HSI Services, the index vending arm of Hang Sang Bank, is making another attempt at providing the market with a comprehensive series of Hong Kong stock indices adjusted for free float. The launch is designed to stymie the onslaught of a partnership between American indexing behemoth Standard Poor's and the Hong Kong Stock Exchange HKEx, which are due to launch the first of their indices in March.
The HSI faces the first real challenge to the dominance of the Hang Seng Index in years. If it fails, the Hang Seng Index could be relegated to a mere retail tool, quoted on CNBC but not widely followed by institutional investors and trading...
