Tencent shares worth $7.6bn appear in Hong Kong clearing system
Tencent shareholders added $7.6bn in shares to Hong Kong’s clearing and settlement system, prompting speculation that its biggest shareholder, South African group Naspers, was selling part of its 29 per cent stake.The move comes two months after Prosus, the company’s Amsterdam-listed international investment arm, abandoned its pledge not to sell stock in Tencent, one of China’s most valuable companies.
Global investors are cutting their holdings in Chinese technology stocks following a government crackdown and regulatory onslaught that has bruised the sector. The S&P China Tech 50 index, which tracks the 50 largest Chinese companies in the sector, is down 36 per cent over the past 12 months.
SoftBank sold the bulk of its stake in Alibaba in August, while Warren Buffett’s Berkshire Hathaway has lowered its holdings in Chinese electric carmaker BYD.
在一轮政府整顿和监管行动导致中国科技行业受创后，全球投资者正在减持中国科技股。标普中国科技50指数(S&P China Tech 50 index)追踪中国科技行业最大的50家公司，该指数在过去12个月下跌了36%。