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Greentown Holdings behind Hang Seng’s tumble

Worries stemming from the China banking regulator’s (CBRC) increased scrutiny of real estate developers and trust companies with exposure to Greentown Holdings (HK3900) added to the selling pressure on the Hang Seng today which was down as much as 6.5%. Greentown Holdings was down as much as 17% intra-day with other real estate developers also making double digit dips in…

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