The latest additions increase the benchmark’s exposure to areas such as autonomous driving, robotics, enterprise software and optical communications.The changes, which take effect on June 15, bring in Deepexi Technology, Time Interconnect Technology, Hesai Group, Beijing Geekplus Technology, TransThera Sciences (Nanjing), CaoCao and Yangtze Optical Fibre and Cable.They replace China Ruyi Holdings, TravelSky Technology, Livzon Pharmaceutical Group, Maoyan Entertainment, HealthyWay, SY Holdings Group and Hygeia Healthcare Holdings.The reshuffle comes as investors grow frustrated with the performance of Hong Kong’s tech benchmarks, which have failed to benefit from a surge in Chinese AI stocks that has helped drive fundraising and trading activity in the city this year.The Hang Seng Tech Index, Hong Kong’s flagship technology benchmark, has fallen more than 11 per cent this year through April and nearly 56 per cent from its February 2021 peak, even as AI-focused companies have emerged as some of the market’s best-performing stocks.
HKEX revamps Tech 100 index as benchmark struggles to keep pace with AI rally
Seven firms including Hesai, Geekplus and Deepexi join the index as investors question whether local benchmarks reflect fast-rising AI sector.
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