Business
        

Money

HK's first yuan-denominated stock falls on debut

Updated: 2011-04-29 11:20

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

HONG KONG - Shares of Hong Kong's first Renminbi-denominated initial public offering Hui Xian real estate investment trust opened 7.8 percent lower than its offering price of 5.24 yuan (81 cents) on its first trading day in Hong Kong Friday.

Related readings:
HK's first yuan-denominated stock falls on debut HK to provide yuan IPOs this year
HK's first yuan-denominated stock falls on debut HK prepares for global yuan
HK's first yuan-denominated stock falls on debut China to allow sales of yuan products in HK soon: rpt
HK's first yuan-denominated stock falls on debut HK backed to become offshore RMB center

Hui Xian started trading at 4.83 yuan per share at the Hong Kong bourse. Hui Xian is a spin-off real estate unit of Hong Kong billionaire Li Ka-shing's flagship developer Chung Kong Corp.

It sold 2 billion units, representing 40 percent of the total units in Hui Xian REIT, and raised 10.48 billion yuan in total.

E-paper

Head on

Chinese household care goods producers eye big cities, once stronghold of multinational players

Carving out a spot
Back onto center stage 
The Chinese recipe

European Edition

Specials

British Royal Wedding

Full coverage of the royal wedding of Prince William and Kate Middleton in London. Best wishes

The final frontier

Xinjiang is a mysterious land of extremes that never falls to fascinate.

Bridging the gap

Tsinghua University attracts a cohort of foreign students wanting to come to China.

25 years after Chernobyl
Luxury car show
Peking Opera revival