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
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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

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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
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