By Kimberley Kao


Hong Kong's exchange operator has launched a new technology index to track the largest firms listed in the city across emerging areas like robotics and smart driving.

Hong Kong Exchanges & Clearing said Tuesday that the new HKEX Tech 100 Index aims to track the performance of 100 of the largest companies listed in the city across sectors such as artificial intelligence, biotech & pharmaceutical, electric vehicles & smart driving, information technology, internet, and robotics.

All constituents are eligible for stock connect Southbound trading to allow access for global and mainland investors, it said.

"This new broad-based index covers the leading innovative sectors in our listed issuer universe that have transformed the DNA of Hong Kong's markets, and its launch underscores the critical role our markets play in nurturing these emerging industries," said Bonnie Y Chan, chief executive of HKEX.

HKEX will also be working with asset management company, E Fund Management, to develop an exchange-traded fund, or ETF, in the Chinese mainland market that tracks the HKEX Tech 100 Index, subject to regulatory approval and the issuer's further announcements.

Write to Kimberley Kao at kimberley.kao@wsj.com


(END) Dow Jones Newswires

12-08-25 2223ET