BEIJING, April 15 Chinese shares listed in Hong
Kong suffered their biggest daily drop in 10 weeks, hit by
profit-taking in automakers and sharp declines in banks
following weak Chinese money supply data.
The China Enterprises Index of the leading offshore
Chinese listings in Hong Kong, or H-shares, closed down 2.1
percent. That marked its biggest one-day percentage drop since
The main Hang Seng Index ended 1.6 percent lower at
China Citic Banking Corp fell 6.5 percent and
China Minsheng Banking Corp lost 8.2 percent after
Chinese central bank data showed the country's money supply grew
at its weakest pace since 2001 and loan growth slowed in March.
Auto shares retreated on profit-taking after gaining over
the past few days on positive earnings data. The sector is also
being affected by uncertainties over regulations that may curb
Guangzhou Automobile Group Co Ltd shares fell 4.2
percent, Great Wall Motor Co Ltd dropped 5.2 percent
and Dongfeng Motor Group Co Ltd lost 2.5 percent.
BYD Co Ltd plunged 7 percent on media reports that
March sales for the Warren Buffett-backed Chinese carmaker fell
24 percent on the same period last year.
(Reporting By Natalie Thomas; Editing by Chris Gallagher)