HKEX Launches New Tech 100 Index

MT Newswires Live12-10

Hong Kong Exchanges and Clearing (HKG:0388) has launched the HKEX Tech 100 Index, a new benchmark that tracks 100 of the largest technology-driven companies listed in the city, according to a news release issued on Tuesday.

The index covers six themes comprising artificial intelligence, biotech and pharmaceuticals, electric vehicles and smart driving, information technology, internet, and robotics.

All constituents are eligible for Stock Connect Southbound trading, expanding access for both global and Mainland investors.

HKEX has also signed a licensing agreement with E Fund Management for the launch of an exchange-traded fund based on the index in the Chinese Mainland.

HKEX Chief Executive Bonnie Chan said the index marks "a significant milestone in HKEX's journey to build its index and data business," adding that it offers investors a comprehensive way to capture opportunities across Hong Kong's most transformative sectors.

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