Market analysis: Zepp and MiniMax are expected to join the Hong Kong technology stock index, thereby attracting more funds chasing AI.
The hottest artificial intelligence AI stocks in China may become candidates for inclusion in the Hong Kong stock index, opening up channels for cross-border trading and potentially attracting billions of dollars of funds. Hang Seng Index Company will conduct its quarterly review on Friday, with analysts suggesting that after a significant increase in market value, IntelliVision and MiniMax are seen as strong competitors for inclusion in the Hang Seng Technology and Composite Index. Since their listing in January, the two stocks have seen gains of at least 300%. According to the fast track inclusion rules, if included in the index, IntelliVision may be eligible for Hong Kong Stock Connect trading as early as June 8th. Given the stricter requirements for companies with weighted voting rights, MiniMax may not meet the criteria until August. Bloomberg industry research estimates that IntelliVision may attract between HK$51 billion and HK$92 billion in southbound funds, while MiniMax may attract up to HK$47 billion in funds. HSBC Securities analyst Willer Chen stated that BeiGene, Ke Holdings, Zijin Mining, and Yum China are likely to be included in the Hang Seng Index. He also mentioned that Kangji Medical may be added to the Hang Seng China Enterprises Index, while Sunny Optical may be removed.
Latest

