Hang Seng Index left untouched, but tweaks made to tech, China enterprises indices
Tencent Music and Horizon Robotics added to Hang Seng Tech Index, while ZTO Express and BeiGene added to Hang Seng China Enterprises Index
Hang Seng Indexes Company, the compiler of the Hang Seng Index, has left the composition of its benchmark gauge unchanged in its latest quarterly review, while adjusting the technology and enterprises indices that track mainland Chinese tech and industrial companies.
The number of stocks on the Hang Seng Index remained at 83, according to a statement from the index compiler on Friday.
The compiler said it was adding music streaming provider Tencent Music Entertainment Group and smart driving solutions provider Horizon Robotics to the 30-member Hang Seng Tech Index, replacing investment holding company East Buy Holdings and insurer ZhongAn Online P&C Insurance.
The 50-member Hang Seng China Enterprises Index (HSCEI) will see the inclusion of logistics company ZTO Express and cancer drug developer BeiGene, while drugs maker Sino Biopharmaceutical and sportswear maker Li Ning will be ejected.
All changes take effect from March 10.
In the last review in November, developer New World Development was removed from the Hang Seng Index, while video-sharing platform Kuaishou Technology and private educational services provider New Oriental Education & Technology Group were added.