Definition
Free-float shares (further excluding strategic, controlling and locked-up holdings) × share price. The Hang Seng indexes use it only for the index weighting cap (10%) and the turnover velocity denominator, not for inclusion thresholds.
Category
Stock Connect Inclusion

Basis

The links above lead to official sources such as HKEX and the SFC. The explanation on this site summarises them and may differ from the official definition; the official documents prevail.

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This page explains the HK IPO term "Free-float Market Cap" and links to related terms. Definitions are compiled from HKEX Practice Note 18 and the Listing Rules, for understanding subscription rules only — not investment advice.

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