67% 16.45% - -

HSTECH TR 2x Leveraged Index -32.50% -35.60% -21.44% -40.80% - -

Derivatives

HSTECH Futures Index -16.13% -17.80% - -18.30% - -

Hang Seng Composite Index and its related indexes

Hang Seng Composite Index -11.20% -11.50% 7.48% -6.76% 17.84 2.49%

Industry Sub-Indexes

Hang Seng Composite Industry Index - Energy -9.96% -4.73% 7.52% 10.73% 11.53 7.21%

Hang Seng Composite Industry Index - Information Technology -19.36% -21.43% -5.41% -21.01% 43.23 0.27%

Hang Seng Composite Industry Index - Conglomerates -5.13% -9.28% 14.68% 10.69% 8.75 4.36%

Hang Seng Composite Industry Index - Materials 12.87% 5.50% 78.48% 30.30% 22.13 1.64%

Hang Seng Composite Industry Index - Industrials -11.26% -4.57% 37.68% 3.06% 14.57 3.21%

Hang Seng Composite Industry Index - Consumer Discretionary -8.93% -2.54% 45.22% 0.92% -431.76 0.90%

Hang Seng Composite Industry Index - Consumer Staples -11.32% -11.61% -7.55% -17.93% 23.77 1.95%

Hang Seng Composite Industry Index - Healthcare -16.69% -6.47% 13.16% 1.87% -184.97 0.43%

Hang Seng Composite Industry Index - Telecommunications -0.79% -6.52% -9.03% 5.67% 10.12 6.17%

Hang Seng Composite Industry Index - Utilities 3.59% 4.73% 18.78% 12.47% 16.25 4.65%

Hang Seng Composite Industry Index - Financials -5.46% -9.68% 10.56% -3.36% 9.59 3.95%

Hang Seng Composite Industry Index - Properties & Construction -12.77% -15.78% -9.65% -6.67% 8.85 5.06%

Size Sub-Indexes

Hang Seng Composite LargeCap Index -11.40% -12.23% 5.08% -8.30% 17.77 2.35%

Hang Seng Composite MidCap Index -9.90% -8.21% 18.08% -1.63% 18.09 3.13%

Hang Seng Composite SmallCap Index -12.27% -10.56% 12.52% 2.20% 18.08 2.63%

Hang Seng Composite LargeCap & MidCap Index -11.14% -11.54% 7.21% -7.20% 17.83 2.48%

Hang Seng Composite MidCap & SmallCap Index -10.45% -8.76% 16.79% -0.79% 18.09 3.02%

Hang Seng Large-Mid Cap (Investable) Index -11.04% -10.82% 4.53% -5.56% 17.22 2.52%

Hang Seng Small Cap (Investable) Index -12.46% -10.74% 14.58% 4.09% 16.69 2.63%

Foreign Companies

Hang Seng Foreign Companies Composite Index -4.35% -4.40% 43.39% 1.54% -17.63 1.08%

Region-focused Indexes

Mainland-focused

Hang Seng China A (Investable) Index -5.44% -1.56% 5.05% -2.37% 21.70 1.54%

Hang Seng China A Industry Top Index -10.77% -12.78% -0.96% -15.40% 14.85 2.51%

Hang Seng China A Top 100 Index -10.90% -11.49% 0.81% -13.73% 12.65 2.66%

Hang Seng China 50 Index -14.14% -14.68% -0.84% -13.57% 12.24 2.59%

Hang Seng China New Economy Index -12.06% -10.41% 1.72% -11.77% 36.90 0.63%

Hang Seng China (Hong Kong-listed) 100 Index -14.18% -13.58% -4.86% -11.86% 13.80 2.62%

Hang Seng China (Hong Kong-listed) 25 Index -12.54% -12.47% -2.13% -10.84% 9.87 3.37%

Hang Seng China-Affiliated Corporations Index -10.19% -11.65% -10.63% -5.63% 8.09 6.19%

Hang Seng Mainland Banks Index -7.64% -11.10% 6.63% -0.61% 4.69 7.03%

Hang Seng Mainland Oil & Gas Index -12.91% -3.93% 7.47% 11.74% 12.33 6.11%

Hang Seng Mainland Properties Index -19.15% -26.72% -28.83% -20.03% 4.94 6.31%

Hang Seng China H-Financials Index -9.44% -13.42% -1.81% -8.42% 5.55 6.26%

Hang Seng H-Fin Short Index 7.65% 8.92% -8.00% 0.94% - -

Hang Seng H-Fin 2x Short Index 15.44% 17.71% -19.39% -0.78% - -

Hang Seng H-Fin Leveraged Index -18.35% -25.69% -8.18% -18.40% - -

Hang Seng H40 Reference Index -6.33% -7.19% 4.40% -3.41% 7.35 5.02%

Hang Seng China A Innovative Enterprises Index -3.46% 7.21% 24.39% 13.14% 63.94 0.39%

