13 November 2015

HANG SENG INDEXES ANNOUNCES INDEX REVIEW RESULTS

Hang Seng Indexes Company Limited (“Hang Seng Indexes”) today announced the
results of its review of the Hang Seng Family of Indexes for the quarter ended 30
September 2015. All changes will be effective on 7 December 2015 (Monday).

1. Hang Seng Index

There is no change to the constituents of the Hang Seng Index. The total number of
constituents is fixed at 50.

The list of constituents is provided in Appendix 1.

Index treatment with respect to the proposed merger of Cheung Kong Infrastructure
Holdings and Power Assets Holdings

Subject to the merger proposal of Cheung Kong Infrastructure Holdings and Power
Assets Holdings being approved and becoming unconditional, Cheung Kong
Infrastructure Holdings will replace Power Assets Holdings as a constituent of the Hang
Seng Index.

2. Hang Seng China Enterprises Index

The following constituent changes will be made to the Hang Seng China Enterprises
Index. The total number of constituents is fixed at 40.

Inclusion:
Code Company
1766 CRRC Corporation Ltd. - H Shares

Removal:
Code Company
358 Jiangxi Copper Co. Ltd. - H Shares

The list of constituents is provided in Appendix 2.

Changes in constituent companies of the HSCEI will also be applied to the Hang Seng
China Enterprises Smart Index.

more…
HANG SENG INDEXES ANNOUNCES INDEX REVIEW RESULTS/ 2

3. Hang Seng Composite LargeCap & MidCap Index

The following constituent changes will be made to the Hang Seng Composite LargeCap
& MidCap Index. The total number of constituents will increase from 279 to 280.

Inclusion:
Code Company Size Industry
3969 China Railway Signal & Communication MidCap Information
Corporation Ltd. - H Shares Technology

Following the constituent change above, the number of constituents in the Hang Seng
Composite Index will increase from 480 to 481.

Other Thematic Indexes

The Thematic Indexes in the Hang Seng Family of Indexes were also part of the index
review.

The review results of the Thematic Indexes have been released in a separate index
notice.

About Hang Seng Indexes Company Limited

The Hang Seng Family of Indexes is managed and compiled by Hang Seng Indexes Company Limited
(formerly HSI Services Limited), which is a wholly-owned subsidiary of Hang Seng Bank. The Hang
Seng Family of Indexes comprises a wide range of Flagship, Benchmark, Thematic, Strategy and Bond
indexes that cover stocks/bonds listed in Hong Kong/mainland China markets. For further information on
the Hang Seng Family of Indexes, please visit the company's website at www.hsi.com.hk.

About HSI Advisory Committee

Hang Seng Indexes Company Limited has appointed an independent advisory committee which meets
regularly to discuss matters pertaining to the indexes, including changes of constituents and the launch of
new indexes.

About Index Review

Hang Seng Indexes Company Limited conducts regular reviews of indexes in the Hang Seng Family of
Indexes. The review frequency of each index is on a quarterly, half-yearly or annual basis according to its
index methodology. Reviews will usually be completed within eight weeks after each calendar
quarter-end.
# End #
 Appendix 1
Hang Seng Index
Constituent Change (Effective 7 December 2015)
ADD REMOVE
Nil Nil

Index Information
Number of Constituents (Effective 7 December 2015): 50
Market Value Coverage Ratio* (As at 30 September 2015): 56.8%
Turnover Coverage Ratio* (Third Quarter of 2015): 48.9%

