China B-shares end morning slightly lower on caution over HK scheme - UPDATE |
|
|
|
Published
:
Wed, 05 Sep 2007 05:26
|
SHANGHAI (XFN-ASIA) - China B-shares ended the morning session slightly lower as many investors stayed on the sidelines due to uncertainty over details of China's program to allow mainland residents to invest directly in Hong Kong- securities.Large cap property developers led the decline, in line with the sector's performance in the A-share market.The Shanghai B-share Index fell 0.49 points to 327.42 and the Shenzhen B-share Index was down 2.52 points at 742.15.The official China Securities Journal said on its front page, citing sources, that regulators will finalize within two months details of a program to allow mainland citizens to trade Hong Kong stocks directly.'This follows other media reports saying the trial program may be delayed. Investors tended to be cautious,' said a Shanghai analyst who asked not to be named.In Shanghai, Jiangsu Xincheng Real Estate Co Ltd (SHB 900950) lost 0.033 usd to 2.631.Shanghai Lujiazui Finance & Trade Zone Development Co Ltd (SHB 900932; SHA 600663) fell 0.028 usd to 2.372.In Shenzhen, Shenzhen Special Economic Zone Real Estate (Group) Co Ltd (SZB 200029; SZA 000029) tumbled 0.12 hkd to 5.41.China Vanke Co Ltd (SZB 200002; SZA 000002) dropped 0.30 hkd to 22.90.The FTSE/Xinhua China B 35 Index was down 9.56 points at 11,167.81.The benchmark Shanghai Composite Index ended the morning up 11.38 points or 0.21 pct at 5,305.42.(1 usd = 7.55 yuan)lilian.wu@xfn.com-xfnlw/xfntmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
China may further delay plan to let citizens buy overseas-listed shares - report 