Hong Kong's Hang Seng Index will see the addition of Kuaishou Technology and New Oriental Education & Technology Group Inc., while New World Development Co. will be removed in a quarterly review. This change will increase the index's membership from 82 to 83.
Hong Kong"s IPO market is seeing renewed interest from property tycoons, marking a significant shift after years of inactivity. Billionaire Robert Ng"s Sino Land Co. is a major cornerstone investor in SF Holding Co."s $793 million listing, while an investment vehicle linked to New World Development"s Henry Cheng is also among the key backers.
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