By Laura He
Hong Kong (CNN Business)Hong Kong is launching a new Nasdaq-like technology index. It’s a sign that the Asian financial hub, caught in a battle for its future between East and West
— is prepared to embrace its role as a gateway for China’s tech industry to the world.
Hang Seng Indexes, the city’s leading index compiler, on Monday announced the creation of a new benchmark that will track the 30 largest tech firms that trade in Hong Kong. The Hang Seng TECH Index is expected to debut next week.