Hong Kong – Wizpresso is proud to share that Team Wizpresso, led by Peter Po, our Head of Data Science, has obtained second place in the professional track of the Free-Float Adjustment Factor (FAF) Challenge, organized by Hang Seng Bank during the Fintech Week Hong Kong.
The challenge requires participants to utilize AI to analyze hundreds of company announcements and generate valuable insights for formulation of stock index. This prestigious competition showcases the best and brightest in the fintech industry, and this achievement reflects our dedication to pushing boundaries in equity research.
“We are honored to have been recognized by Hang Seng Bank and to win the FAF Challenge,” said Calvin Cheng, CEO of Wizpresso. “This achievement underscores our commitment to driving innovation in the fintech sector and delivering impactful solutions for our clients. We are excited to continue our journey and make a difference in market research.”
About the Hang Seng Index
Hang Seng Indexes Company Limited (Hang Seng Indexes), a wholly-owned subsidiary of Hang Seng Bank, was established in 1984 and is Hong Kong’s leading index compiler covering Hong Kong and mainland China markets.
Hang Seng Indexes calculates and manages the Hang Seng Family of Indexes. Starting in 1969 with the creation of the Hang Seng Index, now widely recognised as the barometer of the Hong Kong stock market, Hang Seng Indexes has been at the forefront of the market, developing numerous market measures to help investors make their investment decisions.
Indexes in the Hang Seng Family of Indexes are grouped into five categories – Market Indexes, Factor & Strategy Indexes, Sector Indexes, Sustainability Indexes and Fixed Income Indexes – then classified as Hong Kong-listed, Cross-market or Mainland-listed according to where their constituents are listed.
Currently, the Hang Seng Family of Indexes comprises over 2200 real-time and daily indexes. Going forward, Hang Seng Indexes will continue to broaden its index series to meet the widening spectrum of investor demand for index investment solutions.
