CITIC Construction Investment: The Hang Seng Tech Index may undergo its first major adjustment.

According to a research report from CITIC Construction Investment, on August 10, the Hang Seng Index Company released a consultation document regarding the revision plan for the Hang Seng Technology Index. This marks the first significant adjustment since the launch of the Hang Seng Technology Index. The currently announced revision plan will adjust the compilation methodology of the Hang Seng Technology Index from multiple dimensions, focusing on selection criteria for sample space, categorization methods for technology themes, the introduction of a stock selection mechanism for groups, and an expansion in the number of constituents. The goal is to maintain both the stability and investability of the index while enhancing the coverage and market representation of the technology sector. This week, the pharmaceutical sector funds performed relatively well overall, with TMT sector funds leading in performance. Overall, fund positions decreased this week, remaining at a relatively high level over the past year. In terms of style, funds increased their positions in large-cap growth stocks, with sectors like power equipment seeing increased allocations. The enthusiasm for fund issuance this week has been at its lowest level in nearly two years, with a focus primarily on index and mixed-type funds.