Hong Kong launches share index of technology giants

Jaime E. Love

The Hang Seng TECH Index went live on Monday and includes internet giant Alibaba.Image copyright
Getty Images

A new share index focused on China’s technology giants has been launched by Hong Kong’s stock market.

The Hang Seng Tech Index went live on Monday and includes internet giants such as Tencent, Alibaba and JD.com.

It will feature 30 of the largest tech firms listed in Hong Kong, which are among the world’s biggest companies.

The new index comes as Chinese tech firms face greater scrutiny in the US, with many looking at listings in both Hong Kong and China.

Jack Ma, the billionaire founder book profits of Alibaba, recently announced plans to list its affiliate financial arm Ant Group in Hong Kong.

Alibaba, NetEase and JD.com are three tech giants that have recently listed in Hong Kong amid growing tensions between the US and China. They are included in the new Hang Seng Tech Index.

The Ant Group is described as the world’s most

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