China H Shares retreat in selloff

Chinese mainland stocks in Hong Kong fell to a one-month low, led by construction firms and insurers, amid concern government efforts to contain property bubbles and curb capital outflows will hurt earnings growth.

The Hang Seng China Enterprises Index dropped 1 percent to 9,377.43 at the close. China Vanke Co tumbled 3.2 percent in Hong Kong after the company scrapped a plan to buy assets from Shenzhen's metro operator and the pace of new home-price increases slowed. China Taiping Insurance Holdings Co sank 4.2 percent, while Ping An Insurance Group Co dropped 1.7 percent. Chinese mainland residents buying insurance in Hong Kong will no longer be able to swipe their credit cards multiple times to get around curbs, according to people with knowledge of the matter.

The Shanghai Composite Index lost 0.2 percent.