Hang Seng Tech Index included in Smart Beta and MiniMax-W, stock price soared today

According to DataInsight's Beating monitoring, Hang Seng Indexes Company has released the latest index review results, formally adding ZhiPu and MiniMax-W to the Hang Seng TECH Index constituents, while removing Kingdee International and Kingsoft. The index constituent changes will be implemented after the market close on June 5, 2026, and will take effect from June 8, 2026.

As the leading Chinese AI unicorn in the generative AI field, both ZhiPu and MiniMax successfully went public on the Hong Kong Stock Exchange under Chapter 18A of the Main Board Listing Rules in January 2026.

Prior to the official announcement of the inclusion results after the market close on May 22, the market anticipated and boosted the performance of concept stocks in advance, leading to a sharp increase in the share prices of both companies on the same day. As of the closing price on that day, ZhiPu (02513.HK) soared by 26.93% to close at HK$1,282.00, while MiniMax-W (00100.HK) also surged by 15.91% to close at HK$768.50. The rapid inclusion of these two unicorns in the index less than six months after their IPOs demonstrates the capital market's high attention to large model themes. They are also expected to be included in Stock Connect, attracting more Southbound fund allocations.