* The universe comprises Main Board primary listings excluding foreign companies

Constituent List (Assuming the rebalancing had been undertaken on 11 November 2015)
Weighting (%) *
Code Company Name FAF (%)^
Before After **
Finance 45.34 46.09
5 HSBC HOLDINGS 100 9.78 10.00
1299 AIA 100 7.63 7.73
939 CCB (H) 35 6.24 6.33
1398 ICBC (H) 85 4.78 4.85
3988 BANK OF CHINA (H) 95 3.76 3.81
388 HKEX 95 3.23 3.31
2318 PING AN (H) 70 3.17 3.22
2628 CHINA LIFE (H) 100 2.81 2.85
11 HANG SENG BANK 40 1.48 1.50
2388 BOC HONG KONG 35 1.24 1.26
3328 BANKCOMM (H) 25 0.67 0.67
23 BANK OF E ASIA 55 0.55 0.56
Utilities 5.01 5.08
2 CLP HOLDINGS 75 1.69 1.72
3 HK & CHINA GAS 60 1.48 1.49
6 POWER ASSETS 65 1.41 1.43
836 CHINA RES POWER 40 0.43 0.43
Properties 10.63 10.53
16 SHK PPT 50 1.91 1.94
1113 CK PROPERTY 70 1.89 1.91
823 LINK REIT 100 1.41 1.40
688 CHINA OVERSEAS 40 1.36 1.37
4 WHARF HOLDINGS 45 0.81 0.82
1109 CHINA RES LAND 40 0.79 0.80
#
12 HENDERSON LAND 30 0.85 0.65
17 NEW WORLD DEV 60 0.58 0.59
101 HANG LUNG PPT 50 0.56 0.57
83 SINO LAND 50 0.47 0.48
Commerce & Industry 39.03 38.30
700 TENCENT 60 11.13 10.00
941 CHINA MOBILE 30 7.52 7.62
1 CKH HOLDINGS 70 3.74 3.79
883 CNOOC 40 2.04 2.07
386 SINOPEC CORP (H) 100 1.81 1.83
857 PETROCHINA (H) 100 1.65 1.67
267 CITIC 25 1.39 1.41
1928 SANDS CHINA LTD 30 0.92 0.93
1044 HENGAN INT'L 65 0.87 0.88
27 GALAXY ENT 55 0.80 0.81
762 CHINA UNICOM 25 0.79 0.80
992 LENOVO GROUP 65 0.71 0.72
66 MTR CORPORATION 25 0.70 0.71
19 SWIRE PACIFIC A 65 0.69 0.70
1880 BELLE INT'L 80 0.65 0.66
151 WANT WANT CHINA 55 0.61 0.62
#
1088 CHINA SHENHUA (H) 100 0.56 0.59
2319 MENGNIU DAIRY 70 0.51 0.51
494 LI & FUNG 70 0.46 0.47
144 CHINA MER HOLD 50 0.44 0.45
322 TINGYI 35 0.33 0.33
135 KUNLUN ENERGY 40 0.27 0.27
293 CATHAY PAC AIR 30 0.24 0.24
291 CHINA RES BEER 50 0.23 0.23
Total 100.00 100.00
^
FAF is subject to change resulted from substantial capital change issues.
* Figures may not add up to totals due to rounding.
** The weighting changes reflect a re-capping of HSBC and TENCENT to 10%, and changes in FAF.
#
FAF changed in this review. New FAF will take effect on 7 December 2015.
(H): H-share company
 Appendix 2
Hang Seng China Enterprises Index

Constituent Change (Effective 7 December 2015)

ADD REMOVE
Code Company Name Code Company Name
1766 CRRC 358 JIANGXI COPPER

Constituent List (Assuming the rebalancing had been undertaken on 11 November 2015)
Weighting (%) *
Code Company Name FAF (%)^
Before After **
1398 ICBC 85 9.86 10.00
939 CCB 35 9.70 10.00
3988 BANK OF CHINA 95 9.54 10.00
2318 PING AN 70 8.68 8.51
2628 CHINA LIFE 100 7.69 7.53
386 SINOPEC CORP 100 4.95 4.85
857 PETROCHINA 100 4.50 4.41
#
3968 CM BANK 90 3.52 3.10
2601 CPIC 90 3.02 2.95
1288 ABC 80 2.82 2.76
2328 PICC P&C 75 2.21 2.16
728 CHINA TELECOM 100 2.03 1.99
3328 BANKCOMM 25 1.82 1.78
1988 MINSHENG BANK 90 1.79 1.76
998 CITIC BANK 60 1.72 1.69
1800 CHINA COMM CONS 100 1.68 1.64
#
1088 CHINA SHENHUA 100 1.52 1.57
1766 CRRC 95 - 1.45
1099 SINOPHARM 100 1.45 1.42
6030 CITIC SEC 90 1.45 1.42
#
6837 HAITONG SEC 75 1.49 1.37
#
1816 CGN POWER 90 1.27 1.18
6886 HTSC 95 1.14 1.12
1776 GF SEC 100 1.13 1.11
2333 GREATWALL MOTOR 100 1.13 1.10
1339 PICC GROUP 85 1.13 1.10
1211 BYD COMPANY 70 1.11 1.09
489 DONGFENG GROUP 95 1.11 1.09
914 ANHUI CONCH 95 1.07 1.05
3699 WANDA COMM 90 1.07 1.05
902 HUANENG POWER 90 1.07 1.05
1336 NCI 80 1.06 1.04
390 CHINA RAILWAY 95 1.03 1.01
1359 CHINA CINDA 80 1.01 0.99
2202 CHINA VANKE 100 0.90 0.88
916 CHINA LONGYUAN 95 0.82 0.80
2883 CHINA OILFIELD 100 0.56 0.54
753 AIR CHINA 45 0.53 0.52
168 TSINGTAO BREW 55 0.48 0.47
3323 CNBM 100 0.47 0.46
358 JIANGXI COPPER - 0.50 -
Total 100.00 100.00
Total number of constituents: 40

^
FAF is subject to change resulted from substantial capital change issues.
*
Figures may not add up to totals due to rounding.
**
The weighting changes reflect a re-capping of ICBC, CCB and BANK OF CHINA to 10%, and changes in FAF.
#
FAF changed in this review. New FAF will take effect on 7 December 2015.