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Hang Seng Indexes shakes up Hong Kong benchmark, aims to include 100 companies

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HONG KONG (Reuters) - Hang Seng Indexes Co. Ltd said on Monday it would shake up the main Hong Kong stock benchmark with the goal of including 100 companies, part of an effort to ensure the index better reflects the range of firms listed in Hong Kong.

The Hang Seng Index has historically been dominated by financial services institutions, and even after recent tweaks and additions, these currently account for 40% of the benchmark.The changes included increasing the number of constituents of the Hang Seng Index to as many as 80 by mid-2022 from the 52 now, with an eventual goal of reaching 100, the provider said.

"The new enhancements to the HSI will further increase its representation and make the Index more balanced and diversified," Anita Mo, Chief Executive Officer of Hang Seng Indexes Company, said in a statement.

 

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