Hong Kong stocks hit 10-year high; China up on factory activity [Reuters]
China Southern Airlines Company Limited (ZNH)
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Source: Reuters
Hong Kong stocks hit 10-year high; China up on factory activity | Reuters Reuters Staff 4 Min Read SHANGHAI, Jan 2 (Reuters) - Hong Kong stocks rose to the highest level in over a decade on Tuesday, aided by a surge in property shares as well as China’s H-Share full convertibility reform which is generally viewed as positive to Hong Kong-listed Chinese companies. ** China stocks also started 2018 trading on a bullish note on better-than-expected December manufacturing activity. ** China’s securities regulator said on Friday it would launch a pilot scheme that allows mainland-incorporated companies listed in Hong Kong to convert their non-tradable equity into free-floating shares. Analysts said the move would help improve corporate governance of H-share companies in the long run. ** Sentiment is also buoyed by a private business survey showing growth in China’s manufacturing sector unexpectedly picked up to a four-month high in December as factories cranked up production to meet a surg
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