HONG KONG Dec 7 Hong Kong shares eased slightly
on Friday but eked out a 0.7 percent gain for the week on the
back of a rebound from 2012 lows for China's domestic indices as
retail investors returned to the market on signs of an economic
The Hang Seng Index closed at 22,191.2, a shade below
its highest level for the year. The China Enterprises Index
rose 0.5 percent on the day and 2.8 percent on the week.
On the mainland, the CSI300 of top Shanghai and
Shenzhen-listed stocks rose 2 percent while the Shanghai
Composite rose 1.6 percent. The indexes rose 5 percent
and 4.1 percent on the week.
* Shares of insurer PICC Group had a strong
trading debut in Hong Kong, rising as much as 7.8 percent as
retail investors who missed out on the initial public offering
bought the stock.
* Cement producers China National Building Materials
and Anhui Conch were among the top gainers
on the H-shares index rising 4.4 percent and 2.7 percent,
* According to Citigroup and EPFR data, inflows into
China-focused ETFs last week amounted to just under $1 billion,
and were the bulk of that period's net inflow into Asia.