Exchange Square, the building that houses the stock exchange, in Hong Kong. Photo: EPA-EFE
Exchange Square, the building that houses the stock exchange, in Hong Kong. Photo: EPA-EFE
A-shares

Hong Kong stocks’ discount to net assets entraps mainland Chinese funds betting on turnaround

  • About 77 per cent of mainland China-domiciled mutual funds that focus on Hong Kong stocks have posted losses this year
  • The Hang Seng Index trades at a 2 per cent discount to its book value, the fifth time this year it has been cheaper than its intrinsic value

Exchange Square, the building that houses the stock exchange, in Hong Kong. Photo: EPA-EFE
Exchange Square, the building that houses the stock exchange, in Hong Kong. Photo: EPA-EFE
READ FULL ARTICLE