Hong Kong's Hang Seng Index set for biggest overhaul in 51 years

In 2019, the information technology sector overtook financials as the index's largest industry by market value

Hang Seng Indexes will boost the members of its Hong Kong stock benchmark to 80 and cap the weighting of any one company as it implements the biggest changes to the gauge’s 51-year history, in a bid to embrace the new economy.
 
The wide-ranging overhauls to the Hang Seng Index include increasing the number of constituents from 52 and limit a stock’s weighting to 8 per cent, the firm said in a statement on Monday. The revamp also shortens the listing history requirement for a company to be included into the gauge. Implementation of the changes will begin as