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Under ‘Connect’ scheme, Chinese stock speculation spreads to Hong Kong

April 11, 2017 SHANGHAI (Reuters) – Recent wild rides by China companies listed in Hong Kong show that the “Connect” schemes which move funds from mainland markets to Hong Kong’s can also carry in a different investor culture. Last week, the staid Hong Kong exchange got a dose of the kind of speculative “pump and dump” sometimes associated with China’s retail-driven markets. Hong Kong-listed shares of BBMG , a Beijing-based developer and cement maker, jumped as much as 63 percent after China said it will build a major economic zone…

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Under ‘Connect’ scheme, Chinese stock speculation spreads to Hong Kong

April 11, 2017 SHANGHAI (Reuters) – Recent wild rides by China companies listed in Hong Kong show that the “Connect” schemes which move funds from mainland markets to Hong Kong’s can also carry in a different investor culture. Last week, the staid Hong Kong exchange got a dose of the kind of speculative “pump and dump” sometimes associated with China’s retail-driven markets. Hong Kong-listed shares of BBMG , a Beijing-based developer and cement maker, jumped as much as 63 percent after China said it will build a major economic zone…

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