Hong Kong's Hang Seng overhaul could offer investors more opportunities
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GIVEN the historical anomaly that Hong Kong's Hang Seng Index (HSI) is skewed - with over 40 per cent in financial companies - proposed changes to the 50-year old index is positive but unlikely to make much difference to total market trading volume.
Ronald Chan, founder and chief investment officer of Chartwell Capital - a Hong Kong-based boutique asset manager and value-focused investor - said the Hang Seng Indexes Co's wide-ranging proposals for Hong Kong's stock benchmark would broaden the industry coverage and dilute the influence of its largest companies.
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