Indexes measuring the performance of red chips and China concept stocks are being considered by HSI Services to reflect the performance of China-related stocks, company chairman Anthony Wong Kin-kwan says.
HSI Services is the compiler of the Hang Seng Index.
The company also compiles the 50 mid-cap index and the Chinese Enterprise Index for H shares in Hong Kong.
Mr Wong said HSI Services was likely to produce more indexes depending on the market's development.
'There are more investment banks and other institutions compiling their own indexes,' he said.
'In order to increase the competition power of HSI Services, the company will produce more indexes to suit market needs.' Despite being the focus of much of the recent excitement in the market, red chips do not have an index to track their collective performance.
'As the economic relationship between China and Hong Kong is getting closer, we may need an index to reflect the performance of the stocks related to China,' he said. 'However, it would be difficult to define which stocks should be classified as red chips or China concept stocks.' Red chips are defined as companies incorporated in Hong Kong but with business operations mainly in China.