SHANGHAI, April 11 Hong Kong shares finished
down 0.8 percent on Friday, with a sell-off in dual-listed
shares dragging down Chinese shares listed in the territory.
The Hang Seng Index closed down at 23,003.64 points,
while the China Enterprises Index of the leading
offshore Chinese listings in Hong Kong was off 1.85 percent, its
worst one-day percentage drop in 9 weeks.
The slump in H-shares came after investors dumped dual-
listed China shares that had been trading at a premium to their
mainland counterparts following an announcement on Thursday that
mainland and Hong Kong investors would soon be able to invest in
each other's markets.
Anhui Conch led the slide on the index
falling 7.2 percent, with Ping An falling
5 percent to its lowest in over two weeks, and China Life
down 5.3 percent.
But Hong Kong Exchanges and Clearing Ltd rode high
on the news, gaining 11.5 percent to reach its best level in
over a year.
Mainland investment in Hong Kong would initially involve a
quota system which, if the daily limit was invested, would see
average daily turnover boosted by 19 percent, according to
analysts from BNP Paribas.
(Reporting by Natalie Thomas; Editing by Jacqueline Wong)