Hong Kong's Hang Seng ends firmer on fund inflow hopes

April 24, 2015 8:19 AM

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The Hang Seng index rose 0.8 percent, to 28,060.98, bringing this week's gain to 1.5 percent. The China Enterprises Index reversed early losses and gained 0.1 percent, to 14,488.99 points.

Zhao Yang, fund manager of Bosera Asset Management Co, which is launching a mutual fund to invest in the city's markets, said he expected inflows from Chinese mutual funds and insurers to continue, and the valuation gap between Hong Kong and China-listed stocks to narrow further.

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