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Even a 36 per cent rally in Hong Kong’s Hang Seng Index this year has failed to narrow the price gap of the Chinese companies that trade both in the city and China. The Hang Seng AH Premium Index finished at 129.88 on Thursday, compared with its last close of 122.35 in 2016. That means China-traded shares are now almost 30 per cent more expensive than their Hong Kong-listed counterparts. One reason might be that dual-listed companies are lagging Chinese firms while companies only listed in Hong Kong such as Geely Automobile Holdings and Tencent Holdings are the leading annual gainers on the Hang Seng Index. (3-0)
China’s construction material maker will use Hong Kong-listed China Glass as a platform to overhaul the country’s troubled glass industry and expand overseas
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Business seen thinning out as Lunar New Year approaches next week