A "correction" in Chinese stocks that has made them Asia's worst performers this year may be nearing its end given the duration and degree of the slump, according to Elliott Wave International Inc.
Xinjiang Goldwind Science & Technology Co, China's largest traded wind-turbine maker, may raise as much as HK$9.09 billion ($1.2 billion) in a public share sale, said two people with knowledge of the matter.
Hong Kong stocks closed slightly down 1.52 points, or 0.01 percent, at 19,765.19 on Monday.
Dollar bonds sold by China real estate companies this year are the worst performers among Asian non-financial corporate debt denominated in the US currency amid concern the nation's property market is overheating.
China's stock index futures fell Monday with the contract for June, the most actively traded, down 2.71 percent from the previous trading day to end at 2,792 points.
The ChiNext board was down Monday as 79 of the 88 stocks at China's start-up board for small and medium-sized enterprises declined at the close.
Legend Holdings, parent of the world's No 4 PC maker Lenovo Group, plans to seek a Hong Kong listing in the next five to seven years, the South China Morning Post reported today, citing chairman Liu Chuanzhi.
Chinese shares declined Monday, led by weak property with the benchmark Shanghai Composite Index shedding 9.7 percent for the month of May.
Goldwind, which is already listed on the mainland's Shenzhen stock exchange, would offer 395.29 million shares, or 15 percent of its enlarged share capital, with an indicative price range of between HK$19.80 ($2.54) and HK$23, the sources said today.
Hong Kong stocks closed up 335.34 points, or 1.73 percent, at 19,766.71 on Friday.