Mainland stocks' rally spurs boost for Hong Kong listings

The second listing on the Hong Kong Stock Exchange of Fuyao Glass Industry Group — a mainland Chinese company that makes windows for automakers — which aims to raise US$951 million would be the largest in Hong Kong this year and the third largest in Asia, pointing to renewed interest in China despite growth falling last year to 7.4%, The Wall Street Journal reported. The Shanghai Composite Index is up 11% this year while the Hong Kong Hang Seng Index is up 2.2%, compared with the Dow Jones, up only 0.15% to date.