Chinese financials led Hang Seng China Enterprises rally
A six month-long stock rally led by Hong Kong-traded financials shares doesn’t scream financial crisis
The HSCEI gained 8.2% during the past six months, or 789 index points. Seven financial firms accounted for 651 of those points, including Ping An Insurance, the four major state-owned banks, China Merchants Bank, and China Insurance.
A market rally led by Hong-Kong traded shares of financial institutions isn’t usually a harbinger of financial crisis.