Hang Seng China State-holding Enterprises Index -7.94% -9.11% 3.79% 0.03% 7.78 5.30%

Shanghai, Shenzhen and Hong Kong-focused

Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) 300 Index -10.65% -10.08% -0.63% -9.40% 19.30 1.64%

Shenzhen and Hong Kong-focused

Hang Seng Shenzhen Hong Kong Index -7.99% -8.93% -4.88% -6.33% 23.99 2.57%

Hang Seng Shenzhen Hong Kong Financials Index -8.40% -10.09% -1.68% -11.02% 13.51 2.63%

Hang Seng Shenzhen Hong Kong Consumption Index -6.33% -5.35% 7.57% -0.62% -1,460.89 0.94%

Hang Seng Shenzhen Hong Kong Real Estate Index -8.75% -14.20% -19.21% -10.89% 11.74 4.23%

Hang Seng Shenzhen Hong Kong Information Technology Index -9.14% -6.71% -8.59% -7.55% 29.34 1.01%

Hang Seng Shenzhen Hong Kong Infrastructure & Transportation Index -6.00% -7.97% 1.75% 1.26% 59.95 4.82%

Hong Kong-focused

Hang Seng HK 35 -4.23% -4.42% 25.54% 6.08% 36.11 2.41%

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Change

Index Name 1-Month 3-Month 12-Month YTD

PE Ratio

(Times)

Dividend

YieldStock Connect Indexes

Hang Seng Stock Connect China 500 Index -9.48% -7.99% 1.61% -7.20% 16.43 2.03%

Hang Seng Stock Connect China 80 Index -13.43% -13.19% -1.93% -13.14% 12.87 2.60%

Hang Seng Stock Connect China A 300 Index -7.80% -4.83% 6.51% -5.13% 18.43 1.75%

Hang Seng Stock Connect Hong Kong Composite Index -10.49% -10.19% 10.77% -4.40% 15.76 2.74%

Hang Seng SCHK ex-AH Companies Index -10.93% -10.26% 13.32% -3.44% 21.56 2.25%

Hang Seng SCHK HK Companies Index -4.83% -4.35% 26.72% 7.14% 36.98 2.50%

Hang Seng SCHK Mainland China Companies Index -12.42% -11.28% 6.84% -7.03% 12.01 3.09%

Hang Seng Stock Connect China AH (A) Index -6.95% -4.81% 3.71% -5.32% 10.68 3.18%

Hang Seng Stock Connect China AH (A+H) Index -6.32% -4.71% 11.95% -3.13% 9.63 3.68%

Hang Seng Stock Connect China AH (H) Index -6.05% -5.04% 14.06% 0.04% 8.46 4.43%

Hang Seng Stock Connect Hong Kong Index -10.25% -9.85% 11.78% -3.64% 15.31 2.79%

Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index -10.73% -8.73% 16.09% -1.13% 15.42 3.14%

Hang Seng Stock Connect Hong Kong SmallCap Index -12.50% -11.48% 13.89% 3.03% 16.97 2.58%

Hang Seng Stock Connect China AH Premium Index -0.71% 1.70% 2.19% -1.32% 9.57 3.68%

Hang Seng Stock Connect China AH Smart Index -6.25% -5.20% 13.61% -0.30% 8.40 4.46%

Hang Seng Stock Connect Sector Top Index -11.46% -13.34% -6.78% -14.49% 12.64 2.95%

Hang Seng SCHK Mainland China Banks Index -8.63% -11.94% 2.75% -1.65% 4.35 7.44%

Hang Seng SCHK Mainland China Healthcare Index -17.90% -14.88% -8.73% -4.98% 57.50 0.73%Hang Seng SCHK New Economy Index -11.86% -6.17% 20.67% -5.63% 44.49 0.75%Hang Seng SCHK China Technology Index -11.45% -7.86% 17.20% -3.05% 31.19 0.75%Hang Seng Stock Connect China A Top Shareholding 50 Index -11.59% -8.60% 13.36% -8.48% 24.11 1.40%

Hang Seng Stock Connect Hong Kong Top Shareholding 50 Index -9.45% -8.72% 10.21% -6.67% 12.14 2.98%

Greater Bay Area

Hang Seng Stock Connect Greater Bay Area Composite Index -8.88% -10.10% 0.07% -9.42% 18.21 2.06%

