Hong Kong, mainland shares down on economy, liquidity concerns

viernes 25 de abril de 2014 01:12 GYT

* China economy worry clouds positive H-share earnings

* Guanghui Energy is first mainland firm to issue preferred shares

* Total of 97 companies have announced listing plans this week

By Natalie Thomas and Chen Yixin

BEIJING, April 25 (Reuters) - Hong Kong shares fell on Friday as concerns about the state of China's economy and the health of the banking sector clouded positive earnings from several H-share listings.

Shares on the mainland fell slightly, with concerns about liquidity in the market continuing to weigh on investor sentiment after Guanghui Energy company became the first mainland company to issue preferred shares.

By midday, the Hang Seng Index was down 1.4 percent at 22,254.80 points, and was off 2.2 percent for the week. The China Enterprises Index of the top Chinese listings in Hong Kong was down 1.2 percent by the lunch break.

The CSI300 index of the largest Shanghai and Shenzhen A-share listings eased 0.2 percent. The Shanghai Composite Index was down 0.2 percent at 2,053.62 points, and had lost 2.1 percent for the week so far.

Bank of China's Hong Kong listed shares fell 1.2 percent despite the fourth largest lender posting a higher than expected rise in its first quarter net profit, ( ) as investors remained unconvinced about the overall health of the sector.   Continuación...