China Shares in Hong Kong Decline Amid Default Concern
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Chinese stocks listed in Hong Kong fell to a three-week low as the national legislature began its annual meeting and concern mounted that the country may be facing its first onshore corporate bond default.
The Hang Seng China Enterprises Index, also known as the H-share index, lost 1.2 percent to 9,661.99 at the close in Hong Kong, its lowest level since Feb. 10. The Hang Seng Index lost 0.3 percent to 22,579.78 after rising as much as 0.8 percent. The Shanghai Composite Index slid 0.9 percent.