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Hong Kong stock index plans 100 members to meet China growth

Hang Seng Index overhaul to boost tech weighting and reduce financials

The changes to the Hang Seng Index come amid record buying of Hong Kong-listed stocks by mainland investors. (Photo by Dean Napolitano)

HONG KONG -- Hong Kong's benchmark stock index is poised to expand to 80 components by the middle of next year and ultimately include 100, in one of the biggest revamps ever of the 52-year-old gauge.

Hang Seng Indexes Co., the compiler of the index and a unit of Hang Seng Bank, said on Monday that the changes will reduce the oversized representation of financials in its main index and raise the profile of technology stocks. It also plans to cap the weighting of individual companies and fast-track inclusion of new listings.

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