On August 22, Hang Seng Indexes Company announced the latest quarterly review results, deciding to include China Telecom, JD Logistics, and Pop Mart in the Hang Seng Index. The number of constituent stocks increased from 85 to 88, and the adjustment will take effect on September 8. This is the first time Pop Mart has been included in the Hang Seng Index, reflecting the capital market's high recognition of Pop Mart's comprehensive strength. Previously, Pop Mart had been listed multiple times as a potential candidate for the Hang Seng Index.

On the same night of its inclusion in the Hang Seng Index, Pop Mart launched new products under its IP—THE MONSTERS "Secrets of the Heart" series of vinyl plush keychains, once again igniting market consumption enthusiasm. In the first half of 2025, Pop Mart's IP LABUBU continued to break through circles globally, becoming a world-class IP. Five major IPs, including LABUBU, THE MONSTERS, MOLLY, SKULLPANDA, CRYBABY, and DIMOO, achieved revenues exceeding RMB 1 billion, while 13 IPs such as HIRONO, Little Star, Zsiga, PUCKY, and HACIPUPU achieved revenues exceeding RMB 100 million. The IP influence has comprehensively broken through circles, and the "one superpower, multiple strong players" pattern has initially taken shape.

Pop Mart was listed on the Hong Kong Stock Exchange in 2020. As of the close on August 22, Pop Mart's share price was HKD 320.4, with a total market capitalization exceeding HKD 430 billion. Since the beginning of this year, Pop Mart's stock price has surged by over 258%. According to its financial report for the first half of 2025 released on August 19, revenue reached RMB 13.88 billion, a year-on-year increase of 204.4%, and adjusted net profit was RMB 4.71 billion, a year-on-year increase of 362.8%. Half-year revenue exceeded RMB 10 billion, and net profit surpassed the full-year 2024 results. The group's performance reached a new high, with excellent operating indicators. At the performance briefing, Pop Mart's Chairman and CEO Wang Ning stated that the group's annual revenue is expected to be no less than RMB 30 billion.

The Hong Kong Consumption ETF (513230) tracks the CSI Hong Kong Stock Connect Consumption Theme Index, packaging internet e-commerce leaders and new consumption in one click. Its constituent stocks nearly cover all sectors of Hong Kong consumption, including new consumption leaders such as Pop Mart, Lao Feng Gold, and Mixue Group, as well as internet e-commerce leaders such as Xiaomi, Alibaba, Tencent, and Meituan, highlighting the tech + consumption attributes.