Hong Kong Stocks a Seller’s Market With $3.4 Billion Dumped

April 20, 2015 2:32 AM

66 0

As mainland Chinese investors rush to buy Hong Kong stocks, backers of some of the city’s biggest companies are doing the opposite.

Investors led by Hony Capital sold $3.4 billion of Hong Kong stock through secondary offerings in April, already the highest monthly tally in 1 1/2 years, data compiled by Bloomberg show. Hony, a Chinese private-equity firm, raised $1.3 billion Friday offloading its stake in CSPC Pharmaceutical Grou...

Read more

To category page