(Bloomberg) -- Hong Kong's key stock index rose,
headed for a record close. China Construction Bank Corp. led
banks higher after saying it plans to sell shares valued at $5.5
billion in Shanghai, where valuations are higher.
``The overall trend for companies to list in the mainland
is a solid positive factor,'' said Renee Hung, who helps manage
$3.5 billion at Value Partners Ltd. in Hong Kong. ``Shares of
these companies will have a short-term run. The market gets a
sentiment boost.''
Read more at Bloomberg Stocks News
headed for a record close. China Construction Bank Corp. led
banks higher after saying it plans to sell shares valued at $5.5
billion in Shanghai, where valuations are higher.
``The overall trend for companies to list in the mainland
is a solid positive factor,'' said Renee Hung, who helps manage
$3.5 billion at Value Partners Ltd. in Hong Kong. ``Shares of
these companies will have a short-term run. The market gets a
sentiment boost.''
Read more at Bloomberg Stocks News
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