By Yongchang Chin
Hong Kong’s Hang Seng Index will get four new constituents from among consumer, energy and technology stocks in a bid to give more weight to underrepresented large-cap sectors.
The compiler of the Hang Seng Index, the Hang Seng Indexes Company, named China Resources Beer (Holdings) Co., ENN Energy Holdings Ltd., JD.com Inc. and NetEase Inc. as the index’s newest members, it said Friday. This will take the total number of index constituents to 64 from 60.
The company will remove China Evergrande Group from the Hang Seng China Enterprises Index, replacing it with Innovent Biologics Inc. Changes in constituent companies of the HSCEI will also be applied to the Hang Seng China Enterprises Smart Index, it added.
No changes will be made to the 30-member Hang Seng Tech Index. All changes will take effect from Dec. 6.
The HSI’s compiler in March announced its intention to change the composition of the key stock index by having 80 constituents by mid-2022, eventually broadening that number to include up to 100 companies.
Write to Yongchang Chin at yongchang.chin@wsj.com
Read More: Hang Seng Index to Get Four New Constituents