Hong Kong's tech index plans expansion with AI and robotics themes

The Hang Seng Tech Index, Hong Kong's primary tech stock index, is set to expand its list of constituents and incorporate artificial intelligence and robotics themes. Launched in 2020, the index currently tracks the 30 largest tech companies listed in Hong Kong and has US$40.4 billion in assets under management. The index is planning to increase the number of constituents to 50 and overhaul its six existing tech themes, adding AI and robotics to the list.

The updated themes will also include digital platforms, advanced hardware, cloud computing, and frontier technology.

The proposed changes aim to better reflect the evolving tech landscape and refine constituent selection. Additionally, sub-themes would be expanded from 16 to 24, with quantum computing and aerospace and satellite technology being added as new categories. The company is seeking feedback until September 18, with the changes expected to be announced by the end of September.

Hong Kong has witnessed a surge in AI-related IPOs from Chinese companies seeking overseas funding, with Zhongji InnoLight's debut raising about US$6.8 billion, marking Hong Kong's biggest public offering in seven years.