HONG KONG Jan 9 Offshore Chinese shares listed
in Hong Kong closed at their lowest in more than four months on
Thursday, with Great Wall Motor leading a slide in the
automobile sector after the company announced a conservative
2014 sales target.
The China Enterprises Index of the leading Chinese
listings in Hong Kong ended down 1.7 percent at 10,152.8 points,
its lowest closing level since Sept. 2. The Hang Seng Index
sank 0.9 percent to 22,787.3.
Great Wall Motor H-shares tumbled 8.5 percent
after China's biggest sports utility vehicle manufacturer said
late on Wednesday that it aims to sell 880,000 units in 2014,
which traders said was the lower end of market expectations.
Losses among auto makers accelerated after the China
Association of Automobile Manufacturers (CAAM) said on Thursday
it expects vehicle sales to increase 8 to 10 percent this year,
compared to 13.9 percent in 2013.