Cina Stocks Are So Toxic

 

More than 150 Hong Kong stocks halted from trading, most for missing earnings deadline, in test for market discipline

• Titan Petrochemicals, GCL-Poly and Hainan Meilan joined about 6 per cent of Hong Kong listed companies in trading halt
• Most cited delays in publishing their 2020 unaudited accounts after missing the March 31 deadline 

 

Trading in more than 150 stocks has been halted in Hong Kong on Thursday for missing a deadline on earnings reports, a bugbear at a time when more Chinese companies are gaining entry into global stock benchmarks.

 

Hainan Meilan International Airport, solar-panel maker GCL-Poly Energy Holdings and bad-loan manager China Huarong Asset Management were among more than 150 stocks on the suspension list, according to stock exchange filings.