China H Shares Drop Most in Two Weeks Amid Deleveraging Concerns
- Mainland equities are among the world’s worst performers
- Hong Kong stocks slide as city’s markets reopen after holiday
HSBC's CFO Sees Good Performances Across Key Businesses
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Chinese stocks traded in Hong Kong fell the most in two weeks, with an intensifying clampdown on financial leverage and increased regulatory scrutiny taking their toll on the nation’s assets. HSBC Holdings Plc surged after its first-quarter net income beat estimates.
The Hang Seng China Enterprises Index slipped 0.8 percent at the close, its largest loss since April 18. China Minsheng Banking Corp. dropped to a 10-month low and commodity producers were among the biggest decliners after metals prices tumbled the most since November. The Shanghai Composite Index fell 0.3 percent to 3,127.37 at the close, its lowest level since Jan. 20.