Why Hong Kong’s tech index is failing to ride the Chinese AI stock boom
Why Hong Kong’s tech index is failing to ride the Chinese AI stock boom
Publish Date: 2026-05-05 18:00:00
Source Domain: www.scmp.com
- Investor frustration is mounting as Hong Kong’s Hang Seng Tech Index has seen a prolonged decline compared to the surging share prices of several recently public Chinese AI firms that are listed in Hong Kong.
- The Hang Seng Tech Index, which was once viewed as China’s equivalent to the Nasdaq, has faced pressure in recent months, with its poor performance spotlighted amidst the wider boom in Chinese artificial intelligence stocks.
- The index’s failure to adapt has contributed to missing out on the AI boom, according to analysts who note it has not incorporated newer AI-focused companies.
- The index is dominated by traditional tech conglomerates, electric vehicle makers, e-commerce platforms, and food delivery companies due to its eligibility rules which exclude newer AI players.
- Notable AI companies like MiniMax Group and Knowledge Atlas (Zhipu AI) have not been included in the index despite recording significant gains since their Hong Kong listings.
