Hang Seng Tech Index Set for AI Company Inclusions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 03 2026
0mins
Source: CNBC
- Anticipated Inflows: Morgan Stanley forecasts that over $1 billion will flow into the Hang Seng Tech Index due to the upcoming inclusion of Knowledge Atlas Technology and MiniMax, with passive inflows expected to reach between $1.25 billion and $1.75 billion, significantly enhancing the index's performance.
- Poor Market Performance: Despite the excitement surrounding Chinese AI, the Hang Seng Tech Index has fallen over 11% this year, with only seven constituents rising, indicating market caution particularly as major stocks like Tencent and Alibaba have experienced double-digit declines.
- Rise of AI Model Companies: Knowledge Atlas and MiniMax have seen their stock prices soar since going public in January, with Morgan Stanley raising their price targets to 990 HKD and 1,100 HKD respectively, reflecting strong market confidence and positioning them as key drivers in Hong Kong's equity market.
- Increased Regulatory Support: Morgan Stanley highlights that technology accounts for 40% of Hong Kong IPO fundraising year-to-date and 43% of the pipeline, indicating robust regulatory support for the AI sector, suggesting that AI will be a durable force in Hong Kong's equity market.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 95.070
Low
180.00
Averages
203.09
High
230.00
Current: 95.070
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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