HKEX pushes deeper into index business as AI reshapes Hong Kong market

Hong Kong Exchanges and Clearing (HKEX) is expanding into the index business with plans to launch more proprietary benchmarks and related investment products, as traditional market gauges have lagged regional peers during the Artificial Intelligence-driven technology rally.The operator of Hong Kong’s stock exchange will debut the first Exchange-Traded Fund (ETF) tracking its HKEX-tech-100-index" class="entity-link entity-topic" data-entity-id="152837" data-entity-type="topic">HKEX Tech 100 Index on Friday. The index, launched on December 9, tracks the 100 largest technology companies listed in Hong Kong across six sectors, including AI, robotics and biotechnology.HKEX is in discussions with issuers in Hong Kong and Mainland China to launch more ETFs linked to the benchmark, while also exploring products ranging from futures to over-the-counter derivatives as it seeks to build an ecosystem around the index, said Richard Leung, the exchange’s group chief information officer, at a briefing on Thursday.