HKEX Tech 100 adds Pony AI, WeRide in index revamp targeting AI stocks
The revision is designed to help the tech index recover from an underwhelming first half by tapping a new generation of Chinese AI firms
Other additions include AI drug-discovery specialist Insilico Medicine, printed-circuit-board maker Victory Giant Technology, enterprise AI company Beijing Haizhi Technology and AI data-intelligence provider Mininglamp Technology.
The 10 companies are rounded out by data infrastructure company Shenzhen Xunce Technology, robotics firm OneRobotics (Shenzhen), digital-twin specialist Beijing 51World Digital Twin Technology, and semiconductor player Montage Technology, according to a statement issued by HKEX on Friday.
Meanwhile, 14 constituents will be removed from the index, including Alibaba Health Information Technology, Ganfeng Lithium Group, JD Health International, Bilibili and NetEase Cloud Music.
The changes will take effect on September 14, according to the statement.
The reshuffle follows an overhaul of the Tech 100 methodology announced earlier this month, which HKEX said would broaden the benchmark’s exposure to “emerging technology trends, including opportunities across the AI value chain”.