Prime Highlights:
- HKEX has launched the Tech 100 Indexto track the 100 largest and most innovative technology companies in Hong Kong.
- The index will help investors easily access growth opportunities in sectors like biotech, electric vehicles, internet, robotics, and IT.
Key Facts:
- HKEX has partnered with E Fund Managementto introduce an ETF based on the Tech 100 Index in China, pending regulatory approvals.
- Newly-listed companies that meet specific criteria can join the index anytime, not just during regular reviews.
Background:
HKEX has launched a new index to track the 100 biggest tech companies in Hong Kong.
The HKEX Tech 100 Index will include stocks across six major themes: artificial intelligence, biotech & pharmaceutical, electric vehicles & smart driving, information technology, internet, and robotics.
Bonnie Y. Chan, CEO of HKEX, said, “This broad-based index represents the leading innovative sectors that are reshaping Hong Kong’s markets. Its launch highlights the important role our markets play in supporting emerging industries.”
She said the index gives investors an easy way to invest in Hong Kong’s fastest-growing and most innovative sectors.
HKEX has also partnered with E Fund Management to launch an ETF based on the HKEX Tech 100 in China, subject to regulatory approval. Constituents of the new index will be eligible for Stock Connect Southbound trading, allowing Chinese Mainland investors to access these companies.
New companies that meet the rules can join the index anytime, not only during regular reviews. Dr. Liu Xiaoyan, Chairwoman of E Fund Management, said the ETF will help investors easily invest in Hong Kong tech companies while supporting the economy and new industries.
Chan said that by working with E Fund Management and other partners, HKEX plans to create new investment products to meet investor needs and offer more options for Hong Kong stocks.
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