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6 days ago
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Context from Wikipedia on the organisations, people and places in this story.
Stock market index in Hong Kong
The Hang Seng Index (HSI) is a market-capitalisation-weighted stock market index in Hong Kong adjusted for free float. It tracks and records daily changes in the largest stock listings on the Stock Exchange of Hong Kong (SEHK) and serves as the primary indicator of overall market performance in Hong Kong. These 88 constituent companies represent about 58% of the capitalisation of the SEHK.
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Chinese multinational electronics company
Xiaomi is a Chinese multinational corporation and technology company headquartered in Beijing, China. It is best known for its consumer electronics, software, and electric vehicles. It is the third-largest smartphone seller in the world as of 2025, behind Apple and Samsung, most of which run on the Xiaomi HyperOS operating system. It has 754.1 million global monthly active users, as of December 2025. The company is ranked 232nd and is the youngest company on the Fortune Global 500. It has been called the "Apple of China".
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British bank and financial services group
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. According to S&P Global's April 2026 report, HSBC is Europe's second-largest bank by assets, with $3.212 trillion in assets. This also puts it as the eighth-largest bank in the world by total assets and the third-largest non-state owned bank in the world.
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