Chinese Developer Stocks Suspended as Results Deadlines Pass

Several large Chinese property stocks stopped trading Friday as part of a wave of share suspensions for Hong Kong-listed companies that couldn’t publish annual results on time.

The city’s exchange operator, Hong Kong Exchanges & Clearing Ltd. , said 32 stocks were suspended for failing to meet a reporting deadline at the end of March. Companies involved include major real-estate companies like Sunac China Holdings Ltd. , China Aoyuan Group Ltd. , Shimao Group Holdings Ltd. and Kaisa Group Holdings Ltd.

There are lots of Western suckers in HK amongst HK local suckers that HKSE is trying to con. HK a financial centre is a joke?

The outlook for real estate companies is not good.

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