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China's state-owned giants say farewell to Hong Kong listings

Beijing's push for strong national champions steers move away from the market

Once a destination desired for access to foreign capital and managerial know-how, Hong Kong is losing favor among China's state-own companies that are now more focused on home.   © Reuters

HONG KONG/BEIJING -- Once viewed as a haven with access to foreign capital and marketplace discipline, Hong Kong's stock exchange is seeing a growing number of China's hulking state-owned companies delist units there so they can focus on taking leading roles on the mainland.

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