Credit Suisse has set a target of 28,500 points for the benchmark Hang Seng Index at the end of the year, an 11.2 percent upside from its current level. Adding more new economy stocks in the Hang Seng Index will improve the acceptability of the Hang Seng Tech Index, and will prompt more US-listed Chinese technology companies to list in Hong Kong, said Edmond Huang, head of Hong Kong and China research and head of China equity strategy at Credit Suisse.

Source: The Standard July 22, 2020 08:28 UTC