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AIA Dives Nearly 4% Again as CN Clamps Down on Cross-border Investment
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Mainland China has ramped up its crackdown on cross-border investment. Some Hong Kong banks have purportedly suspended the opening of Hong Kong bank accounts for Chinese customers that can be used for overseas investment. Meanwhile, Hong Kong’s insurance sector may also be affected, particularly companies that heavily rely on Chinese visitors coming to Hong Kong to purchase insurance products. AIA (01299.HK) plunged 6.75% yesterday (4th); with extended losses this morning (5th), it last quoted at HKD73.7, down 3.91%, with turnover of 23.5093 million shares, involving HKD1.766 billion. PRU (02378.HK) last quoted at HKD103.3, down 4.35%. HSBC HOLDINGS (00005.HK) was depressed, last quoted at HKD143, down 2.32%. STANCHART (02888.HK) last quoted at HKD205, down 3.21%. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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