Sina US Stock News Bloomberg said on the 18th Beijing time that Hang Seng Index Co., Ltd. announced plans and willTencentOther non-state-owned holding companies are included in the Hang Seng China Enterprises Index to enhance their vitality. One company that won't be on this listAlibabaThe company decided to issue shares in the US in 2014 after Hong Kong regulators insisted on prohibiting the listing of companies with dual equity structures.

Although Tencent's market capitalization increased by 169 billion US dollars this year, Ma Yun's Alibaba increased by 2020 billion US dollars, making it the company with the largest market capitalization in China. Alibaba's absence is part of the reason why the performance of the Hang Seng series of stock indexes lags behind the MSCI China Index — both Tencent and Alibaba are constituent stocks of the latter. The loss is also a painful reminder to Hong Kong's exchange operators that it has failed to make the Hong Kong market a natural base for Chinese technology companies.