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

The Hang Seng Tech Index, launched in 2020, is set to expand to include 20 additional companies and themes related to artificial intelligence and robotics, according to its compiler. The benchmark, which tracks the 30 largest tech companies listed in Hong Kong and has $40.4 billion in assets under management, plans to increase its constituent count to 50.

The index will revise its six existing tech themes, incorporating artificial intelligence and robotics, and will also introduce digital platforms, advanced hardware, cloud computing, and frontier technology. Hong Kong's technology sector is expanding, and the proposed changes aim to broaden technology theme coverage, refine constituent selection, and enhance the index's representation of the evolving tech landscape.

The company is seeking feedback until September 18, with the changes expected to be announced by the end of September. The move comes amid a surge of IPOs from Chinese AI-related firms seeking overseas funding in Hong Kong, with Zhongji InnoLight raising approximately $6.8 billion in its debut last month, the city's largest public offering in seven years.