Abstract: We screened the HS TECH eligible universe ahead of the May 2026 quarterly review, expecting Hang Seng Indexes to announce the rebalance on 22 May 2026 based on data through 31 March 2026. We forecast two additions and two deletions: MiniMax Group (100 HK) and Knowledge Atlas Technology (2513 HK) enter the 30-constituent index, while Kingdee International Software (268 HK) and Kingsoft Corporation (3888 HK) are removed. Based on index-tracking ETF aggregate AUM of HKD 370bn, estimated inflows are HKD 3.3bn for MiniMax and HKD 6.3bn for Knowledge Atlas. MiniMax ranks 12th by MV12 at HKD 225.2bn with a pro-forma index weight of 0.9%, while Knowledge Atlas ranks 19th at HKD 95.5bn with a higher effective weight of 1.7% due to its 35.0% FAF proxy. Kingsoft sits in the forced delete zone at rank 37, while Kingdee at rank 33 remains in the buffer zone, leaving open the possibility that HSIL retains Kingdee and defers its removal to the August review.
MINIMAX-WP, KNOWLEDGE ATLAS, Kingdee, KINGSOFT, UBTECH ROBOTICS, ILUVATAR COREX
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