A signage for Kuaishou Technology is seen outside its headquarters in Beijing. The company’s shares have plunged 73 per cent since its inclusion in February into the Hang Seng China Enterprise Index. Photo: Bloomberg A signage for Kuaishou Technology is seen outside its headquarters in Beijing. The company’s shares have plunged 73 per cent since its inclusion in February into the Hang Seng China Enterprise Index. Photo: Bloomberg
A signage for Kuaishou Technology is seen outside its headquarters in Beijing. The company’s shares have plunged 73 per cent since its inclusion in February into the Hang Seng China Enterprise Index. Photo: Bloomberg
IPO

ETF managers frustrated after Kuaishou slump stokes fears that tech IPO fever could sink H-share returns

  • Fast-track rule for Hong Kong’s H-share index raises concerns among managers that ETF performance could be hit by tech sector slump
  • Kuaishou’s 73 per cent plunge has been biggest recent drag on index, sinking returns for the US$622 million of funds that track benchmark

Topic |   IPO
A signage for Kuaishou Technology is seen outside its headquarters in Beijing. The company’s shares have plunged 73 per cent since its inclusion in February into the Hang Seng China Enterprise Index. Photo: Bloomberg A signage for Kuaishou Technology is seen outside its headquarters in Beijing. The company’s shares have plunged 73 per cent since its inclusion in February into the Hang Seng China Enterprise Index. Photo: Bloomberg
A signage for Kuaishou Technology is seen outside its headquarters in Beijing. The company’s shares have plunged 73 per cent since its inclusion in February into the Hang Seng China Enterprise Index. Photo: Bloomberg
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