Hang Seng Indexes Company will release its 1H25 index review results on August 22, 2025, with changes effective from September 8, 2025, SDICSI’s research report mentioned. As changes to the Hang Seng Composite Index directly impact the Hong Kong Stock Connect eligibility list, these adjustments are highly significant for investors. The broker anticipated an upsurge in the daily average market cap threshold for inclusion to HKD7.33 billion, with the exclusion threshold rising 17.8% to HKD4.63 billion.

Based on average market cap and turnover rate metrics, SDICSI predicted 22 non-A+H shares are likely to gain Stock Connect eligibility, of which 15 are newly listed in 2025. The report excluded BANK OF E ASIA (00023.HK)  0.000 (0.000%)    Short selling $300.76K; Ratio 6.361%   from the potential list, noting that its turnover rate may be insufficient to regain Stock Connect eligibility, while its market cap meets the threshold.

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The broker listed potential newcomers to the Southbound Stock Connect as follows:

Materials
NANSHAN AL INTL (02610.HK)  0.000 (0.000%)  

Industrials
CONANT OPTICAL (02276.HK)  -0.250 (-0.583%)    Short selling $1.45M; Ratio 7.161%  
ZENERGY (03677.HK)  +0.220 (+2.200%)  
BRETON (01333.HK)  -0.200 (-0.628%)  

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Consumer Discretionary
CAOCAO INC (02643.HK)  +1.800 (+4.557%)  
ZHOU LIU FU (06168.HK)  -0.700 (-1.813%)  
XXF (02473.HK)  -0.250 (-3.608%)    Short selling $2.71M; Ratio 19.129%  

Consumer Staples
BLUE MOON GROUP (06993.HK)  -0.110 (-2.619%)    Short selling $220.94K; Ratio 9.134%  
IFBH (06603.HK)  -0.150 (-0.398%)  
AUNTEA JENNY (02589.HK)  +1.000 (+0.719%)  
CHINA FOODS (00506.HK)  +0.020 (+0.625%)    Short selling $6.48K; Ratio 0.260%  

Health care
DUALITYBIO-B (09606.HK)  -14.400 (-4.374%)  
MIRXES-B (02629.HK)  -0.900 (-2.826%)  
BAYZED HEALTH (02609.HK)  +0.120 (+1.829%)  
TRANSTHERA-B (02617.HK)  -0.300 (-0.958%)  
BRAINAURORA-B (06681.HK)  +0.060 (+1.064%)  

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Information technology
UNISOUND (09678.HK)  -1.000 (-0.182%)  

Property constructors
COUNTRY GARDEN (02007.HK)  +0.005 (+1.087%)    Short selling $3.17M; Ratio 9.820%  
TIME INTERCON (01729.HK)  -0.380 (-3.946%)    Short selling $1.41M; Ratio 2.230%  
ENVISION GREEN (01783.HK)  +0.130 (+1.788%)    Short selling $546.60K; Ratio 9.619%  

The broker mentioned that there are 5 stocks listed this year. The A+H shares that did not enter the Southbound Stock Connect at first will become Southbound Stock Connect targets later:

HAITIAN FLAV (03288.HK)  -0.350 (-0.975%)   (Entry into the Southbound Stock Connect on 17/7)
SANHUA (02050.HK)  +0.250 (+0.898%)   (Entry into the Southbound Stock Connect on 21/7)
ANJOY FOOD (02648.HK)  +0.300 (+0.513%)   (Entry into the Southbound Stock Connect on 31/7)
FORTIOR (01304.HK)  -1.800 (-1.094%)   (Entry into the Southbound Stock Connect on 4/8)
LENS (06613.HK)  -0.750 (-3.546%)   (Entry into the Southbound Stock Connect on 4/8)
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-23 12:25.)