China stocks fall ahead of IPOs; Hong Kong down on political uncertainty

martes 16 de junio de 2015 00:52 GYT
 

* CSI300 -0.9 pct; SSEC -1.3 pct; HSI -0.3 pct

* 25 companies will launch IPOs this week

* Hong Kong braces for democracy showdown ahead of crucial vote

By Samuel Shen and Pete Sweeney

SHANGHAI, June 16 (Reuters) - China's equities markets fell on Tuesday morning, bogged down by a government crackdown on illegal margin financing and investor caution before the launch of a slew of IPOs this week.

Stocks were also weak in Hong Kong, with investor risk appetite curbed by political uncertainty ahead of a crucial vote this week and on prospects of an imminent Greek debt default.

This week will see the launch of 25 initial public offerings in China, which analysts say will lock up more than 7 trillion yuan ($1.13 trillion) of subscription capital.

Short-term market liquidity is being strained by a fresh crackdown on illegal margin financing activities announced by regulators over the weekend.   Continuación...