Hang Seng Stock Connect Hong Kong Greater Bay Area Index -8.33% -9.89% 11.78% -3.74% 20.02 2.39%

Hang Seng Stock Connect China A Greater Bay Area Index -10.08% -11.39% -2.32% -15.70% 15.86 1.94%

Hang Seng Stock Connect Greater Bay Area Hong Kong Index -3.06% -1.76% 15.00% 8.79% 27.80 3.41%

Hang Seng Stock Connect Greater Bay Area Shenzhen-Dongguan-Huizhou Index -9.00% -7.13% 2.68% -7.65% 16.86 1.74%

Hang Seng Stock Connect Greater Bay Area Guangzhou-Foshan-Zhaoqing Index -13.61% -16.46% -10.23% -16.22% 13.91 2.55%

Hang Seng Stock Connect Greater Bay Area Macao-Zhuhai-Zhongshan-Jiangmen Index -12.24% -17.19% -17.29% -12.75% 127.36 1.32%

Hang Seng Stock Connect Greater Bay Area Financials Index -8.09% -8.89% 2.18% -8.56% 14.47 2.79%

Hang Seng Stock Connect Greater Bay Area Information Technology Index -7.87% -4.94% -15.28% -10.70% 39.74 0.58%

Hang Seng Stock Connect Greater Bay Area Industrials Index 1.53% 9.91% 25.70% 8.78% 31.23 1.30%

Hang Seng Stock Connect Greater Bay Area Properties & Construction Index -12.95% -17.65% -15.52% -11.78% 8.78 4.92%

Hang Seng Stock Connect Greater Bay Area Consumer Goods Index -9.30% -8.46% 4.27% -11.85% 29.22 1.24%

Hang Seng Stock Connect Greater Bay Area Consumer Services Index -12.66% -15.09% -2.29% -5.19% -55.87 0.91%

Hang Seng Stock Connect Greater Bay Area New Economy Index -5.32% -2.80% 6.53% -4.49% 30.09 1.19%

Hang Seng Stock Connect Greater Bay Area Infrastructure & Transportation Index -8.60% -13.56% -10.15% -8.79% 48.75 3.23%

Hang Seng Stock Connect Greater Bay Area Quality Life Index -9.47% -9.51% 13.11% -6.73% 80.24 1.11%

Hang Seng Stock Connect Greater Bay Area Region Top Index -10.12% -14.46% -2.87% -13.40% 15.07 2.45%

Hang Seng Stock Connect Greater Bay Area Quality Growth Index -12.04% -13.27% 0.75% -9.77% 30.83 1.63%

Hang Seng Stock Connect Greater Bay Area Innovation Top 50 Index -4.98% -1.35% 7.29% 0.11% 38.37 0.79%

Hang Seng Stock Connect Greater Bay Area High Dividend Yield Index -11.60% -16.34% -9.47% -8.34% 5.68 7.20%

Factor Indexes

Hang Seng SCHK High Dividend Low Volatility Index -5.39% -9.80% 10.82% 3.14% 5.87 7.68%

Hang Seng SCHK Quality Growth Low Volatility Index -9.66% -11.57% 6.41% -8.93% 13.36 3.41%

Hang Seng SCHK High Dividend Yield Index -9.67% -13.38% 6.57% -0.73% 7.27 7.10%

Factor Indexes

Hang Seng High Beta Index -11.06% -5.84% 18.71% 4.55% 18.84 2.58%

Hang Seng High Dividend Yield Index -8.74% -13.99% 9.78% -1.81% 6.18 9.25%

Hang Seng Low Volatility Index -3.69% -7.44% 7.82% 3.65% 8.32 5.70%

Hang Seng China High Dividend Yield Index -9.82% -14.56% 3.50% -5.07% 5.35 9.31%

Hang Seng Mainland China Companies High Dividend Yield Index -12.48% -16.13% -1.32% -4.68% 5.49 7.53%

Hang Seng Large-Mid Cap Value Select Index -8.47% -8.73% 3.27% -5.15% 10.40 3.14%

Hang Seng Large-Mid Cap Value Comprehensive Index -8.93% -9.30% 4.19% -4.85% 10.65 3.34%

Hang Seng Large-Mid Cap Momentum Select Index -7.89% -7.09% 11.25% -3.02% 17.25 2.20%

Hang Seng Large-Mid Cap Momentum Comprehensive Index -8.02% -7.12% 11.14% -2.43% 16.73 2.35%

Hang Seng Large-Mid Cap Quality Select Index -8.64% -9.45% 6.72% -5.14% 15.80 2.25%

