HONG KONG Jan 6 Offshore Chinese shares listed
in Hong Kong posted a third-straight daily loss on Monday, led
by financial counters after the State Council issued new curbs
on shadow bank lending that has caused debt levels to spike
The China Enterprises Index of the top offshore
Chinese listings in Hong Kong ended down 1.4 percent.
The Hang Seng Index slipped 0.6 percent to 22,684.2
points, its lowest close since Nov. 14.
The new guidelines call for closer monitoring and tighter
regulation of banks' off-balance-sheet lending, which is often
conducted through intermediaries such as trust companies and
Sentiment was further undermined by a survey showing
activity in China's services sector grew in December by the
slowest pace in more than two years. More data is due starting
later this week, with trade expected from Wednesday, and
fourth-quarter GDP growth on Jan. 20.
Guangzhou Automobile Group jumped 3.3 percent
after it said late last Friday that vehicle sales grew more than
41 percent in December to 141,895 units.