New benchmarks target semiconductors and global tech exposure.
Hong Kong Exchanges and Clearing has launched two technology-focused indices as it expands its benchmark ecosystem and prepares for more exchange-traded fund products tied to Hong Kong and overseas tech stocks.
The new benchmarks are the HKEX KRX Semiconductor Index and the HKEX Tech & US Tech 100 Index.
HKEX said the first co-branded index with Korea Exchange gives investors exposure to Hong Kong-listed semiconductor companies eligible for Southbound Stock Connect and leading South Korean chip names.
The second tracks the constituents of the HKEX Tech 100 Index together with the 100 largest Nasdaq-listed technology companies by market value, including the Magnificent Seven.
HKEX said the indices are structured with about 60% weighting in Stock Connect-eligible Hong Kong-listed companies and 40% in overseas-listed companies.
It added that the benchmarks are designed to support ETF development and to be eligible for inclusion under Southbound ETF Connect, giving mainland Chinese investors broader cross-market technology exposure.
The exchange also said it has signed licensing agreements with five asset managers to develop ETFs in Hong Kong based on the two indices, subject to regulatory approval.
The firms are Bosera Asset Management (International), Da Cheng International Asset Management, E Fund Management (Hong Kong), GF International Investment Management, and Huatai-PCG Asset Management.