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Hong Kong: Shares fall on scepticism about China market rally

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[HONG KONG] Hong Kong shares finished down on Thursday as investors held back from chasing continuous gains on mainland exchanges due to doubts about the state of China's economy.

The Hang Seng index fell 0.5 per cent, to 24,004.28, while the China Enterprises Index lost 0.3 per cent, to 11,013.87 points.

Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings, down 17.4 per cent to HK$0.02, China Strategic Holdings, up 7.3 per cent to HK$0.06 and Bank Of China, down 0.8 per cent to HK$3.86.

Chinese investment flowing from Shanghai into Hong Kong through the mutual market access pilot programme took up 0.17 billion yuan of the 10.5 billion yuan (US$1.71 billion) daily quota.

Total trading volume in Hong Kong was 141.7 billion shares.

REUTERS

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