Hong Kong is doubling down on efforts to increase its stock market’s exposure to the technology industry, as the city endeavours to catch up in the global artificial intelligence trade and potentially even challenge the Nasdaq. Hang Seng Indexes Company proposed a revamp of the Hang Seng Tech Index this week to add more constituents with growth potential. It also suggested adding revenue growth in its inclusion criteria to better accommodate smaller companies with growth potential. The index compiler could also add more tech companies to the benchmark Hang Seng Index in its quarterly review later this month, according to China International Capital Corporation (CICC). The Hong Kong stock market has been left behind in the AI trade this year, due to the dominance of Chinese internet platforms that rely on e-commerce segments as their major revenue sources, and increasing tech exposure may reverse this trend.