{
  "id": 12620730,
  "title": "Hong Kong tech index to harness fast-growth companies in bid for better performance",
  "url": "https://urgent.news/2026/10/07/hong-kong-tech-index-to-harness-fast-growth-companies-in-bid-for-12620730",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T11:34:47.000Z",
  "source": {
    "name": "South China Morning Post - Hong Kong",
    "slug": "south-china-morning-post-hong-kong",
    "url": "https://www.scmp.com/business/markets/article/3370073/hong-kong-tech-index-harness-fast-growth-companies-bid-better-performance"
  },
  "original_language": "en",
  "account": "Hong Kong's technology-focused stock index, known as the Hang Seng Tech Index, plans to incorporate 10 fast-growing companies into its composition. The threshold for inclusion is a minimum annual sales figure of HK$500 million (approximately US$64 million). This move aims to revitalize the index, which has fallen 23% year-to-date, as it struggles to capitalize on artificial intelligence-driven gains. The index, often considered Hong Kong's equivalent to the Nasdaq, currently features major tech companies such as Tencent Holdings and Meituan. However, these giants have failed to generate significant investor interest amid the global frenzy for AI developers and related stocks, such as memory chipmakers. In contrast, global indexes like the Nasdaq 100 and the Korea Composite Stock Price Index have recently hit record highs. Anita Mo, the CEO of the company compiling the city's major market indices, stated that the tech index should be forward-looking by incorporating emerging companies that demonstrate strong sales growth. In December, the index will expand to 50 members, with half of the new additions being the fastest-growing firms with sales of HK$500 million or more over two consecutive financial years, regardless of their market capitalization. The remaining 10 new additions will be chosen based on market capitalization, provided they meet a minimum average daily turnover of HK$100 million over the past three months. These new thresholds aim to address concerns about the liquidity of smaller companies, which could hinder accurate fund tracking. After the index's recent quarterly review, two companies were replaced to better reflect market enthusiasm for emerging Chinese AI models. However, these new members saw most of their gains early in their tenure, indicating that the index missed out on significant growth. The company will maintain its quarterly review mechanism and reduce the maximum weight of any single constituent to 8% from 10%. Furthermore, the company will implement most of the measures proposed in a consultation held in August, including the removal of industry requirements and expanding sub-themes to 24 from 16. The updated list of index constituents will be announced on November 20 and will take effect on December 7. Mo emphasized that the company hopes to grow alongside the Hong Kong market through its indexes, strengthening its role as a \"superconnector.\"",
  "summary": "Hong Kong’s stock index compiler will add 10 fast-growing companies with at least HK$500 million (US$64 million) in annual sales into the city’s technology-focused benchmark in a bid to revitalise an index that has missed out on artificial intelligence-driven gains. The threshold is among a set of new measures Hang Seng Indexes Company will use to reform the Hang Seng Tech Index, which is…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
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    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}