Hang Seng Large-Mid Cap Quality Comprehensive Index -9.01% -9.76% 6.22% -4.71% 14.87 2.51%

Hang Seng Large-Mid Cap Dividend Yield Select Index -8.50% -10.09% 3.83% -4.56% 10.54 3.56%

Hang Seng Large-Mid Cap Dividend Yield Comprehensive Index -8.99% -10.04% 4.80% -4.02% 10.34 3.73%

Hang Seng Large-Mid Cap Low Volatility Select Index -8.25% -9.60% 6.76% -5.21% 13.42 2.84%

Hang Seng Large-Mid Cap Low Volatility Comprehensive Index -8.83% -9.93% 5.80% -5.24% 12.97 3.01%

Hang Seng Large-Mid Cap Low Size Select Index -8.83% -9.21% 6.91% -5.37% 16.68 2.36%

Hang Seng Large-Mid Cap Low Size Comprehensive Index -9.28% -9.57% 5.93% -5.14% 13.96 2.90%

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Change

Index Name 1-Month 3-Month 12-Month YTD

PE Ratio

(Times)

Dividend

YieldHang Seng China A Value Select Index -7.24% -6.60% 1.67% -5.60% 13.90 2.37%

Hang Seng China A Value Comprehensive Index -6.43% -5.24% 1.08% -4.44% 15.34 2.18%

Hang Seng China A Momentum Select Index -6.70% -2.72% 8.78% -3.36% 21.96 1.48%

Hang Seng China A Momentum Comprehensive Index -6.30% -1.81% 7.45% -2.57% 22.11 1.48%

Hang Seng China A Quality Select Index -7.85% -4.92% 6.43% -5.83% 20.01 1.66%

Hang Seng China A Quality Comprehensive Index -6.97% -3.72% 5.03% -4.84% 20.61 1.63%

Hang Seng China A Dividend Yield Select Index -8.11% -7.92% 2.76% -7.60% 14.80 2.39%

Hang Seng China A Dividend Yield Comprehensive Index -6.94% -6.40% 2.22% -6.24% 15.95 2.20%

Hang Seng China A Low Volatility Select Index -7.75% -6.72% 3.92% -7.07% 16.38 2.04%

Hang Seng China A Low Volatility Comprehensive Index -7.17% -5.96% 2.57% -6.49% 17.08 1.98%

Hang Seng China A Low Size Select Index -5.43% -2.35% 2.85% -3.41% 20.55 1.55%

Hang Seng China A Low Size Comprehensive Index -4.91% -0.67% 1.26% -2.07% 21.40 1.59%

ESG Indexes

Hang Seng (China A) Corporate Sustainability Benchmark Index -4.50% -1.01% 18.57% 0.67% 15.36 2.08%

Hang Seng (China A) Corporate Sustainability Index -1.01% 6.00% 31.64% 6.77% 18.74 1.67%

Hang Seng (Mainland and HK) Corporate Sustainability Index -2.44% -0.27% 27.81% 5.36% 18.37 2.45%

Hang Seng Corporate Sustainability Benchmark Index -5.50% -6.64% 15.32% 1.32% 18.96 2.87%

Hang Seng Corporate Sustainability Index -2.31% -3.75% 18.15% 6.95% 22.84 3.14%

HSI ESG Index -7.67% -7.86% 9.73% -1.11% 17.24 2.66%

HSCEI ESG Index -12.04% -13.00% -4.70% -12.19% 13.50 2.53%

HSCEI ESG KRW Hedged Index -12.26% -13.22% -5.47% -12.44% - -

HSCEI ESG KRW-converted Daily Reset Index -12.11% -13.11% -5.14% -12.50% - -

HSCEI ESG NTR KRW Hedged 40 Points Decrement Index -12.21% -12.65% -6.38% -11.80% - -

Hang Seng ESG 50 Index -4.78% -6.68% 13.58% 0.79% 18.78 2.86%

Sector Indexes

Hang Seng Consumer Goods & Services Index -9.42% -4.66% 28.39% -4.12% 138.99 1.12%

Hang Seng Healthcare Index -16.68% -8.57% 6.35% 1.20% -141.52 0.51%

Hang Seng Internet & Information Technology Index -16.53% -18.43% -5.59% -18.48% 59.35 0.56%

Hang Seng REIT Index 0.25% 2.69% 19.62% 7.80% -7.02 5.25%

Hang Seng Hong Kong-Listed Biotech Index -16.50% -8.96% 14.36% 3.49% -123.46 0.50%

Hang Seng Property Service and Management Index -24.68% -21.57% -22.09% -7.53% 34.92 0.92%

