Hang Seng Index to Take First Steps in Biggest-Ever Overhaul
- Quarterly review is first to apply changes announced in March
- Index to add 25 companies over the next several quarters
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Details of a wide-ranging overhaul of Hong Kong’s equity benchmark is set to be announced on Friday, marking the first step to diversify the financials-heavy index.
The quarterly review is the first since Hang Seng Indexes Co. announced its biggest-ever overhaul in March, which includes boosting the total number of components to 80 from 55 by mid-2022, adding firms from underweight sectors and reducing the impact of the city’s biggest companies. The changes are expected to be made over the course of five quarterly reviews. The result of the first review will be released after the market close in Hong Kong today.