HONG KONG, April 25 (Xinhua) -- Hill+Knowlton Strategies (H+K) launched a new index that tracks the attention of Chinese mainland investors on Hong Kong-listed stocks, it said here Tuesday.
The H+K Chinese Investor Attention Index brings together data from across multiple sources in the Chinese mainland to analyze where the appetite lies for investments in Hong Kong stocks, the New York-based service communications agency said.
The index tracks an overall attention score as well as the top 10 stocks receiving the most attention from the mainland investors across small, medium and large capitalizations.
It also takes a deep dive into which industries are grabbing the most attention from Chinese investors.
Managing Director of H+K's Hong Kong branch K W Lam told a media conference that activities of Chinese investors have become increasingly important, yet there is not a leading indicator that helps the market understand the changes in perceptions of mainland investors toward Hong Kong-listed stocks.
The new index will offer the industry greater insight at a time when communicating with Chinese investors is critical, even for small-cap companies, he added.
The agency also released its first report analyzing the index, drawing on historical data from across the past five quarters, including more than 3.2 million news articles, more than 300,000 forum discussions, and over 30,000 research reports by financial institutions, it said.
The report showed that the top five industries that received the most investor attention during the research period were property, banking, automobiles, pharmaceuticals and insurance.
