On September 23, Hang Seng Indexes Company launched eight new indices in one go. The eight indices include three under the Hang Seng Composite Tech Index series: the Hang Seng Composite Tech Index, plus the Hang Seng Composite Large-Cap Tech Index and the Hang Seng Composite Mid- and Small-Cap Tech Index, which are divided by market capitalisation. The other five are thematic indices: the Hang Seng Semiconductor Industry Index, the Hang Seng Hard Tech Index, the Hang Seng Computing Power Theme Index, the Hang Seng Stock Connect Computing Power Theme Index, and the Hang Seng A-Share Semiconductor Materials Theme Index. Among them, the Hang Seng Composite Tech Index aims to provide a gauge of the overall performance of technology companies in the Hong Kong securities market. Compared with the Hang Seng Tech Index launched in July 2020, its top ten constituents have removed JD.com Group and Baidu Group, and added China Mobile and BeiGene. The industry classification has also been made more granular, with the healthcare sector subdivided into pharmaceuticals, biotechnology, contract services for pharmaceuticals and biotech, medical equipment and supplies, and medical and aesthetic services. This launch had been well prepared for. On August 10, Hang Seng Indexes Company published a consultation paper on revisions to the methodology of the Hang Seng Tech Index, proposing to increase the number of constituents from 30 to 50, remove the industry classification requirement, and expand the technology sub-themes from 16 to 24. The consultation period ended on September 18, and the results are expected to be announced by the end of September.
China Mobile LimitedNamed as a new top-ten constituent of the Hang Seng Composite Tech Index, an index-inclusion context with no company-specific development.
BeiGene Ltd.Named as a new top-ten constituent of the Hang Seng Composite Tech Index, an index-inclusion context with no company-specific development.
