The MarketVector™ ZhongGuo AllChina Index (MV1CHN) is a country index tracking the performance of the top 300 companies from China, Hong Kong, and Macau.
Get in touch
Global index frameworks continue to split China across Emerging and Developed Markets, treating Mainland China, Hong Kong, and Macau as distinct exposures. Yet these boundaries have largely dissolved in practice. Policy, capital markets, and regulatory treatment increasingly converge under a single system. However, standard benchmarks underrepresent this integration, limiting visibility into the full Chinese equity universe.
Recent reforms, such as Stock Connect, cross-border listings, and unified regulatory oversight, have created a de facto single market. Hong Kong now serves as China’s offshore listing venue, while Macau is fully aligned with national governance. An index capturing this structure must include companies listed across Mainland China, Hong Kong, and Macau using a rules-based approach grounded in liquidity, accessibility, and economic relevance.
The MarketVector™ ZhongGuo AllChina Index provides a unified view of China’s equity market liquid companies from all three regions. Broad sector representation aligned with China’s economic evolution. MV1CHN offers a structured approach to capturing China’s integrated capital market footprint. AllChina is more than a taxonomy, it is a new architecture for understanding, measuring, and investing in the world’s second-largest economy.
| Component | Country | Non-local | Allocation | Weight |
|---|---|---|---|---|
| TENCENT HOLDINGS LTD | KY | - | - | 9.69% |
| ALIBABA GROUP HOLDING LTD | KY | - | - | 7.96% |
| XIAOMI CORP | KY | - | - | 2.32% |
| PINDUODUO INC | KY | - | - | 2.28% |
| AIA GROUP LTD | HK | - | - | 2.02% |
| KWEICHOW MOUTAI CO LTD | CN | - | - | 2.01% |
| CHINA CONSTRUCTION BANK-H | CN | - | - | 1.91% |
| CONTEMPORARY AMPEREX TECHN-A | CN | - | - | 1.85% |
| AGRICULTURAL BANK OF CHINA-A | CN | - | - | 1.62% |
| MEITUAN | KY | - | - | 1.52% |
Gain access to all index Data and Services. Receive update on market developments, index news and corporate announcements.
Sign up nowAlready have an account? Log in here
The white area of the table shows the number of companies incorporated in a certain country and the country's weight in the index.
Countries marked with (*) are the home of non-local companies. Non-local companies are companies, incorporated in these countries, that generate at least 50% of their revenues in the index target.
The number of non-local companies is declared in column «non-local». The count of components and weights in the grey area is achieved by reassigning the non-local companies to the country or region covered by the index.
| Country | Components | Weight | Non-Local | Components | Weight |
|---|---|---|---|---|---|
| Hong Kong | 23 | 8.54% | - | 23 | 8.54% |
| China | 204 | 51.07% | - | 204 | 51.07% |
| Cayman Islands | 66 | 39.23% | - | 66 | 39.23% |
| Bermuda | 6 | 1.02% | - | 6 | 1.02% |
| Canada | 1 | 0.14% | - | 1 | 0.14% |
| Total | 300 | 100.00% | - | 300 | 100.00% |
The weighting of a certain sector in an index is based on the weightings of the index components allocated to this sector. The table below displays the number of index components by sectors.
The columns coloured in grey represent hypothetical values assuming that the index would not include non-local companies.
| Sector | Components | Weight | Components | Weight | Difference | Difference % |
|---|---|---|---|---|---|---|
| Industrials | 46 | 9.48% | 46 | 9.48% | 0 | 0.00% |
| Consumer Staples | 24 | 5.76% | 24 | 5.76% | 0 | 0.00% |
| Materials | 25 | 4.41% | 25 | 4.41% | 0 | 0.00% |
| Health Care | 18 | 3.54% | 18 | 3.54% | 0 | 0.00% |
| Utilities | 18 | 3.53% | 18 | 3.53% | 0 | 0.00% |
| Consumer Discretionary | 40 | 21.36% | 40 | 21.36% | 0 | 0.00% |
| Financials | 50 | 21.02% | 50 | 21.02% | 0 | 0.00% |
| Real Estate | 14 | 2.76% | 14 | 2.76% | 0 | 0.00% |
| Energy | 6 | 2.42% | 6 | 2.42% | 0 | 0.00% |
| Communication Services | 13 | 13.68% | 13 | 13.68% | 0 | 0.00% |
| Information Technology | 46 | 12.04% | 46 | 12.04% | 0 | 0.00% |
| Total | 300 | 100.00% | 300 | 100.00% |
| Size | Market Cap | Components | Weight |
|---|---|---|---|
| Large-Cap | 9,016,389,136,674 USD | 288 | 98.99% |
| Mid-Cap | 55,607,871,186 USD | 12 | 1.01% |
| Small-Cap | - | - | - |
| Micro-Cap | - | - | - |
| Total | 9,071,997,007,860 USD | 300 | 100.00% |
A license agreement is required to use MarketVector indexes, index data or trademarks for various commercial purpose. These include research and analysis, as well as the creation, introduction, promotion, or marketing of financial products such as exchange-traded products, mutual funds, certificates, derivatives, swaps, bonds, or OTC products connected to or derived from MarketVectorTM Indexes.
We can help you learn more about acquiring a suitable license for your needs.
.png)