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2021-03-01

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Hang Seng Adopts Changes to Hong Kong’s Stock Gauge

(Bloomberg) -- Hang Seng Indexes Co. plans what will be one of the biggest revamps to Hong Kong’s 51

Hang Seng Adopts Changes to Hong Kong’s Stock Gauge

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Implementation of the changes will begin as early as May and go through mid 2022.</p><p>The HSI, which in 2020 lagged global peers by the most in decades, has been moving away from being filled with financial and property stocks in recent years at a time when China’s tech giants hold growing sway. In 2019, the information technology sector overtook financials as the index’s largest industry by market value, according to a December consultation paper detailing proposed changes to the benchmark.</p><p>The changes included cutting the 10% maximum weighting a company could have in the HSI. The new limit will be 8% and apply to all members. Secondary listings or shares with unequal voting rights are currently capped at 5%. 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