MrPikachu
2021-08-12
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Hong Kong stocks fall as weak lending data fans economic slowdown concerns
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Its shares have slumped around 90% since this year. China East Education Holdings Ltd lost 2.8%.</p>\n<p>** Index heavyweight Alibaba lost 1.3%, dragging the index down 35 points.</p>\n<p>** Heavily-indebted developer <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> 3333.HK plunged more than 8% after a strong rebound earlier this week that came on the back of asset sale plans.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong stocks fall as weak lending data fans economic slowdown concerns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong stocks fall as weak lending data fans economic slowdown concerns\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-08-12 16:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Aug 12 (Reuters) - Hong Kong shares dropped on Thursday as weaker-than-expected lending data deepened China economic slowdown concerns and weighed on sentiment.</p>\n<p>**The Hang Seng index fell 0.5%, to 26,517.82, while the China Enterprises Index lost 0.9%, to 9,465.46 points.</p>\n<p>** China's new bank loans fell to 1.08 trillion yuan ($166.5 billion) in July, its lowest in nine months.</p>\n<p>** Growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, slowed to 10.7% in July - the weakest reading since February 2020 - from a year earlier and from 11% in June.</p>\n<p>** \"We expect the slowdown and resulting headwind to the economy to continue in the coming months, further RRR and policy rate cuts notwithstanding,\" Capital Economics said in a note.</p>\n<p>** Healthcare sector led the decline, with the sub-index finishing down 3%.</p>\n<p>** CanSino Biologics Inc Tumbled 7.6%, Sino Biopharmaceutical Ltd lost 2.8%, Wuxi Biologics (Cayman) Inc declined 2.8%.</p>\n<p>** The plunge of vaccine makers in U.S. market yesterday curbed risk appetite, after EU said it was looking into new possible side-effects of mRNA COVID-19 shots.</p>\n<p>** The financials sub-index dropped 1.3%, dragged lower by insurance companies, as China's banking and insurance regulator said yesterday it would step up its scrutiny of online insurance companies.</p>\n<p>** Chinese online insurer ZhongAn plunged 11.5%, Ping An Insurance Group dropped 2.6%, China Life Insurance Co Ltd went down 1%.</p>\n<p>** Educational companies fell, as China said yesterday it would draft new laws on national security, technology innovation, monopolies and education.</p>\n<p>** Private educational firm New Oriental Education & Technology Group slipped 4.1%. Its shares have slumped around 90% since this year. China East Education Holdings Ltd lost 2.8%.</p>\n<p>** Index heavyweight Alibaba lost 1.3%, dragging the index down 35 points.</p>\n<p>** Heavily-indebted developer <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a> 3333.HK plunged more than 8% after a strong rebound earlier this week that came on the back of asset sale plans.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09901":"新东方-S","01177":"中国生物制药","02269":"药明生物","QNETCN":"纳斯达克中美互联网老虎指数","03145":"华夏亚洲高息股","09988":"阿里巴巴-W","06060":"众安在线","00667":"中国东方教育","06185":"康希诺生物","02628":"中国人寿","02318":"中国平安"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158253092","content_text":"Aug 12 (Reuters) - Hong Kong shares dropped on Thursday as weaker-than-expected lending data deepened China economic slowdown concerns and weighed on sentiment.\n**The Hang Seng index fell 0.5%, to 26,517.82, while the China Enterprises Index lost 0.9%, to 9,465.46 points.\n** China's new bank loans fell to 1.08 trillion yuan ($166.5 billion) in July, its lowest in nine months.\n** Growth of outstanding total social financing (TSF), a broad measure of credit and liquidity in the economy, slowed to 10.7% in July - the weakest reading since February 2020 - from a year earlier and from 11% in June.\n** \"We expect the slowdown and resulting headwind to the economy to continue in the coming months, further RRR and policy rate cuts notwithstanding,\" Capital Economics said in a note.\n** Healthcare sector led the decline, with the sub-index finishing down 3%.\n** CanSino Biologics Inc Tumbled 7.6%, Sino Biopharmaceutical Ltd lost 2.8%, Wuxi Biologics (Cayman) Inc declined 2.8%.\n** The plunge of vaccine makers in U.S. market yesterday curbed risk appetite, after EU said it was looking into new possible side-effects of mRNA COVID-19 shots.\n** The financials sub-index dropped 1.3%, dragged lower by insurance companies, as China's banking and insurance regulator said yesterday it would step up its scrutiny of online insurance companies.\n** Chinese online insurer ZhongAn plunged 11.5%, Ping An Insurance Group dropped 2.6%, China Life Insurance Co Ltd went down 1%.\n** Educational companies fell, as China said yesterday it would draft new laws on national security, technology innovation, monopolies and education.\n** Private educational firm New Oriental Education & Technology Group slipped 4.1%. Its shares have slumped around 90% since this year. China East Education Holdings Ltd lost 2.8%.\n** Index heavyweight Alibaba lost 1.3%, dragging the index down 35 points.\n** Heavily-indebted developer China Evergrande Group 3333.HK plunged more than 8% after a strong rebound earlier this week that came on the back of asset sale plans.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":1,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/895525486"}
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