Hang Seng Proposes Major Overhaul of Hong Kong Stock Index
- Changes would increase members to as many as 80 from 52
- Mainland-based companies comprise 79% of the Hang Seng Index
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Hang Seng Indexes Co. is considering wide-ranging changes to Hong Kong’s stock benchmark that would dilute the influence of its largest companies.
The five proposals include maintaining “a certain number of constituents classified as Hong Kong companies,” according to a 16-page consultation paper released Tuesday. Hang Seng is also considering increasing the number of members to between 65 and 80, as well as capping weightings at 8% and fast tracking new listings.