Hang Seng New Consumption Index -12.01% -8.53% 19.18% -8.93% 60.09 0.77%

Hang Seng Stock Connect Biotech 50 Index -12.30% -10.12% -1.97% -1.96% 70.00 0.46%

Hang Seng Shanghai-Shenzhen-Hong Kong Innovative Drug Select 50 Index -7.78% -0.13% 8.07% 8.28% 68.72 0.43%

Hang Seng China A Defensive Industries Index -12.91% -11.83% 4.05% -9.76% 35.76 1.18%

Hang Seng Defensive Industries Index -10.84% -9.57% 6.17% -8.26% 26.26 1.78%Hang Seng Stock Connect China New Infrastructure Index -2.63% 10.21% 35.08% 10.18% 47.90 0.49%Hang Seng Shanghai-Shenzhen-Hong Kong E-Commerce Index -14.87% -20.81% -34.13% -25.78% 30.78 0.42%Hang Seng Shanghai-Shenzhen-Hong Kong NextGen Communications Index 3.38% 17.22% 9.05% 7.97% 29.40 1.16%Hang Seng Shanghai-Shenzhen-Hong Kong Clean Energy Index 12.21% 33.92% 85.62% 27.29% 38.15 1.02%Hang Seng Shanghai-Shenzhen-Hong Kong Autonomous and Electric Vehicles Index 9.72% 40.88% 113.40% 35.62% 71.19 0.40%Hang Seng Shanghai-Shenzhen-Hong Kong Technology Select 50 Index -3.80% 11.13% 11.46% 10.18% 54.99 0.47%Hang Seng Shanghai-Shenzhen-Hong Kong New Consumption Index - - - - 34.13 1.15%

Data source for all charts and tables: Hang Seng Indexes

All information as at 31 Jul 2021

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Disclaimer

All information contained herein is for reference only. Hang Seng Indexes Company Limited (“HSIL”) ensures the accuracy and reliability of the information contained herein to the best of its endeavours. However, HSIL makes no warranty or representation as to the accuracy, completeness or reliability of any of the information contained herein and accepts no liability (whether in tort or contract or otherwise) whatsoever to any person for any damage or loss of any nature arising from or as a result of reliance on any of the contents of this document, or any errors or omissions in its contents and such contents may change from time to time without notice.

HSI Volatility Index and HSCEI Volatility Index (the "Volatility Indexes") are published by HSIL, which has contracted with S&P Opco, LLC ("S&P") to maintain and calculate the Volatility Indexes. "Standard & Poor's" and "S&P" are trademarks of S&P and have been licensed for use by HSIL. "VIX®" is a trademark of Cboe Global Markets, Inc ("CBOE") and S&P has granted a license to HSIL, with permission from CBOE, to use such mark for purposes relating to the Volatility Indexes. The Volatility Indexes are not owned, sponsored, endorsed or promoted by S&P or CBOE and neither S&P nor CBOE makes any representation regarding the advisability of investing in products that are based on such Volatility Indexes or otherwiserelying on such Volatility Indexes for any purpose and neither S&P, CBOE nor HSIL shall have any liability for any errors or omissions in the Volatility Indexes or any values thereof.

Hang Seng Shanghai-Shenzhen-Hong Kong Clean Energy Index, Hang Seng Shanghai-Shenzhen-Hong Kong Autonomous and Electric Vehicles Index, Hang Seng Shanghai-Shenzhen-Hong Kong NextGen Communications Index and Hang Seng Shanghai-Shenzhen-Hong Kong E-Commerce Index (the "Indexes") are published by HSIL. HSIL has contracted with FactSet ("FactSet") to use the FactSet Revere Business Industry Classification System ("RBICS") data which forms part of the data included to maintain and calculate the Indexes. "FactSet" and "RBICS" are trademarks of FactSet and have been licensed for use by HSIL. The Indexes are not owned, sponsored, endorsed or promoted by FactSet and FactSet does not make any representation regarding the advisability of investing in products that are based on such Indexes or otherwise relying on such Indexes for any purpose and neither FactSet nor HSIL shall have any liability for any errors or omissions in the Indexes or any values thereof.

All information contained herein does not constitute any express or implied advice or recommendation by HSIL for any investments. Investment involves risks. Prospective investors should seek independent investment advice to ensure that any of their decisions is made with regard to their own investment objectives, financial circumstances and other particular needs. Prospective investors should also note that value of securities and investments can go down as well as up and past performance is not necessarily indicative of future performance.

© Hang Seng Indexes Company Limited 2021. All rights reserved.

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