​HKEX Introduces New Tech-Focused Benchmark With Launch of HKEX Tech 100 Index

​Hong Kong Exchanges and Clearing Limited (HKEX) has expanded its index offerings with the launch of the HKEX Tech 100 Index, a new benchmark designed to track 100 of the largest Hong Kong-listed companies across six technology-driven sectors.

According to HKEX, the index covers companies operating in Artificial Intelligence, Biotech and Pharmaceuticals, Electric Vehicles and Smart Driving, Information Technology, Internet, and Robotics. All constituents are eligible for Stock Connect Southbound trading, which HKEX said ensures broad access for both international and Mainland Chinese investors.

HKEX has also entered into a licensing agreement with E Fund Management Company Limited for the development of an exchange-traded fund (ETF) in Mainland China based on the new index.

HKEX Chief Executive Officer Bonnie Y Chan described the launch as “a significant milestone,” saying the index highlights sectors that have “transformed the DNA of Hong Kong’s markets.” She said the benchmark provides investors with a comprehensive tool to track key innovative industries.

The HKEX Tech 100 Index includes a fast-entry mechanism that allows eligible newly listed companies to join outside the regular review schedule once they qualify for Stock Connect Southbound.

Chan noted that the licensing arrangement with E Fund Management is expected to support further development of products linked to Hong Kong equities in Mainland China.

E Fund Management Chairwoman Dr. Liu Xiaoyan commented that the index “brings together a comprehensive group of 100 leading technology companies,” adding that the firm aims to offer investors an efficient way to access growth opportunities in the Hong Kong tech sector through the proposed ETF, pending regulatory approval.

HKEX said it plans to continue working with industry partners to explore additional index products and development opportunities.